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Allen County/Yoder/46798

46798

ZIPSAFMR
Allen County, IN
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,190$1,190
1 BR$1,190$1,190
2 BR$1,450$1,450
3 BR$1,780$1,780
4 BR$1,950$1,950
5 BR$2,243Not available
6 BR$2,579Not available
7 BR$2,966Not available
8 BR$3,411Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMRUsed$1,450
Market rentN/A
Est. payment standardN/A
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 46798 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46798 (Yoder, IN) is $1,450 a month. That is up 8.2% from $1,340 in FY 2026. Yoder is in the Fort Wayne, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 58 ZIP codes in Allen County, 46798 has the 8th-highest two-bedroom rent (county range $1,010–$1,870). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46798 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46798
BedroomsFY 2027Change90–110% range
Studio$1,190+13.3%$1,071–$1,309
1BR$1,190+8.2%$1,071–$1,309
2BR$1,450+8.2%$1,305–$1,595
3BR$1,780+5.3%$1,602–$1,958
4BR$1,950+7.7%$1,755–$2,145

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46798
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,190$1,450$1,780$1,950
FY 2026$1,050$1,100$1,340$1,690$1,810
FY 2025$1,160$1,220$1,480$1,870$2,010
FY 2024$1,030$1,120$1,360$1,720$1,870
FY 2023$820$920$1,130$1,440$1,570

Two-bedroom rent in nearby Allen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46798
46788$1,290−11.0%
46797$1,260−13.1%
46798Current$1,450—
46799$1,150−20.7%
46802$1,160−20.0%
46803$1,150−20.7%
46804$1,410−2.8%
46805$1,120−22.8%
46806$1,100−24.1%
46807$1,230−15.2%
46808$1,170−19.3%
46809$1,040−28.3%

Questions about ZIP 46798 rents

How much will Section 8 pay for a two-bedroom in ZIP 46798?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,450, that basic range is $1,305 to $1,595 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 46798 in?

ZIP 46798 is in the Fort Wayne, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 46798 for FY 2027?

The two-bedroom FMR rose 8.2%, from $1,340 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 28.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentYoder, IN fair market rentIN statewide rentsWhat is SAFMR?Data sources