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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Fort Wayne offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Fort Wayne delivers a compelling entry point for short-term rental investors, pairing an average home value of $358,788 with above-average occupancy stability compared to the broader Indiana market. With 266 active Airbnb listings generating an average annual revenue of $17,415 and occupancy running at 42% — well above the 32% state average — the market rewards operators who price competitively. The city's affordable acquisition costs and steady midweek demand create a favorable revenue-to-price dynamic that larger, pricier Indiana markets struggle to match.
According to Rabbu market data, the Fort Wayne short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 266 |
| Average Daily Rate (ADR) | vs. $290 state avg. | $123 |
| Average Occupancy Rate | vs. 32% state avg. | 42% |
| RevPAN | ADR * Occupancy Rate | $52 |
| Average Monthly Revenue | Historical 12-month average | $1,451 |
| Average Annual Revenue | Historical 12-month average | $17,415 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Investors are drawn to Fort Wayne for its favorable occupancy-to-price ratio, where affordable home values amplify the yield potential of even moderate nightly rates.
Key investment factors
"Fort Wayne earns an Attractive Opportunity designation, driven by solid occupancy stability and a revenue-to-price ratio that sits at the market average — notable given how affordable entry prices are here. Seasonality is meaningful: June and July revenues nearly double the February low, so cash-flow planning should account for a roughly $850 monthly swing between peak and trough. The supply side remains balanced, with 266 active listings spread fairly evenly across one- to three-bedroom properties, leaving room for well-positioned larger homes to command outsized returns. Investors who pair competitive pricing with the amenities guests expect — parking, kitchens, self check-in — are best positioned to capture the market's upside."
— Rabbu Market Analysis Team
Fort Wayne shows clear seasonality, with June ($1,841) and July ($1,829) delivering peak revenue while February ($984) marks the annual low — a spread of roughly $860 between best and worst months. Investors should expect a strong summer ramp starting in April and gradual tapering through fall, with winter months requiring tighter expense management.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,107 |
| February |
|
$984 |
| March |
|
$1,192 |
| April |
|
$1,425 |
| May |
|
$1,671 |
| June |
|
$1,841 |
| July |
|
$1,829 |
| August |
|
$1,644 |
| September |
|
$1,509 |
| October |
|
$1,497 |
| November |
|
$1,339 |
| December |
|
$1,370 |
One-bedroom units lead the supply count at 92 listings, closely followed by two-bedrooms (84) and three-bedrooms (70), while studios (7) and four-bedrooms (9) are far less represented. The limited four-bedroom inventory could signal an opportunity for investors willing to target larger properties with less direct competition.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
7 |
| 1 bedroom |
|
92 |
| 2 bedrooms |
|
84 |
| 3 bedrooms |
|
70 |
| 4 bedrooms |
|
9 |
ADR scales sharply with size in Fort Wayne — four-bedroom properties command $243 per night versus just $78 for one-bedrooms, representing a 3x premium. The most pronounced jump occurs between two-bedrooms ($108) and three-bedrooms ($175), suggesting that the extra bedroom significantly expands the addressable guest pool willing to pay more.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$77 |
| 1 bedroom |
|
$78 |
| 2 bedrooms |
|
$108 |
| 3 bedrooms |
|
$175 |
| 4 bedrooms |
|
$243 |
Three-bedroom properties deliver the strongest RevPAN at $72, edging out four-bedrooms at $69 despite the latter's higher ADR, largely because three-bedrooms maintain better occupancy. Studios and one-bedrooms lag at $32 and $36 respectively, underscoring that mid-size properties strike the best balance between rate and fill rate in this market.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$32 |
| 1 bedroom |
|
$36 |
| 2 bedrooms |
|
$44 |
| 3 bedrooms |
|
$72 |
| 4 bedrooms |
|
$69 |
One-bedroom listings lead occupancy at 47%, while studios, two-bedrooms, and three-bedrooms cluster around 41–42%. Four-bedroom properties trail at 29%, suggesting that the higher nightly rate comes with a meaningful trade-off in booking frequency — investors in larger homes should anticipate more vacant nights.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
