46845, Fort Wayne, IN

Fort Wayne, Indiana is a city located in the northeastern part of the United States. As of the 2010 census, it had a population of 219,912. The city is the county seat of Allen County and home to Indiana University-Purdue University Fort Wayne. The city's economy is based on health care, manufacturing, and information technology.

The median household income in Fort Wayne was $50,871 in 2016 according to data from the U.S. Census Bureau. This ranks Fort Wayne as one of the wealthier cities in America with a median household income above $40,000. In addition to high incomes, Fort Wayne also has a low poverty rate at just 2% as of 2016 according to data from the U.S Census Bureau

Home prices have been increasing rapidly in Fort Wayne over recent years and as of September 2017 they were estimated at an average price of $157,500 according to Zillow data

This means that homeownership rates are high in Fort Wayne with nearly 73% of households owning their homes as opposed to renting them

The reason for this high homeownership rate is likely due to strong job growth and low unemployment rates

In addition, there is little competition for housing units which has helped keep prices high

One factor that could potentially slow down home prices growth in Fortwayne would be if interest rates increased which would make mortgages more expensive for consumers