Southwest, Fort Wayne, IN—46818
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest, Fort Wayne, IN
As of Nov '25, the median home price in Southwest, Fort Wayne, IN is $298,000, with a year-over-year change of 1.6%. This indicates that home prices in Southwest, Fort Wayne, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 1.6% |
| Single Family | $298,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 3.0% |
3 Bed | $279,000 | 2.2% |
4 Bed | $344,000 | 0.9% |
| 5 Bed | $418,370 | 0.9% |
% of Housing Stock
Rental Trends — Southwest, Fort Wayne, IN
As of July '25, Rentcast reports the average rent in Southwest, Fort Wayne, IN is $1,770, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Southwest, Fort Wayne, IN is studios: $1,710, 1-bedrooms: $695, 2-bedrooms: $1,510, 3-bedrooms: $1,590, 4-bedrooms: $2,180. The most common rental property sizes in Southwest, Fort Wayne, IN are 3-bedroom and 2-bedroom, accounting for 63.1% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,770 |
| Studio Rent | $1,710 | $1,710 |
| 1 Bed Rent | $695 | $695 |
| 2 Bed Rent | $1,100 | $1,510 |
| 3 Bed Rent | $1,700 | $1,590 |
| 4 Bed Rent | $2,300 | $2,180 |
% of Rental Stock
Property Listings — Southwest, Fort Wayne, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in Southwest, Fort Wayne, IN is 75. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | 1.0% |
Listing Count | 198 | 42.0% |
| Listings as % of Homes | 0.6% | 42.0% |
Days on Market | 75 | 29.0% |
Demographics — Southwest, Fort Wayne, IN
As of the latest ACS Survey released in 2023, Southwest, Fort Wayne, IN has a population of 21,900, which has increased by 5.6% over the past 5 years. Southwest, Fort Wayne, IN is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 5.6% |
% Under 18 | 24.9% | -4.2% |
% Seniors | 14.4% | 13.4% |
% WFH | 8.1% | 107.7% |
% w/ College Degree | 30.5% | 32.0% |
As of the latest ACS Survey released in 2023, Southwest, Fort Wayne, IN is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Southwest, Fort Wayne, IN is hispanic, making up 6.8% of the population. Foreign-born residents account for 7.8% of the population in Southwest, Fort Wayne, IN, and this percentage has increased by 44.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.3% | -6.5% |
% Black | 4.0% | 29.0% |
% Hispanic | 6.8% | 23.6% |
% Asian | 3.2% | 0.0% |
% Foreign Born | 7.8% | 44.4% |
Mortgage and Risk — Southwest, Fort Wayne, IN
According to HUD data as of 2023, there were 402 mortgage originations in Southwest, Fort Wayne, IN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Southwest, Fort Wayne, IN. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 402 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Southwest, Fort Wayne, IN
As of 2024, the percent of homes in Southwest, Fort Wayne, IN under the Section 8 program is 4.1%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest, Fort Wayne, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $545 | $695 | $1,240 |
| 2 Bedroom | $400 | $1,100 | $1,500 |
| 3 Bedroom | $190 | $1,700 | $1,890 |
| 4 Bedroom | -$260 | $2,300 | $2,040 |
Affordability — Southwest, Fort Wayne, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $298,000 |
| Median Household Income | $86,600 |