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Fort Wayne housing market booming

Associate broker, Sal Soto, says Fort Wayne is one of the top ten hottest cities to live and work.

Posted: Jan 7, 2018 8:27 PM
Updated: Jan 8, 2018 3:11 AM

FORT WAYNE, Ind. (WFFT)- The rapid development we've seen recently is bringing more jobs and people to the Summit City. Some people told WFFT they've waited years to get into the neighborhoods of their choice.

"We have been trying to get into this neighborhood for quite some time. It was just an opportunity we did not want to pass up," said Melissa George.

Melissa George and her family are one of several that found their dream home in Fort Wayne. George waited two years to get into the Historic Southwood Park neighborhood.

"It's going to have so many other new things that I'm excited about like the GE project and there's some other things that are already here, some of the restaurants like Trubble Brewing and things like that," George said.

Sal Soto said with the investment we've seen and growth of companies, Fort Wayne is a hot spot for home buyers.

"Our city is growing and we're really getting a lot of new home buyers and a lot of folks looking to move to Fort Wayne," Soto said.

Those buyers may have to put up a fight, though. Soto said the Georges are lucky to find a home in their budget near the southwest side.

"Southwest Allen County and Northwest Allen County are two of the really up and coming areas, and again it's related to the healthcare systems that are anchoring those parts of the city," he said.

The areas are in such high demand that companies like Lancia are building homes just outside the city.

"We're actually at the beginning of this real, big growth trend and I think with the economy where it's at, the interest rates being as low as they have been historically, and we still have at least a few more years of those low interest rates. I believe that's one of the reasons why we're having such a great market," Soto said.

So, whether you're looking for your perfect neighborhood, downsizing, or a first time buyer, now is the time. How much will a home run you in the Summit City?

"Around $130,000, plus or minus, and that's just for an average starter home in Fort Wayne," Soto said.

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 74328

Reported Deaths: 3041
CountyConfirmedDeaths
Marion15860725
Lake7570275
Elkhart484384
Allen3902163
St. Joseph350081
Hamilton2763104
Vanderburgh196313
Hendricks1887108
Cass17959
Johnson1757118
Porter131639
Clark123347
Tippecanoe121111
Madison97965
LaPorte91130
Howard89065
Kosciusko85212
Bartholomew79347
Marshall78422
Floyd77946
Monroe75630
Delaware73052
Dubois69612
Boone67846
Noble67829
Hancock66038
Vigo65110
Jackson5865
Warrick58130
LaGrange55910
Shelby55327
Grant52630
Dearborn50828
Morgan47634
Clinton4343
Henry38320
Wayne37710
White36910
Montgomery35421
Lawrence34627
Harrison33823
Decatur33732
Putnam2888
Miami2742
Daviess27320
Scott26810
Greene25034
Jasper2432
Franklin24214
DeKalb2324
Gibson2254
Jennings22512
Steuben2103
Ripley2087
Carroll1912
Fayette1897
Perry18612
Starke1787
Orange17124
Posey1710
Wabash1693
Fulton1682
Wells1682
Jefferson1632
Knox1540
Whitley1526
Washington1401
Tipton13810
Spencer1363
Sullivan1261
Huntington1223
Randolph1224
Clay1215
Newton11810
Adams1012
Jay910
Owen901
Pulaski831
Rush804
Fountain742
Brown731
Ohio655
Blackford642
Benton610
Pike530
Switzerland520
Vermillion520
Parke511
Crawford450
Martin450
Union410
Warren221
Unassigned0206

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 100848

Reported Deaths: 3669
CountyConfirmedDeaths
Franklin18317524
Cuyahoga13514499
Hamilton9643255
Lucas5348323
Montgomery436294
Summit3555222
Butler292963
Marion292545
Mahoning2554255
Pickaway238742
Stark1827139
Warren178939
Lorain177078
Columbiana165860
Trumbull1524106
Fairfield138732
Delaware130119
Licking128149
Clark114614
Lake111438
Wood104358
Clermont93311
Medina92335
Miami83938
Tuscarawas78214
Portage75861
Allen74044
Greene69012
Belmont62126
Mercer61213
Richland60412
Erie57527
Ashtabula56946
Geauga55644
Wayne53958
Ross4844
Huron3965
Darke39529
Ottawa38626
Hancock3783
Sandusky37716
Madison37410
Athens3571
Holmes3286
Lawrence2830
Auglaize2546
Union2511
Muskingum2361
Jefferson2292
Scioto2261
Seneca2143
Knox2057
Putnam20517
Preble2032
Washington20322
Shelby1944
Coshocton1936
Champaign1762
Crawford1745
Morrow1702
Hardin16512
Clinton1646
Highland1581
Logan1552
Fulton1481
Wyandot1468
Ashland1443
Defiance1444
Williams1353
Perry1303
Brown1292
Hocking1189
Guernsey1177
Henry1172
Fayette1130
Carroll1115
Monroe9318
Pike760
Jackson740
Van Wert711
Paulding690
Gallia651
Adams612
Meigs400
Vinton312
Harrison261
Morgan260
Noble160
Unassigned00
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