Fort Wayne jumps 29 spaces in 2021 Best-Performing Cities ranking

Fort Wayne proves to be one of the most affordable housing markets in the nation according to a new report. Our city jumped 29 spaces, moving to 82 from 111 out of 200 in the 2021 Best-Performing Cities Index ranking from the Milken Institute.

Posted: Feb 20, 2021 7:23 PM
Updated: Feb 21, 2021 1:21 PM

FORT WAYNE, Ind. (WFFT) -- Fort Wayne proves to be one of the most affordable housing markets in the nation according to a new report.
The Summit City jumped 29 spaces, moving to 82 from 111 out of 200 in the 2021 Best-Performing Cities Index ranking from the Milken Institute.

Community Research Institute Director Rachel Blakeman says this comes as no surprise.

Allen County Courthouse

“Low-interest rates are going to be helping folks. People who have two incomes in their household are gonna make that more attractive. It’s nice to get some positive national attention for something we’ve known about for a long time.” Blakeman explained.

Housing affordability is what sets us apart.

Affordability is gauged not on how low homes are selling or renting for, rather on individuals paying less than 30 percent of their income on housing costs.

“We came in at the third most affordable of the 200 largest metros in the country - that’s a pretty impressive metric,” Blakeman said. 

Realtor Patrick Harris says it’s not all it’s cracked up to be.

His clients get the idea that housing is so affordable in our city. He says compared to other cities, it is, but that’s doesn’t do the full picture justice.

“It doesn’t take into account the housing crunch that we’re in with low inventory. You get a lot of very mixed up expectations as far as what Fort Wayne can offer a person and what it can’t base on housing prices, availability, negations on getting a deal accepted.”

The conflicting landscape can be hard for new homebuyers and renters to understand. He says there are not enough properties available for the demand.

“Sellers realize they can sell their houses at top value, but then they’re gonna turn and buy another house and they’re gonna end up paying top value too. It creates a situation where sellers are looking at it and going ‘why should I sell my house now and then pay so much more to buy another house when I’m perfectly okay with where I’m at?’”

Still, Blakeman is hopeful.

“Having that housing affordability makes us very marketable and should help us attract new people to come to Fort Wayne,” she said. 

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 1084488

Reported Deaths: 17386
CountyCasesDeaths
Marion1425562217
Lake705171220
Allen64347862
Hamilton49481481
St. Joseph48135639
Elkhart39011536
Vanderburgh33874494
Tippecanoe29863271
Johnson26876463
Hendricks25548379
Porter24683380
Madison20440444
Clark19785275
Vigo18609308
LaPorte16638260
Monroe16237217
Delaware16230286
Howard16181310
Kosciusko13763162
Hancock12644184
Bartholomew12544188
Warrick11889189
Wayne11794264
Floyd11792225
Grant11484233
Morgan10134188
Boone9576120
Noble8921121
Henry8917163
Marshall8792146
Dearborn875798
Dubois8673138
Shelby7958127
Cass7907126
Lawrence7861182
DeKalb7416106
Jackson738093
Huntington7280107
Gibson6922118
Montgomery6830122
Harrison680696
Knox6779113
Steuben641185
Miami6384106
Whitley631160
Putnam626582
Clinton614176
Wabash5958108
Jasper591991
Jefferson5617102
Ripley540892
Adams527881
Daviess4964116
Scott475978
Wells462998
White459967
Greene458399
Clay452162
Decatur4491109
Jennings434666
Fayette429094
LaGrange413890
Posey398344
Washington380654
Randolph3770107
Fountain364962
Spencer353446
Fulton352270
Starke343672
Sullivan342454
Owen341676
Orange320270
Jay315450
Rush293332
Carroll287037
Franklin283544
Perry281453
Vermillion277557
Parke244930
Tipton244664
Pike241744
Blackford213944
Pulaski203158
Newton176552
Brown169850
Crawford167129
Benton160517
Martin149219
Switzerland143712
Warren131416
Union115416
Ohio90513
Unassigned0581

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1673496

Reported Deaths: 26483
CountyCasesDeaths
Franklin1757641826
Cuyahoga1629012636
Hamilton1118741528
Montgomery791421387
Summit697231199
Lucas615331017
Butler55597803
Stark521611170
Lorain40661639
Warren35239412
Mahoning34821769
Lake31171493
Clermont30541362
Delaware26553182
Trumbull26366611
Licking26095335
Medina25072351
Fairfield24063287
Greene23957369
Clark21542387
Portage20538280
Richland20465336
Wood19524246
Allen18427320
Miami16950348
Columbiana16385331
Muskingum16346206
Wayne15351304
Tuscarawas14018357
Marion12978194
Erie12350198
Ashtabula12171225
Scioto12166182
Pickaway12009151
Ross11417223
Hancock11151173
Geauga10572174
Lawrence10433171
Belmont10200231
Huron9545155
Jefferson9425225
Union933375
Sandusky8981166
Seneca8639156
Knox8591169
Washington8578156
Athens825096
Darke8215179
Ashland7777147
Auglaize7695115
Shelby7302132
Defiance7174114
Brown7015115
Crawford7010150
Fulton6953111
Logan6818108
Mercer679397
Guernsey677983
Highland6591117
Madison639289
Clinton6361106
Williams623498
Preble6153139
Putnam6054120
Jackson569496
Champaign564786
Perry557179
Coshocton5525103
Ottawa549599
Morrow504464
Fayette481270
Hardin475399
Gallia460278
Pike457876
Van Wert451591
Adams4495109
Henry422776
Hocking398093
Holmes3917137
Wyandot366673
Carroll348978
Paulding317449
Meigs300957
Monroe230860
Noble216147
Morgan208938
Harrison204052
Vinton182037
Unassigned05
Fort Wayne
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Hi: 38° Lo: 33°
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Angola
Cloudy
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Huntington
Clear
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Decatur
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Van Wert
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Feels Like: 23°
The chilly temperatures and clouds are sticking around Monday with a brief warm up midweek.
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