Section 8 Fair Market Rent (FMR) for ZIP 46855 - 2027

Location: Fort Wayne, IN | Metro: Fort Wayne, IN HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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 46855, located in Indiana, offers a stable environment for real estate investments, particularly for those interested in Section 8 housing opportunities. The area is characterized by its modest size and the presence of both rental and homeownership options, making it a viable market for landlords and small-portfolio investors.

Fair Market Rent (FMR): For the fiscal year 2024, the FMR for ZIP 46855 is set at $1090, providing a benchmark for rental rates in the area.
Market Rent: Current market rent data is not available for ZIP 46855, suggesting a lack of recent activity that could indicate either stability or a need for further investigation.
Median Home Value: Data on the median home value is not available, which could imply a diverse range of property values or a smaller sample size of homes sold recently.
Renter Share: The percentage of residents who are renters is not available, indicating a potential gap in understanding the local demand for rentals.
Days on Market (DOM): Information regarding the average number of days properties remain on the market before selling is not available, which might suggest a healthy but opaque market turnover rate.
Median Income: Data on the median income of residents in ZIP 46855 is not available, making it difficult to assess the financial capacity of potential tenants or buyers.

In summary, while ZIP 46855 presents a favorable FMR of $1090 for fiscal year 2024, the absence of key metrics such as market rent, median home value, renter share, DOM, and median income leaves significant room for uncertainty. Investors should conduct thorough due diligence, focusing on the availability of Section 8 vouchers and the overall economic health of the area to make informed decisions.

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.