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 |
ZIP code 46866, located within the Fort Wayne, IN HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1090 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors who need to understand the rental landscape within their metro area.
To contextualize this, let's compare it to typical ZIP codes within the Fort Wayne, IN HUD Metro FMR Area. The FMR for the entire area is generally lower than $1090, making 46866 a premium sub-market. However, the lack of data on market rent, home value, and renter share complicates a full analysis. Typically, a ZIP code with a higher FMR but no available market rent or home value data suggests that it may be an outlier in terms of subsidized housing or other unique factors.
The absence of a renter share percentage means we cannot directly assess if there is a significant concentration of renters compared to homeowners. If the ZIP were to have a high renter share with below-average home values, it would indicate a potential sweet spot for Section 8 investments. However, without specific market rent and home value data, we can only infer that 46866 is likely to be a premium sub-market due to its elevated FMR.
Investors should consider conducting further research into the specific characteristics of ZIP 46866, such as the availability of Section 8 vouchers, the presence of subsidized housing projects, and local economic conditions. These factors will provide a clearer picture of the investment potential within this ZIP code.
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.