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Allen County/Fort Wayne/46807

46807

ZIPSAFMR
Allen County, IN
Zillow

ZIP Investment Score

125Above average

095130300
BRFMR
Eff. Rent
0 BR$1,010$790
1 BR$1,010$910
2 BR$1,230$1,030
3 BR$1,510$1,180
4 BR$1,650$1,320
5 BR$1,897Not available
6 BR$2,182Not available
7 BR$2,509Not available
8 BR$2,886Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$1,230
Market rentUsed$1,030
Est. payment standard (90%)$1,110
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.28
1 BR
1.11
2 BR
1.19
3 BR
1.28
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46807 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46807 (Fort Wayne, IN) is $1,230 a month. That is up 11.8% from $1,100 in FY 2026. Fort Wayne 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, 46807 is tied for the 39th-highest two-bedroom rent (county range $1,010–$1,870). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46807 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46807
BedroomsFY 2027Change90–110% range
Studio$1,010+14.8%$909–$1,111
1BR$1,010+12.2%$909–$1,111
2BR$1,230+11.8%$1,107–$1,353
3BR$1,510+10.2%$1,359–$1,661
4BR$1,650+10.7%$1,485–$1,815

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46807
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,010$1,230$1,510$1,650
FY 2026$880$900$1,100$1,370$1,490
FY 2025$940$990$1,200$1,510$1,630
FY 2024$850$920$1,120$1,420$1,540
FY 2023$670$760$930$1,190$1,290

Two-bedroom rent in nearby Allen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46807
46798$1,450+17.9%
46799$1,150−6.5%
46802$1,160−5.7%
46803$1,150−6.5%
46804$1,410+14.6%
46805$1,120−8.9%
46806$1,100−10.6%
46807Current$1,230—
46808$1,170−4.9%
46809$1,040−15.4%
46814$1,870+52.0%
46815$1,210−1.6%

Questions about ZIP 46807 rents

How much will Section 8 pay for a two-bedroom in ZIP 46807?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 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 46807 in?

ZIP 46807 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 46807 for FY 2027?

The two-bedroom FMR rose 11.8%, from $1,100 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 32.3%.

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 rentFort Wayne, IN fair market rentIN statewide rentsWhat is SAFMR?Data sources