ZIP 46787 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46787 in the Fort Wayne, IN FMR area.

Fort Wayne, IN

$830Efficiency

$8301 bedroom

$1,0202 bedrooms

$1,2503 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$1,025
1 bedroom	$830	$747	$913	$1,026
2 bedrooms	$1,020	$918	$1,122	$1,248
3 bedrooms	$1,250	$1,125	$1,375	$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.

Huntington County, IN

$830Efficiency

$8301 bedroom

$1,0202 bedrooms

$1,2503 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$759
1 bedroom	$830	$747	$913	$781
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,250	$1,125	$1,375	$1,311
4 bedrooms	$1,370	$1,233	$1,507	$1,634

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

Kosciusko County, IN

$830Efficiency

$8301 bedroom

$1,0202 bedrooms

$1,2503 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$882
1 bedroom	$830	$747	$913	$888
2 bedrooms	$1,020	$918	$1,122	$1,162
3 bedrooms	$1,250	$1,125	$1,375	$1,410
4 bedrooms	$1,370	$1,233	$1,507	$1,527

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

Wabash County, IN

$830Efficiency

$8301 bedroom

$1,0202 bedrooms

$1,2503 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$759
1 bedroom	$830	$747	$913	$775
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,250	$1,125	$1,375	$1,208
4 bedrooms	$1,370	$1,233	$1,507	$1,348

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

Income in ZIP 46787

$60,915average adjusted gross income per tax return (2022)

$45,472average salaries and wages per return

1,890tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.6%
$25,000 to $50,000	23.8%
$50,000 to $75,000	16.4%
$75,000 to $100,000	12.2%
$100,000 to $200,000	14.8%
$200,000 or more	3.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46787?

HUD's FY2027 Small Area FMRs for ZIP 46787 (Fort Wayne, IN) are $830 efficiency, $830 one bedroom, $1,020 two bedrooms, $1,250 three and $1,370 four bedrooms.

What payment standard can a housing authority set in ZIP 46787?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 46787?

Tax returns filed from ZIP 46787 reported an average adjusted gross income of $60,915 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 20% of that income.