ZIP 46723 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46723 in the Fort Wayne, IN FMR area.

Fort Wayne, IN

$820Efficiency

$8301 bedroom

$1,0102 bedrooms

$1,2403 bedrooms

$1,4204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$1,025
1 bedroom	$830	$747	$913	$1,026
2 bedrooms	$1,010	$909	$1,111	$1,248
3 bedrooms	$1,240	$1,116	$1,364	$1,534
4 bedrooms	$1,420	$1,278	$1,562	$1,679

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

Noble County, IN

$820Efficiency

$8301 bedroom

$1,0102 bedrooms

$1,2403 bedrooms

$1,4204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$765
1 bedroom	$830	$747	$913	$782
2 bedrooms	$1,010	$909	$1,111	$1,023
3 bedrooms	$1,240	$1,116	$1,364	$1,219
4 bedrooms	$1,420	$1,278	$1,562	$1,710

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

Income in ZIP 46723

$72,471average adjusted gross income per tax return (2022)

$53,517average salaries and wages per return

3,750tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	26.7%
$25,000 to $50,000	22.4%
$50,000 to $75,000	16.5%
$75,000 to $100,000	11.7%
$100,000 to $200,000	18.1%
$200,000 or more	4.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 9.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46723?

HUD's FY2027 Small Area FMRs for ZIP 46723 (Fort Wayne, IN) are $820 efficiency, $830 one bedroom, $1,010 two bedrooms, $1,240 three and $1,420 four bedrooms.

What payment standard can a housing authority set in ZIP 46723?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 46723?

Tax returns filed from ZIP 46723 reported an average adjusted gross income of $72,471 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 17% of that income.