74 / 100

Allen County, IN

Wayne

RANK #260 / 996 NAT  ·  #14 / 28 IN  ·  POP 385,456

1YR FORECAST: +1.9%

5YR OUTLOOK: +30%

Our model projects above-average housing market growth for Allen County at +1.9% over the next year.

[01] Why Allen County?

Fort Wayne, the county seat and largest city in Allen County, Indiana, is known for its three rivers—the St. Joseph, St. Marys, and Maumee—which converge downtown and offer riverfront recreation. Located in northeastern Indiana, Allen County is within 200 miles of major metropolitan areas, making it accessible for travel, though most commutes happen within the county. The community offers a blend of urban amenities in Fort Wayne and smaller towns like New Haven and Leo-Cedarville. Outdoor enthusiasts can explore numerous parks and nature preserves, including Metea Park and Lindenwood Nature Preserve, which feature woodlands, wetlands, and trails for hiking and other activities.

Life in Allen County appeals to families and professionals, with highly rated public school systems such as Southwest Allen County Schools and Northwest Allen County Schools. The economy is experiencing growth, driven by investments in commercial, industrial, and mixed-use developments. There is also a focus on expanding infrastructure and supporting manufacturing and technology-driven companies. Recent years have seen consistent population growth, with people choosing Allen County for its opportunities and community environment.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+2.7%

Below national median

Home Prices
+2.5%

Outpacing national median

Climate & Terrain
-3.0

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Parkview Health Healthcare
    5,000+
  2. 2
    Lutheran Health Network Healthcare
    2,500+
  3. 3
    General Motors Manufacturing
  4. 4
    Fort Wayne Community Schools Education
  5. 5
    Lincoln Financial Group Finance
    1,000+
  6. 6
    City of Fort Wayne Government
  7. 7
    BFGoodrich Manufacturing
  8. 8
    Allen County Government Government
  9. 9
    Steel Dynamics Inc. Manufacturing
  10. 10
    BAE Systems Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Allen County U.S. National

The Numbers

DEMOGRAPHICS
Population
385,456
+0.95% YoY
Median Household Income
$66,222
Median Home Value
$173,600
+2.45% 12mo
Median Rent
$924
Average Annual Pay
$60,129
+4.6% YoY
Employment
197,885
+0.6% YoY
Income-to-Home-Value
0.3815
More affordable than average
Migration Inflow
1.88%
of pop. from another state
Bachelor's Degree+
30.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$257,000
Days on Market
43
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
18.0%
Listings w/ Price Drops
32.4%
Building Permits (2024)
1,861
Single-Family Permits
1,285

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.3
per 100K · nat avg 6.3
Firearm Fatalities
15.4
per 100K · nat avg 14.8
Injury Deaths
89.9
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.0
Good
Good Air Days
79%
850 of 1,077 days
Unhealthy+ Days (3yr)
7
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
40
2022
35
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,888M
TOTAL
PROJECT AMOUNT STATUS
Google Data Center Campus (Project Zodiac)
Google
$2,000M Under Construction
Electric Works
Unknown
$412M Completed
Walmart Dairy Facility
Walmart
$181M Operating
Project Gateway - Fort Wayne International Airport Enhancements (Phases I & II)
Fort Wayne International Airport
$120M Completed
The Riverfront at Promenade Park
Unknown
$90M Completed
The Lofts at Headwaters Park
Unknown
$85M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.7% 50 percentile
Population Growth +0.9% 70 percentile
Income Growth +7.8% 32 percentile
Vacancy Rate 1.2% 42 percentile
Home Price Change +2.5% 65 percentile
Rent Growth +2.9% 48 percentile
Price/Rent 12x 61 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Allen County, IN a good place to move to?

With a Boom Town Index score of 74/100, Allen County sits in the upper half of all 996 ranked counties. Employment is expanding at +0.6%, and median household income stands at $66,222 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IN.

Is Allen County affordable?

By national standards, Allen County is quite affordable. Homes here have a median value of $173,600, and the income-to-home-value ratio of 0.38 is well above the U.S. average — especially with median rent at just $924/month. Residents can generally buy a home without being cost-burdened.

Is Allen County growing or shrinking?

Allen County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of +0.6%). Home values shifted +2.5% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are many people relocating to Allen County?

Not particularly — 1.88% of Allen County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Tippecanoe County, IN 77 Marion County, IN 69 Hancock County, IN 80 LaPorte County, IN 82 St. Joseph County, IN 82 Bartholomew County, IN 66 Polk County, IA 74 Montgomery County, OH 74