Cost of Living,
Fort Wayne's Real Estate Market
Fort Wayne Metro Area
Profile: Small city Location: Northeastern Indiana, 15 miles from Ohio border Elevation: 828 Time zone: Eastern Standard Time
|Small town atmosphere||Low job growth projections|
|Arts & culture||Winter climate|
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Fort Wayne is a business center and the second largest city in Indiana. Located in the northeast corner of the state at the confluence of three rivers, it is a diverse industrial and commercial center with an attractive downtown and a friendly, small-town feel for a city its size. Its industrial base has recovered from the 1980’s decline of International Harvester and includes electronics manufacturer Motorola and other high-tech, electric motor and automotive suppliers, as well as the headquarters of Fortune 500 member Lincoln National Life Insurance. Despite the vulnerability of these industries, employment has held steady thanks to the area’s economic diversity.
Cost of living is low, and housing is a good value. The area has a better-than-average collection of small-scale arts-and-culture amenities for the type of town and some recreation in surrounding areas. There is a strong community pride and sense of resilience to economic. While Fort Wayne has no outstanding draws, it also has no severe drawbacks.
The surrounding area is generally level south and east of the city, rolling to the southwest, and quite hilly to the north and northwest. While the climate is influenced somewhat by the nearby Great Lakes, it does not differ greatly from that of other Midwestern cities of the same latitude. Summers are warm and humid. Winters are cool and cloudy, and occasionally very cold and windy.
Annual precipitation is well distributed with somewhat larger amounts falling in late spring and early summer. Snow squalls and winter-snow cover are common, but blizzards are infrequent. Summer thunderstorms are common and occasionally severe. The river confluence and low elevation has produced some severe floods. First freeze is mid-October, last is late April.
Interesting Facts about Fort_Wayne, Indiana
As of 2014, Fort Wayne's population is 253,617 people. Since 2000, it has had a population growth of 1.13 percent.--------------------
The median home cost in Fort Wayne is $98,500. Home appreciation the last year has been 0.90 percent.--------------------
Compared to the rest of the country, Fort Wayne's cost of living is 16.30% Lower than the U.S. average.--------------------
Fort Wayne public schools spend $10,057 per student. The average school expenditure in the U.S. is $12,435. There are about 17.2 students per teacher in Fort Wayne.--------------------
The unemployment rate in Fort Wayne is 5.40 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Fort Wayne jobs have Increased by 5.31 percent.
Ranked #30 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #40 America's Migraine Hot Spots
Ranked #102 2005 Best Places to Live
Ranked #295 Best Green Cities
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Average Commute time is 20 minutes. The National Average is 25 minutes.--------------------
Fort Wayne's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes