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Wells County/Fort Wayne/46819

46819

ZIPSAFMR
Wells County, IN
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$980$830
1 BR$980$960
2 BR$1,190$950
3 BR$1,460$1,260
4 BR$1,600$1,330
5 BR$1,840Not available
6 BR$2,116Not available
7 BR$2,433Not available
8 BR$2,798Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMR$1,190
Market rentUsed$950
Est. payment standard (90%)$1,070
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.18
1 BR
1.02
2 BR
1.25
3 BR
1.16
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46819 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46819 (Fort Wayne, IN) is $1,190 a month. That is up 9.2% from $1,090 in FY 2026. Fort Wayne is in the Wells County, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 21 ZIP codes in Wells County, 46819 is tied for the 3rd-highest two-bedroom rent (county range $1,010–$1,450). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46819 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46819
BedroomsFY 2027Change90–110% range
Studio$980+12.6%$882–$1,078
1BR$980+8.9%$882–$1,078
2BR$1,190+9.2%$1,071–$1,309
3BR$1,460+8.1%$1,314–$1,606
4BR$1,600+8.1%$1,440–$1,760

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46819
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$980$1,190$1,460$1,600
FY 2026$870$900$1,090$1,350$1,480
FY 2025$940$980$1,190$1,500$1,620
FY 2024$830$900$1,100$1,390$1,510
FY 2023$660$750$920$1,170$1,280

Two-bedroom rent in nearby Wells County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46819
46759$1,020−14.3%
46766$1,060−10.9%
46770$1,030−13.4%
46777$1,1900.0%
46778$1,050−11.8%
46781$1,010−15.1%
46783$1,060−10.9%
46791$1,260+5.9%
46792$1,140−4.2%
46798$1,450+21.8%
46799$1,150−3.4%
46819Current$1,190—

Questions about ZIP 46819 rents

How much will Section 8 pay for a two-bedroom in ZIP 46819?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 46819 in?

ZIP 46819 is in the Wells County, 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 46819 for FY 2027?

The two-bedroom FMR rose 9.2%, from $1,090 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 29.3%.

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