42% |
| 1 bedroom |
|
47% |
| 2 bedrooms |
|
41% |
| 3 bedrooms |
|
41% |
| 4 bedrooms |
|
29% |
Four-bedroom properties top monthly revenue at $2,233, with three-bedrooms close behind at $2,038, while one-bedrooms bring in just $1,016 per month. The jump from two-bedroom ($1,318) to three-bedroom revenue is substantial enough to warrant the added investment for investors targeting stronger monthly cash flow.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$1,175 |
| 1 bedroom |
|
$1,016 |
| 2 bedrooms |
|
$1,318 |
| 3 bedrooms |
|
$2,038 |
| 4 bedrooms |
|
$2,233 |
At $26,797 annually, four-bedroom properties generate more than double the revenue of one-bedrooms ($12,193), though three-bedrooms at $24,464 arguably offer the best return potential given their stronger occupancy and lower acquisition cost. Studios produce $14,107 — surprisingly competitive with one-bedrooms — likely aided by their scarcity in the market.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$14,107 |
| 1 bedroom |
|
$12,193 |
| 2 bedrooms |
|
$15,822 |
| 3 bedrooms |
|
$24,464 |
| 4 bedrooms |
|
$26,797 |
Parking (98%) and kitchens (95%) are virtually table-stakes in Fort Wayne, while self check-in (89%) has become the dominant operational standard. The prevalence of workspaces (65%) signals meaningful business and extended-stay demand, and investors who add differentiating amenities like pet-friendliness (currently 35%) or pools (only 3%) could capture underserved guest segments.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
95% |
| Self Check-in |
|
89% |
| Washer |
|
74% |
| Dryer |
|
70% |
| Workspace |
|
65% |
| Backyard |
|
62% |
| Patio or Balcony |
|
47% |
| Outdoor Furniture |
|
45% |
| Pets |
|
35% |
| BBQ Grill |
|
26% |
| Gym |
|
5% |
| EV Charger |
|
4% |
| Pool |
|
3% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Fort Wayne Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Fort Wayne's ROI Score of 61 out of 100 places it in the Attractive Opportunity band, anchored by above-average occupancy stability and average marks for revenue-to-price ratio, market growth, and supply/demand balance. The occupancy edge over the state average is the standout factor here — it provides a cushion that helps offset the market's moderate nightly rates. Investors should pair this data with on-the-ground regulatory research and neighborhood-level analysis to refine their underwriting before committing capital.
Understanding local STR regulations is essential before investing in Fort Wayne. Here's the current regulatory landscape:
Fort Wayne, Indiana may require short-term rental operators to obtain a business license or STR-specific permit before listing a property. Investors should verify current registration requirements directly with the City of Fort Wayne and Allen County authorities, as local rules can change.
Common restrictions that may apply in Fort Wayne include occupancy limits tied to bedroom count, minimum stay requirements, noise and nuisance ordinances, and parking provisions for guests. HOA covenants and deed restrictions can also prohibit or limit short-term rentals in certain neighborhoods, so reviewing those before purchase is essential.
Short-term rental hosts in Indiana are generally subject to state sales tax and county innkeeper's tax on stays of fewer than 30 days. Platforms like Airbnb often collect and remit some of these taxes automatically, but operators should confirm their full obligation with the Indiana Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Fort Wayne can provide current regulatory guidance.
Financing an Airbnb investment in Fort Wayne requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Fort Wayne's STR market is expected to maintain its above-average occupancy stability while modest listing growth (year-over-year active listings at 105%) keeps supply and demand roughly in balance. Seasonal patterns suggest revenue could peak in the $1,700–$1,850 range during June and July, with softer winter months bottoming near $980–$1,100. ADR may inch up 1–3% as hosts continue adding amenities that justify higher nightly rates, though investors should budget conservatively for the pronounced off-season dip. Overall demand drivers in the region appear durable enough to sustain current performance levels without significant downside risk."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.
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