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  1. Home
  2. /Browse ZIP Codes
  3. /Indiana
  4. /Fort Wayne
  5. /Mishawaka South, Fort Wayne, IN - 46808

Mishawaka South, Fort Wayne, IN—46808

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$172,000
0.6% YoY Growth
Household Income
$53,600
35.6% YoY Growth
Days on Market
35
4.0% Shorter YoY
Home Price Forecast
2.8%
Median Rent
$975
0.9% YoY Growth
1-Bed Rent
$795
9.4% YoY Growth
2-Bed Rent
$945
4.3% YoY Growth
3-Bed Rent
$1,300
2.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mishawaka South, Fort Wayne, IN

As of May '26, the median home price in Mishawaka South, Fort Wayne, IN is $172,000, with a year-over-year change of 0.6%. This indicates that home prices in Mishawaka South, Fort Wayne, IN are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$172,0000.6%
Single Family $171,0000.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$134,000-0.7%
    3 Bed
    		$185,0001.1%
    4 Bed
    		$230,0001.3%
    5 Bed $256,328-0.7%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    12.6%
    2 Bedrooms
    28.7%
    3 Bedrooms
    44.9%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    2.3%

    Rental Trends — Mishawaka South, Fort Wayne, IN

    As of July '25, Rentcast reports the average rent in Mishawaka South, Fort Wayne, IN is $1,090, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Mishawaka South, Fort Wayne, IN is 1-bedrooms: $782, 2-bedrooms: $990, 3-bedrooms: $1,320, 4-bedrooms: $1,100. The most common rental property sizes in Mishawaka South, Fort Wayne, IN are 2-bedroom and 3-bedroom, accounting for 37.5% and 27.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$975$1,090
    Studio Rent N/AN/A
    1 Bed Rent $795$782
    2 Bed Rent $945$990
    3 Bed Rent $1,300$1,320
    4 Bed Rent $1,100$1,100
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    26.8%
    2 Bedrooms
    37.5%
    3 Bedrooms
    27.0%
    4 Bedrooms
    4.7%
    5+ Bedrooms
    1.1%

    Property Listings — Mishawaka South, Fort Wayne, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Mishawaka South, Fort Wayne, IN is 35. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$177,000-11.0%
    Listing Count
    		53-1.0%
    Listings as % of Homes0.1%-1.0%
    Days on Market
    		35-4.0%
    Loading chart...

    Demographics — Mishawaka South, Fort Wayne, IN

    As of the latest ACS Survey released in 2023, Mishawaka South, Fort Wayne, IN has a population of 19,900, which has increased by 2.7% over the past 5 years. Mishawaka South, Fort Wayne, IN is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,9002.7%
    % Under 18
    		23.0%-4.6%
    % Seniors
    		12.8%21.9%
    % WFH
    		5.1%155.0%
    % w/ College Degree
    		18.6%16.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Mishawaka South, Fort Wayne, IN is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Mishawaka South, Fort Wayne, IN is hispanic, making up 13.4% of the population. Foreign-born residents account for 7.1% of the population in Mishawaka South, Fort Wayne, IN, and this percentage has increased by 82.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		70.9%-11.6%
    % Black
    		9.1%54.2%
    % Hispanic
    		13.4%57.6%
    % Asian
    		2.0%11.1%
    % Foreign Born
    		7.1%82.1%
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    Mortgage and Risk — Mishawaka South, Fort Wayne, IN

    According to HUD data as of 2023, there were 447 mortgage originations in Mishawaka South, Fort Wayne, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Mishawaka South, Fort Wayne, IN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		447
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Mishawaka South, Fort Wayne, IN

    As of 2024, the percent of homes in Mishawaka South, Fort Wayne, IN under the Section 8 program is 3.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mishawaka South, Fort Wayne, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		234
    Total Units Section 8
    		133
    % Rentals under Section 8
    		3.4%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$115$795$910
    2 Bedroom$155$945$1,100
    3 Bedroom$90$1,300$1,390
    4 Bedroom$400$1,100$1,500

    Affordability — Mishawaka South, Fort Wayne, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$172,000
    Median Household Income$53,600

    Mishawaka South, Fort Wayne, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Northeast, Fort Wayne, IN

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    River Park, Fort Wayne, IN

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    Frequently Asked Questions