ZIP 46706 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46706 in the Fort Wayne, IN FMR area.

Fort Wayne, IN

$780Efficiency
$8301 bedroom
$1,0402 bedrooms
$1,2903 bedrooms
$1,3704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$1,025
1 bedroom$830$747$913$1,026
2 bedrooms$1,040$936$1,144$1,248
3 bedrooms$1,290$1,161$1,419$1,534
4 bedrooms$1,370$1,233$1,507$1,679

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

DeKalb County, IN

$780Efficiency
$8301 bedroom
$1,0402 bedrooms
$1,2903 bedrooms
$1,3704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$765
1 bedroom$830$747$913$814
2 bedrooms$1,040$936$1,144$1,023
3 bedrooms$1,290$1,161$1,419$1,270
4 bedrooms$1,370$1,233$1,507$1,344

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 46706

$79,128average adjusted gross income per tax return (2022)
$55,702average salaries and wages per return
10,150tax returns filed
16%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.0%
$25,000 to $50,00022.7%
$50,000 to $75,00016.3%
$75,000 to $100,00010.4%
$100,000 to $200,00017.4%
$200,000 or more5.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46706?

HUD's FY2027 Small Area FMRs for ZIP 46706 (Fort Wayne, IN) are $780 efficiency, $830 one bedroom, $1,040 two bedrooms, $1,290 three and $1,370 four bedrooms.

What payment standard can a housing authority set in ZIP 46706?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $936 to $1,144.

How affordable is rent in ZIP 46706?

Tax returns filed from ZIP 46706 reported an average adjusted gross income of $79,128 (2022). A two-bedroom unit at the Small Area FMR costs $12,480 a year, or 16% of that income.