Fort Wayne Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Fort Wayne, IN (the Fort Wayne metro area) was $780 in 2019 according to the Census ACS survey.1 Average gross rent in Fort Wayne was $789 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Fort Wayne median and average rent data will be released in September of 2021.
Data is also available below for Fort Wayne rental vacancy rates, Fort Wayne rent as a percent of median income and the fraction of renters in Fort Wayne.
Real Gross Rent in Fort Wayne Indiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Indiana Median Gross Rent | $840 | +0.60% | +4.48% |
| Fort Wayne, IN Median Gross Rent | $780 | -0.13% | +5.69% |
Fort Wayne, IN Real Gross Rent Trends
Median gross rent for Fort Wayne peaked in real terms in 2018 at $781 and is now $1 (0.13%) lower. At $789, real average gross rent in Fort Wayne was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Fort Wayne: Fort Wayne IN Median, Fort Wayne IN Average, Indiana Median, US Median
Real Gross Rent History for Fort Wayne
| Date | US Median |
Indiana Median |
Fort Wayne, IN Median |
Fort Wayne, IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $780 | $789 |
| 2018 | $1,077 | $835 | $781 | $782 |
| 2017 | $1,043 | $818 | $760 | $755 |
| 2016 | $1,027 | $804 | $738 | $748 |
| 2015 | $1,017 | $804 | $758 | $764 |
| 2014 | $986 | $795 | $695 | $703 |
| 2013 | $953 | $769 | $699 | $682 |
| 2012 | $940 | $761 | $686 | $706 |
| 2011 | $941 | $764 | $697 | $680 |
| 2010 | $955 | $763 | $682 | $689 |
| 2009 | $960 | $783 | $701 | $683 |
| 2007 | $927 | $750 | $701 | $699 |
| 2005 | $910 | $769 | $725 | $736 |
Fort Wayne Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Fort Wayne Indiana was 6.97% according to Census ACS data.
Rental Vacancy Rate in Fort Wayne Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Fort Wayne, IN | 6.97% | -0.42% | +0.63% |
Trends in Fort Wayne, IN Rental Vacancy Rate
The rental vacancy rate in Fort Wayne peaked in 2009 at 14.65%. Since then it has fallen by 7.68% to 6.97%. Data records for this series originated in 2005. From a 2016 post peak low of 6.34%, the rental vacancy rate has increased by 0.63%.
Rental Vacancy Rate: Fort Wayne IN, Indiana, US
Historical Rental Vacancy Rate data for Fort Wayne
| Date | US | Indiana | Fort Wayne, IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 6.97% |
| 2018 | 6.15% | 6.59% | 7.39% |
| 2017 | 6.18% | 7.14% | 9.03% |
| 2016 | 5.89% | 6.96% | 6.34% |
| 2015 | 5.85% | 7.94% | 8.36% |
| 2014 | 6.32% | 8.09% | 8.17% |
| 2013 | 6.49% | 7.00% | 6.88% |
| 2012 | 6.77% | 8.43% | 11.98% |
| 2011 | 7.40% | 8.47% | 13.18% |
| 2010 | 8.17% | 8.78% | 11.34% |
| 2009 | 8.43% | 10.44% | 14.65% |
| 2007 | 7.87% | 9.72% | 10.86% |
| 2005 | 7.74% | 10.67% | 12.61% |
Rent as a Fraction of Income
Using median household income data for Fort Wayne, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fort Wayne, median monthly gross rent as a fraction of median household income was 16.34% in 2019 according to the ACS.
Fort Wayne Indiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Indiana | 17.50% | -0.15% | -0.12% |
| Fort Wayne, IN | 16.34% | -0.25% | -0.08% |
Trends in Fort Wayne, IN Rent as a Fraction of Income
The fraction of median Fort Wayne household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 17.32%. Since then it has fallen by 0.98% to 16.34%.
Fraction of Income towards Rent: Fort Wayne IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Fort Wayne Indiana
| Date | US | Indiana | Fort Wayne, IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 16.34% |
| 2018 | 20.50% | 17.65% | 16.59% |
| 2017 | 20.13% | 17.56% | 16.72% |
| 2016 | 20.43% | 17.62% | 16.42% |
| 2015 | 20.63% | 18.00% | 16.87% |
| 2014 | 20.89% | 18.27% | 15.98% |
| 2013 | 20.78% | 18.43% | 17.32% |
| 2012 | 20.65% | 18.27% | 15.70% |
| 2011 | 20.70% | 18.27% | 16.30% |
| 2010 | 20.50% | 18.37% | 15.57% |
| 2009 | 20.12% | 18.15% | 15.68% |
| 2007 | 18.66% | 16.14% | 14.83% |
| 2005 | 18.89% | 16.78% | 15.46% |
Renter Fraction in Fort Wayne Indiana
You can calculate the renter fraction in Fort Wayne in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Fort Wayne as a fraction of total Fort Wayne households. In 2019 29.21% of households were renters according to Census ACS data.
Fort Wayne Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Indiana | 30.69% | -0.37% | -0.96% |
| Fort Wayne, IN | 29.21% | +1.25% | -2.04% |
Trends in the Fort Wayne, IN Renter Fraction
The Fort Wayne household renter fraction peaked in in 2016 at 31.25% and is now 2.04% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Fort Wayne IN, Indiana, US
History of Fort Wayne Renter Fraction
| Date | US | Indiana | Fort Wayne, IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 29.21% |
| 2018 | 36.05% | 31.06% | 27.96% |
| 2017 | 36.13% | 30.96% | 30.51% |
| 2016 | 36.88% | 31.65% | 31.25% |
| 2015 | 36.97% | 31.82% | 30.52% |
| 2014 | 36.90% | 31.42% | 29.31% |
| 2013 | 36.50% | 31.48% | 30.13% |
| 2012 | 36.09% | 30.62% | 28.90% |
| 2011 | 35.42% | 30.28% | 28.60% |
| 2010 | 34.65% | 29.71% | 28.77% |
| 2009 | 34.13% | 29.57% | 28.06% |
| 2007 | 32.80% | 28.37% | 27.16% |
| 2005 | 33.10% | 28.00% | 26.86% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Indiana
- / Fort Wayne
