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1031 Exchange Fort Wayne, Indiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Fort Wayne due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Fort Wayne, Indiana is a part of the Fort Wayne, IN metropolitan area, and contains 43 zip codes, including: 46809, 46861, 46852, 46867, 46816, and 46885.

Fort Wayne Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Fort Wayne, IN metropolitan area was $692, which is 20.98% lower than 2014 average rent. This represents a compounded annual growth rate of 3.88%. 2019 vacancy in Fort Wayne, IN was 3.40%.

The total population of the city of Fort Wayne, IN has grown 5.50% since 2010. As of 2018, the population was 267,633. The median household income of the Fort Wayne was $48,023, which is 20.00% lower than the national average.

  • metropolitan area Fort Wayne, IN
  • avg rent $692
  • rent growth 20.98%
  • vacancy 3.40%
  • median income $48,023
  • population (2018) 267,633
  • population growth 5.50%
  • vs. nat'l avg 20.00%
  • zip codes 46801 46802 46803 46804 46805 46806 46807 46808 46809 46814 46815 46816 46818 46819 46825 46835 46845 46850 46851 46852 46853 46854 46855 46856 46857 46858 46859 46860 46861 46862 46863 46864 46865 46866 46867 46868 46869 46885 46895 46896 46897 46898 46899

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