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Fort Wayne, IN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,180
Monthly Cash Flow
-$186
Principal + Equity
$1,811
Annual Total Gain
$19,510
Cash on Cash
-3.75%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$123
Occupancy Rate
61.54%
Monthly Revenue
$1,375
Monthly Cash Flow
-$197
Principal + Equity
$1,811
Annual Total Gain
$19,373
Cash on Cash %
-3.98%
Net ROI %
Market Health & Growth
Median Income
$60,293
Population
266,235
LTR Renter %
37.77%
Forecast (1 yr)
2.45%
Appreciation (1 yr)
2.06%
Appreciation (5 yr)
52.18%
Appreciation (10 yr)
120.51%
Job Growth
0.12%
LTR Rentability
Low
STR Demand
47
STR Rentals
452
Top Public Schools
A-East Allen University
A-Aboite Elementary School
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Live in America
#87out of 229 markets
Best Cities to Buy a House in America
#6out of 229 markets
Cities with the Lowest Cost of Living in America
#7out of 229 markets
C
Public School
C-
Crime And Safety
B
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Fort Wayne, IN.
As of September 2021, Fort Wayne, IN does not have specific regulations in place for short term rentals. However, it is important for investors to stay informed about any changes in regulations that may be implemented in the future.
Investors should also consider factors such as zoning laws, homeowner association rules, and potential licensing requirements that may impact their ability to operate a short term rental property in Fort Wayne. It is advisable to consult with a real estate attorney or local government officials to ensure compliance with any existing or future regulations.
Additionally, investors should consider the potential impact of short term rentals on the local community, including issues such as noise complaints, parking concerns, and the overall quality of life for residents in the area. Building positive relationships with neighbors and being a responsible host can help mitigate these potential issues.
Overall, while Fort Wayne may not currently have specific regulations for short term rentals, investors should thoroughly research and consider all factors before purchasing a property for this purpose in order to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Fort Wayne, IN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Fort Wayne, IN.
The LTR Genie Score of Fort Wayne, IN is 74 and STR Genie Score is 64, indicating a moderate to high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that the market may not be as favorable for long-term rentals compared to short-term rentals. The LTR Net ROI of 32.85% and STR Net ROI of 32.62% are quite similar, indicating that both rental strategies can yield profitable returns in this market. The 1-Year Price Appreciation Forecast of 2.45% suggests potential growth in property values, further enhancing the investment potential.
Fort Wayne, IN is a growing city with a diverse economy, strong job market, and affordable housing options, making it an attractive location for real estate investors. The STR Occupancy rate of 61.54% and STR Revenue of 1375 indicate a steady demand for short-term rentals in the area.
In conclusion, Fort Wayne, IN presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring both rental strategies in this market to maximize their returns. However, it is important to conduct thorough market research and due diligence before making any investment decisions.
LTR Genie Score 81
$190,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,109 sqft.🏠 SINGLE FAMILY