ZIP 46788 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46788 in the Fort Wayne, IN FMR area.

Fort Wayne, IN

$1,030Efficiency
$1,0501 bedroom
$1,2902 bedrooms
$1,5903 bedrooms
$1,7304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,030$927$1,133$1,025
1 bedroom$1,050$945$1,155$1,026
2 bedrooms$1,290$1,161$1,419$1,248
3 bedrooms$1,590$1,431$1,749$1,534
4 bedrooms$1,730$1,557$1,903$1,679

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

DeKalb County, IN

$1,030Efficiency
$1,0501 bedroom
$1,2902 bedrooms
$1,5903 bedrooms
$1,7304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,030$927$1,133$765
1 bedroom$1,050$945$1,155$814
2 bedrooms$1,290$1,161$1,419$1,023
3 bedrooms$1,590$1,431$1,749$1,270
4 bedrooms$1,730$1,557$1,903$1,344

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

Income in ZIP 46788

$102,025average adjusted gross income per tax return (2022)
$57,281average salaries and wages per return
1,510tax returns filed
15%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.5%
$25,000 to $50,00016.6%
$50,000 to $75,00013.2%
$75,000 to $100,00011.3%
$100,000 to $200,00022.5%
$200,000 or more9.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46788?

HUD's FY2027 Small Area FMRs for ZIP 46788 (Fort Wayne, IN) are $1,030 efficiency, $1,050 one bedroom, $1,290 two bedrooms, $1,590 three and $1,730 four bedrooms.

What payment standard can a housing authority set in ZIP 46788?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,161 to $1,419.

How affordable is rent in ZIP 46788?

Tax returns filed from ZIP 46788 reported an average adjusted gross income of $102,025 (2022). A two-bedroom unit at the Small Area FMR costs $15,480 a year, or 15% of that income.