Is Fort Wayne, IN a Good STR Investment in 2026?
849 active listings
Top Market
Median Price
$250,767
STR Revenue/mo
$1,937
Cap Rate
3.9%
1Y Appreciation
2.4%
Avg Nightly Rate
$107
Market Score
99.9/100
Market Overview
Fort Wayne, IN presents a strong opportunity for real estate investors in 2026, with a market score of 99.9 out of 100. The median home price sits at $250,767 with average short-term rental revenue of $1,937 per month, yielding a 3.9% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Fort Wayne average $1,937 in monthly revenue with a 71.4% occupancy rate. This translates to approximately $23,244 in annual gross revenue for a typical listing. The average nightly rate is $107.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $250,767 property, your monthly mortgage would be approximately $1,335. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$516.
The long-term rental market shows potential with median rents at $1,100 per month. Year-over-year home value appreciation of 2.4% adds equity growth to your total return.
Our Verdict
Fort Wayne ranks among the top investment markets with a score of 99.9/100. Healthy appreciation adds equity growth on top of rental income. High occupancy rates signal strong rental demand.