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)
+2.4%
Price Change (5Y)
+11.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$120,762
Median Home PriceBETTER
$214,936.15
Median Rent
$1,332.86/mo
Price-to-Rent RatioBETTER
13.4
Property Tax RateTIE
0.85%
Price Change (1Y)BETTER
+4.0%
Price Change (5Y)BETTER
+20.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,742
Key Differences
Home Prices
Fort Wayne's median home price of $244,079.68 is higher than South Bend's $214,936.15 by 14%.
Monthly Rent
Renting in Fort Wayne costs $1,162.6/mo compared to $1,332.86/mo in South Bend—a difference of $170.26/mo.
Buy vs Rent Verdict
Fort Wayne favors renting, while South Bend favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.