46808, Fort Wayne, IN

Fort Wayne, Indiana is a city located in the northeastern region of the United States. The city is also the county seat of Allen County and is part of the Fort Wayne metropolitan area. As of the 2010 census, the population was 260,521. The 46808 zip code covers much of eastern Fort Wayne and has a population density of 2,000 people per square mile. Home equity in this zip code has increased significantly over the past decade as home prices have increased by an average of 20%. In 2006, home equity in this zip code was $94,000 while it was $158,000 in 2016. This increase can be attributed to several factors including an improving economy and low interest rates.

The median home value in this zip code is $137,500 which is higher than both the national median home value ($123,600) and Allen County’s median home value ($128,900). Additionally, this zip code has a lower percentage of homeownership (68%) than both Indiana (74%) and Allen County (72%). This indicates that there are more renters than homeowners in this zip code.

The main drivers behind increasing home values are an improving economy and low interest rates. Since 2006 when home equity was $94K homes have appreciated an average 20%. Low interest rates have made it easier for buyers to afford homes while also making it more profitable for sellers to sell their homes. In addition to these two factors there are other reasons why prices may have increased such as new construction or remodeling projects that may add value to a property or relocation opportunities where people may choose to buy a house closer to work or school due to rising costs elsewhere within metro area