Median Home Price
$244,079.68
Median RentBETTER
$1,162.6/mo
Price-to-Rent Ratio
17.5
Property Tax RateTIE
0.85%
Price Change (1Y)BETTER
+2.4%
Price Change (5Y)BETTER
+11.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$120,762
Median Home PriceBETTER
$226,824.99
Median Rent
$1,367.22/mo
Price-to-Rent RatioBETTER
13.8
Property Tax RateTIE
0.85%
Price Change (1Y)
+1.3%
Price Change (5Y)
+6.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$80,170
Key Differences
Home Prices
Fort Wayne's median home price of $244,079.68 is higher than Indianapolis's $226,824.99 by 8%.
Monthly Rent
Renting in Fort Wayne costs $1,162.6/mo compared to $1,367.22/mo in Indianapolis—a difference of $204.62/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.