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Allen County, IN

RANK #402 / 996  ·  POP 385,456  ·  IN

PROJECTED GROWTH: +1.1%

Allen County sits in the middle of the pack — stable but not accelerating.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Allen County has a Boom Town Index score of 60/100, ranking #402 among 996 U.S. counties. With job growth at +0.6% and a median household income of $66,222, it's an above-average county on economic indicators.

Is Allen County affordable?

The median home value in Allen County is $173,600 with median rent at $924/month. The income-to-home-value ratio is 0.3815, which is more affordable than the national average.

Is Allen County growing or shrinking?

Population growth: +0.9% year-over-year. Job growth: +0.6%. Home values changed +2.5% in the past 12 months.

[08] Similar Metros

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