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 HUD FMR is designed to reflect the rental costs of modest housing in a given area. In ZIP 46860, the FMR of $1090 per month serves as a benchmark for determining eligibility for Section 8 housing assistance. Given that the market data is not provided, we cannot calculate the exact spread between the FMR and market rents. However, if the market rents in 46860 are significantly higher than the FMR, this would indicate that properties here could serve as cash-flow anchors within a Section 8 portfolio.
A cash-flow anchor is a property that ensures consistent, reliable rental income, even if the appreciation potential is limited. The lack of specific market data suggests that the rental market in ZIP 46860 might be less volatile or competitive compared to other areas. This stability can be advantageous for landlords who prioritize steady cash flow over rapid appreciation.
Furthermore, the absence of data regarding median home values, price-cut shares, days on market (DOM), and median income makes it challenging to assess the potential for appreciation or the percentage of renters. However, the HUD FMR provides a clear guideline for the minimum acceptable rent for Section 8 tenants, ensuring a predictable income stream.
In conclusion, ZIP 46860 should be considered primarily as a cash-flow anchor within a Section 8 portfolio strategy. The HUD FMR of $1090 offers a reliable benchmark for rental income, and the stability implied by the lack of competitive market data supports the idea of steady cash flow. Landlords and investors should focus on the predictability and consistency this ZIP code offers, rather than speculative growth opportunities, until more comprehensive market data becomes available."}
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.