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Allen County/Fort Wayne/46845

46845

ZIPSAFMR
Allen County, IN
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$1,430$1,120
1 BR$1,430$1,200
2 BR$1,740$1,490
3 BR$2,140$1,890
4 BR$2,340$2,310
5 BR$2,691Not available
6 BR$3,095Not available
7 BR$3,559Not available
8 BR$4,093Not available

Purchase Price Calculator

Maximum purchase price
$159,497

Cost breakdown

+Likely effective rent$1,490
HUD FMR$1,740
Market rentUsed$1,490
Est. payment standard (91%)$1,580
-Principal and interest-$807
Loan amount$127,598
Down payment$31,899
Rate6.50%
Term30 years
-Operating costs-$483
Property taxes-$159
Insurance-$175
Utilities$0
HOA$0
Management-$149
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,035(75.3% ROI)
Projected value
$171,761
Return breakdown
Property appreciation+$12,264
Loan principal paid down+$4,572
Rental cash flow+$7,200
5-year hold
+$41,111(128.9% ROI)
Projected value
$180,456
Return breakdown
Property appreciation+$20,959
Loan principal paid down+$8,152
Rental cash flow+$12,000
10-year hold
+$88,098(276.2% ROI)
Projected value
$204,170
Return breakdown
Property appreciation+$44,673
Loan principal paid down+$19,425
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.28
1 BR
1.19
2 BR
1.17
3 BR
1.13
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46845 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46845 (Fort Wayne, IN) is $1,740 a month. That is up 10.1% from $1,580 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, 46845 has the 2nd-highest two-bedroom rent (county range $1,010–$1,870). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46845 is 60% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46845
BedroomsFY 2027Change90–110% range
Studio$1,430+12.6%$1,287–$1,573
1BR$1,430+10.0%$1,287–$1,573
2BR$1,740+10.1%$1,566–$1,914
3BR$2,140+9.2%$1,926–$2,354
4BR$2,340+8.8%$2,106–$2,574

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46845
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,430$1,430$1,740$2,140$2,340
FY 2026$1,270$1,300$1,580$1,960$2,150
FY 2025$1,310$1,370$1,660$2,090$2,260
FY 2024$1,140$1,230$1,500$1,900$2,070
FY 2023$900$1,020$1,250$1,590$1,740

Two-bedroom rent in nearby Allen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46845
46835$1,410−19.0%
46845Current$1,740—
46850$1,250−28.2%
46851$1,250−28.2%
46852$1,250−28.2%
46853$1,250−28.2%
46854$1,250−28.2%
46855$1,250−28.2%
46856$1,250−28.2%
46857$1,250−28.2%
46858$1,250−28.2%
46859$1,250−28.2%

Questions about ZIP 46845 rents

How much will Section 8 pay for a two-bedroom in ZIP 46845?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,740, that basic range is $1,566 to $1,914 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 46845 in?

ZIP 46845 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 46845 for FY 2027?

The two-bedroom FMR rose 10.1%, from $1,580 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 39.2%.

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