ZIP Code · IN

ZIP 46806

Part of Fort Wayne, IN

Pop. 26,425·Allen County·132nd most expensive ZIP in Indiana

Median rent (all units)

$919/mo

Year-over-Year

+3.7%

Month-over-Month

-0.7%

vs US Median

-$1,013

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 46806 · $919

More affordable than 99% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$780

1 BR

$800

2 BR

$970

3 BR

$1,200

4 BR+

$1,320

Research median

$970/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

Compared with the peak

Rent in ZIP 46806 is 2.5% below its high of $943 in June 2026, at $919 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46806 changed +3.7% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has fallen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($47,895) is $1,197 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($970); a 3-bedroom is $1,200.

Rank in Fort Wayne

1st cheapest of 9 ZIP codes in Fort Wayne.

From Zillow's monthly rent index (ZORI) for ZIP 46806. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,028/yr

At $919/mo median

Location

CityFort Wayne

StateIN

CountyAllen County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.7% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 46806 (Fort Wayne, IN) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 8.5% of residents hold a bachelor's degree or higher.

Population

26,425

Median income

$47,895

Median age

29.8

Renters

48.1%

Age distribution

30.9%

27.3%

24.8%

Under 1830.9%

18–3427.3%

35–5424.8%

55–648.2%

65+8.7%

Gender

48.3%

51.7%

Male48.3%

Female51.7%

Race & ethnicity

24.4%

38.3%

24.5%

12.6%

White24.4%

Black38.3%

Hispanic24.5%

Asian12.6%

Education (25+)

28.1%

34.5%

29%

No HS diploma28.1%

HS diploma34.5%

Some college29%

Bachelor's+8.5%

Housing tenure

51.9%

48.1%

Owner51.9%

Renter48.1%

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

2023 vs 2026

How ZIP 46806 in Fort Wayne, IN has changed in 5 years

Rent

$793 → $919

up 15.9%

Income

$34,902 → $47,895

up 37.2%

Population

23,381 → 26,425

up 13.0%

Renter share

45.4% → 48.1%

+2.7 pts

Bachelor's+

8.7% → 8.5%

-0.2 pts

Median age

31.3 → 29.8

-1.5 yrs

Compared with 2023, rent in ZIP 46806 in Fort Wayne, IN has climbed by $126 per month, settling near $919 after starting the period at $793. Local incomes tracked alongside that move, going from a median of $34,902 in 2021 to $47,895 more recently. Income growth outran rent by about 21.3 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 23,381 to 26,425 between 2021 and 2024, a 13.0% change. About 48.1% of households rent today, against 45.4% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 46806 in Fort Wayne, IN market of 2023.

Community

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About renting in ZIP 46806

Last updated: October 17, 2026

ZIP code 46806 covers Fort Wayne, IN. The median rent here is $919/mo as of October 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $970/mo.

At 23% of local median household income ($47,895/yr), ZIP 46806 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46806?

To keep rent at or below 30% of gross income, you would need to earn at least $37,000/year (about $18/hour full-time) to afford the median rent of $919/mo in ZIP 46806. The local median household income is $47,895/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46806?

Rent in ZIP 46806 has risen 3.7% over the past year as of September 2026. It sits 2.5% below its high of $943 in June 2026.

How does ZIP 46806 compare to other ZIPs in Indiana?

ZIP 46806 is one of the more affordable among Indiana ZIP codes for rent, ranking #132 of 139 at $919/mo. Over the year to September 2026, rent in ZIP 46806 changed +3.7%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.