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Updated about 4 years ago,
Info on Fort Wayne, IN
I am very interested in feedback from people who know the Fort Wayne, IN housing market and rental market. This is one of the markets I am researching. I live out of the area and I am looking at the possibility of buying a turnkey SFH investment. Most of the homes I am currently looking at would rent for around $1,000 to $1,200 a month for fairly new (built 2009-2011) homes in (a 3 out of 5 rating) nice neighborhoods on the outskirts of Fort Wayne.
I have seen articles saying how hot the Fort Wayne area is for real estate investing. I have also seen articles about there being a lot of building for housing happening.
I am particularly interested in hearing from people who know the area about the following:
Do rentals like what I mentioned above stay rented well?
Does it seem the market is on its way up or is it more likely to have plateaued already?
What kind of industries and businesses employ people? Is it diverse?
Do you have the name of a property manager in the area that would be a good resource?
Any other information and thoughts you have about investing in this area are greatly appreciated.