What is the rental yield in Papermill Bluffs, Fort Wayne, Indiana?

Papermill Bluffs, Fort Wayne, Indiana has a gross yield of 6.5. That yield sits alongside prices about 9% above the city median and a 7.5% rise over the past year, with a Red Flag score of 58. It is a yield-led profile rather than a low-risk one.

How does Papermill Bluffs compare with Fort Wayne, Indiana?

Papermill Bluffs, Fort Wayne, Indiana is priced about 9% above the Fort Wayne median and has gross yield of 6.5. The neighborhood also shows a 7.5% price increase over the past year, a Red Flag score of 58, walkability of 72, and education in the 41st percentile.

What are the walkability and school scores in Papermill Bluffs, Fort Wayne, Indiana?

Papermill Bluffs, Fort Wayne, Indiana has walkability of 72 and education in the 41st percentile. Those scores suggest stronger day-to-day access than the school-test-score percentile, while the Red Flag score of 58 and gross yield of 6.5 provide the main risk and income context.

Neighborhood

Papermill Bluffs

Fort Wayne, Indiana US

Papermill Bluffs, Fort Wayne, Indiana offers a moderate-income investment profile with gross yield of 6.5 and prices about 9% above the city median and in line with the state median. Prices are up 7.5% over the past year, while the Red Flag score is 58. Walkability is 72 and education is in the 41st percentile, pairing a stronger access score with a middling school-test-score percentile.

AI Summary•Updated May 2026

Area

0.07 mi²

ZIP Code

46825

County

Allen County

State

Indiana

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$259,923

YoY+7.5%

Gross Rental Yield

6.5%

Listed rent · ZORI annualized

Red Flag Index

Moderate

58 / 100

Walkability Score

Very Walkable

OpenStreetMap POI density · national percentile

Education Score

41 / 100

Fair · better than 41% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Papermill Bluffs Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Papermill Bluffs, Fort Wayne.

Unlock the Papermill Bluffs 12-month price trend

See the full Verified vs Listed price history — free with a DistrictScore account.

Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$259,923	+7.5%
Price / Sq Ft (Verified)	$166/sqft	+12.0%
Asking Rent (Median)	$1,401/mo	+4.6%
Gross Rental Yield	6.5%	—
Liquidity Score	30 / 100	Low
Homes Sold (Period)	88	-22.8%

Is Papermill Bluffs Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Indiana crime context.

Red Flag Breakdown

58 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Strong Wind100Very High

Tornado80Very High

Flood60High

Wildfire60High

Hail60High

Hurricane40Moderate

Earthquake40Moderate

Heat40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Indiana averaged 16.9 crimes and 3.1 violent per 1,000 residents (-9.4% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

Unlock the full risk report for Papermill Bluffs

Tract-level hazard heatmap & parcel detail with Pro

Unlock the Papermill Bluffs hazard breakdown

See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 6.5%

Appreciating market — +7.5% sale-price YoY

Highly walkable neighborhood — score 72/100

Active transaction volume — 88 homes sold last period

Strong Wind risk is Very High (100/100)

Tornado risk is Very High (80/100)

Insights are generated from Papermill Bluffs's live DistrictScore metrics.

Papermill Bluffs Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Indiana-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.4 µg/m³ Meets EPA, above WHO guideline-25.3% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Papermill Bluffs centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 63% of U.S. neighborhoods.

Indiana Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	3.1	-9.4%
2023	18.8	3.4	+3.3%
2022	18.3	3.1	-2.6%
2021	18.9	3.3	-11.2%
2020	21.4	3.6	-7.4%
2019	23.2	3.7	—

Reported at the state level — the finest official US crime aggregation; Papermill Bluffs inherits the Indiana figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Papermill Bluffs

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Papermill Bluffs

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

72

Very Walkable

Walkability Score

1

Grocery

2

Dining

1

Schools

0

Universities

0

Hospitals

1

Pharmacies

1

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Papermill Bluffs's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Papermill Bluffs vs Fort Wayne vs Indiana

How Papermill Bluffs benchmarks against its city and state medians.

Benchmark vs City & State

Across Papermill Bluffs, the median sale price sits about 9% above the median for Fort Wayne neighborhoods and in line with the statewide median. Gross rental yield is 6.5%, against 6.6% for Fort Wayne neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 7.5%. Transaction liquidity sits below the median for Fort Wayne neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Papermill Bluffs	$166/sqft	6.5%	30
Fort Wayne	$152/sqft	6.6%	32
Indiana	$166/sqft	6.2%	33

Unlock the Papermill Bluffs benchmark

Compare Papermill Bluffs against Fort Wayne and Indiana medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Indiana tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 3.0%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: none statewide (local tax may apply).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Indiana property-tax guidance for foreign buyers

Latest Fort Wayne Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Papermill Bluffs Real Estate FAQ

Papermill Bluffs, Fort Wayne, Indiana shows a balanced profile with gross yield of 6.5 and prices about 9% above the city median and in line with the state median. Prices are up 7.5% over the past year, while the Red Flag score is 58, so the numbers point to both momentum and moderate risk.

Neighborhoods near Papermill Bluffs

Compare Papermill Bluffs with nearby neighborhoods in Fort Wayne.

Unlock deeper insights on Papermill Bluffs

Deeper data. Smarter decisions. Stronger returns.

Full Risk Reports

Tract-level hazards

Investment Score

AI-driven analysis

Export & Reports

PDF & Excel

Priority Support

Fast-track help

Get Pro Access7-day free trial. Cancel anytime.