Location: Fort Wayne, IN | Metro: Fort Wayne, IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
The ZIP code 46852 in Unknown, Indiana, presents a market in motion, characterized by the Fixed Monthly Rent (FMR) set at $1090 for the fiscal year 2024. This figure is indicative of the federal government's benchmark for affordable housing, specifically under the Section 8 program. While the market rent is currently unavailable, the absence of this data suggests a lack of comprehensive reporting on rental rates within the area, which could be due to limited rental inventory or less frequent transactions.
The N/A% price-cut share and N/A-day Days on Market (DOM) indicate that there isn't sufficient data to determine the typical rate at which rental properties are discounted or the average duration they remain on the market before being leased. These missing metrics make it challenging to assess whether supply is currently outpacing demand or vice versa. However, the combination of an established FMR and the lack of other critical data points might suggest that the rental market in ZIP 46852 is somewhat stable but lacks significant activity to generate reliable trends.
The median home value is also not available, which means we cannot directly compare the rental market to the homeownership market. However, the N/A% renter share provides insight into the dynamics of housing pressure. A high percentage of renters typically indicates long-term housing pressure, as it suggests a significant portion of the population relies on rental housing rather than owning homes. The unavailability of this statistic implies that either the data is sparse, or the balance between renters and homeowners is relatively even, reducing immediate long-term housing pressure.
In summary, ZIP 46852 appears to be a market where the rental sector is defined by a clear affordability benchmark but lacks detailed metrics to fully understand the supply-demand relationship or the comparative strength of the homeownership market. Landlords and small-portfolio investors should proceed with caution, leveraging the known FMR while remaining vigilant for emerging trends that could impact the local rental landscape.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.