Real Estate Investing in Fort Wayne, Indiana (46814)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46814 (Fort Wayne, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Fort Wayne, IN (46814)?
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Market Analysis: 46814 Fort Wayne
Meanwhile, ZIP 46814 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $463K median. It rewards specialists, not generalists.
The investment case in 46814 is sturdy only for operators who understand what they are buying. A $463K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Fort Wayne have seen price recovery that 46814 has not matched. Allen County data supports the view that the spread is structural rather than temporary.
Employment concentration in 46814 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 46814 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fort Wayne:
Property Strategy for 46814
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $273,604 | $1,650 | 4.3% | +7.0% | $136,802 |
| 3BR | $348,590 | $2,050 | 4.2% | +6.3% | $116,197 |
| 4BR | $471,088 | $2,240 | 3.4% | +6.4% | $117,772 |
| 5BR | $712,652 | — | — | +6.9% | $142,530 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46814 Compare?
| Metric | 46814 | Fort Wayne | Fort Wayne, IN | Indiana |
|---|---|---|---|---|
| Home Value | $463,372 | $94,884 | N/A | $248,442 |
| 5-Year CAGR | 4.6% | 7.0% | N/A | 7.7% |
| Avg Rent | $1,926 | $1,291 | N/A | - |
| Cap Rate | 3.2% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46814 (Fort Wayne, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $463,372 |
| Monthly Rent | $1,926 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46814
Population: 16,906
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46814
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,109 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Fort Wayne, IN?
Median home price in Fort Wayne, IN is near $463K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is IN a landlord-friendly state?
For rental operators, Fort Wayne, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of tenants rent in Fort Wayne, IN?
Expect a solid tenant pool in Fort Wayne, IN. The rental market absorbs $1,926/mo rents without meaningful friction.
Is Fort Wayne, IN better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Fort Wayne, IN best. The market produces measured results for that approach at the $463K price point.
What are vacancy rates like in Fort Wayne, IN?
Expect elevated vacancy in Fort Wayne, IN. Rents at $1,926/mo are absorbed by the tenant base without meaningful lag.
You know 46814 now. You don’t know where it ranks.
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How 46814 ranks in Fort Wayne, IN
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