ZIP 46802 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46802 in the Fort Wayne, IN FMR area.

$950Efficiency
$9501 bedroom
$1,1602 bedrooms
$1,4303 bedrooms
$1,5604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$950$855$1,045$1,025
1 bedroom$950$855$1,045$1,026
2 bedrooms$1,160$1,044$1,276$1,248
3 bedrooms$1,430$1,287$1,573$1,534
4 bedrooms$1,560$1,404$1,716$1,679

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

Income in ZIP 46802

$58,317average adjusted gross income per tax return (2022)
$43,415average salaries and wages per return
4,590tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00036.4%
$25,000 to $50,00032.5%
$50,000 to $75,00014.6%
$75,000 to $100,0006.5%
$100,000 to $200,0006.1%
$200,000 or more3.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 21.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46802?

HUD's FY2027 Small Area FMRs for ZIP 46802 (Fort Wayne, IN) are $950 efficiency, $950 one bedroom, $1,160 two bedrooms, $1,430 three and $1,560 four bedrooms.

What payment standard can a housing authority set in ZIP 46802?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,044 to $1,276.

How affordable is rent in ZIP 46802?

Tax returns filed from ZIP 46802 reported an average adjusted gross income of $58,317 (2022). A two-bedroom unit at the Small Area FMR costs $13,920 a year, or 24% of that income.