ZIP Code · IN

ZIP 46805

Pop. 21,437·Allen County·120th most expensive ZIP in Indiana
Median rent (all units)
$1,039/mo
Year-over-Year
+6.5%
Month-over-Month
+1.5%
vs US Median
-$893
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46805 · $1,039
More affordable than 97% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$780
1 BR
$810
2 BR
$980
3 BR
$1,220
4 BR+
$1,330
Research median
$980/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 46805 usually run 1% below trend in January and 0.6% above it in October, about $17 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 46805 is at its highest level since Zillow's records here began in March 2018.

Past year vs. the rest of Indiana

Rent in ZIP 46805 changed +6.5% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 46805 rose 46.3% while median household income rose 15.7% ($45,085 to $52,154). Rent outpaced income.

Since before the pandemic

Rent in ZIP 46805 is 55.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 12 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($52,154) is $1,304 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,220); a 4-bedroom is $1,330.

Rank in Fort Wayne

4th cheapest of 9 ZIP codes in Fort Wayne.

Cheaper nearby

ZIP 46806, 4 miles away, rents for 12% less ($919/mo), about $1,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46805. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$12,468/yr
At $1,039/mo median
Location
StateIN
CountyAllen County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.5% YoY, +1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 46805 (Fort Wayne, IN) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 30.2% of residents hold a bachelor's degree or higher.

Population
21,437
Median income
$52,154
Median age
34.3
Renters
42.6%
Age distribution
20.9%
30.6%
22.6%
15.5%
Under 1820.9%
18–3430.6%
35–5422.6%
55–6410.3%
65+15.5%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
75%
White75%
Black9.9%
Hispanic6.6%
Asian3.8%
Other4.7%
Education (25+)
29.2%
33.2%
30.2%
No HS diploma7.4%
HS diploma29.2%
Some college33.2%
Bachelor's+30.2%
Housing tenure
57.4%
42.6%
Owner57.4%
Renter42.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 46805 in Fort Wayne, IN has changed in 5 years

Rent
$754 → $1,039
up 37.8%
Income
$46,540 → $52,154
up 12.1%
Population
22,309 → 21,437
down 3.9%
Renter share
44.2% → 42.6%
-1.6 pts
Bachelor's+
24.6% → 30.2%
+5.6 pts
Median age
35.2 → 34.3
-0.9 yrs

Rent in ZIP 46805 in Fort Wayne, IN has climbed 37.8% since 2021, going from about $754 per month to roughly $1,039 today. On the earnings side, the typical household in ZIP 46805 in Fort Wayne, IN now reports about $52,154, up from $46,540 in 2021. Rent outpaced income growth by roughly 25.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 22,309 to 21,437 between 2021 and 2024, a 3.9% change. About 42.6% of households rent today, against 44.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 24.6% to 30.2%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 46805 in Fort Wayne, IN reflects that arc in its own way.

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About renting in ZIP 46805

Last updated: October 17, 2026

ZIP code 46805 covers Fort Wayne, IN. The median rent here is $1,039/mo as of October 2026. A 1-bedroom rents for a median of $810/mo. A 2-bedroom rents for a median of $980/mo.

At 24% of local median household income ($52,154/yr), ZIP 46805 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46805?

To keep rent at or below 30% of gross income, you would need to earn at least $42,000/year (about $20/hour full-time) to afford the median rent of $1,039/mo in ZIP 46805. The local median household income is $52,154/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46805?

Rent in ZIP 46805 has risen 6.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2018.

When is the cheapest time to rent in ZIP 46805?

Asking rents in ZIP 46805 are usually lowest in January, about 1% below their yearly trend, and highest in October, about 0.6% above it. At today's median that is a gap of roughly $17 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 46805?

Yes. From 2019 to 2024, rent in ZIP 46805 rose 46.3% while median household income rose 15.7%, from $45,085 to $52,154. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 46805 compare to other ZIPs in Indiana?

ZIP 46805 is one of the more affordable among Indiana ZIP codes for rent, ranking #120 of 139 at $1,039/mo. Over the year to September 2026, rent in ZIP 46805 changed +6.5%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.

How does ZIP 46805 compare to the rest of Fort Wayne?

At $1,039/mo, ZIP 46805 is $218 below the Fort Wayne citywide median of $1,257/mo. It is the 4th cheapest of 9 ZIP codes in Fort Wayne.
Income Affordability
24%
VERY AFFORDABLE

At $1,039/mo, rent takes ~24% of ZIP 46805's median household income ($52,154/yr). The standard benchmark is 30%.

ZIP 46805 24%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46805 (Fort Wayne, IN)

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