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 46895 in Fort Wayne, IN, is a unique case as it primarily serves postal box addresses, leading to limited demographic data. Despite this, the area supports both business and residential activities.
The median family income for ZIP code 46895 is not directly available due to its nature as a PO Box ZIP Code. However, for the broader Fort Wayne area, the median family income is $52,141. This context can help inform investment decisions.
In terms of housing, the ZIP code 46895 does not provide direct data on home values or rent. Nevertheless, the Fair Market Rent (FMR) for a 1-bedroom apartment in ZIP code 46895 for fiscal year 2024 is set at $1090. This figure is crucial for understanding the rental market dynamics and setting expectations for potential returns on investment.
The place is suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stable FMR offers a predictable income stream. For those interested in active management, the broader Fort Wayne market presents opportunities for value-add strategies, given its median family income and the general demand for affordable housing.
Investors should consider the broader Fort Wayne market trends when making decisions about ZIP code 46895, as specific local data is sparse. The combination of stable FMRs and the city's overall economic profile suggests a balanced approach to investing in this area.
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.