ZIP Code · IN

ZIP 46807

Part of Fort Wayne, IN

Pop. 16,317·Allen County·123rd most expensive ZIP in Indiana

Median rent (all units)

$1,024/mo

Year-over-Year

+7.0%

Month-over-Month

+0.4%

vs US Median

-$908

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 46807 · $1,024

More affordable than 97% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$880

1 BR

$900

2 BR

$1,100

3 BR

$1,370

4 BR+

$1,490

Research median

$1,100/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 46807 is 1.2% below its high of $1,036 in May 2026, at $1,024 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46807 changed +7.0% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($58,685) is $1,467 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,370); a 4-bedroom is $1,490.

Rank in Fort Wayne

2nd cheapest of 9 ZIP codes in Fort Wayne.

Cheaper nearby

ZIP 46806, 3 miles away, rents for 10% less ($919/mo), about $1,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46807. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,288/yr

At $1,024/mo median

Location

CityFort Wayne

StateIN

CountyAllen County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.0% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 46807 (Fort Wayne, IN) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 27.8% of residents hold a bachelor's degree or higher.

Population

16,317

Median income

$58,685

Median age

34.1

Renters

39.7%

Age distribution

29.5%

22.3%

28.9%

Under 1829.5%

18–3422.3%

35–5428.9%

55–649.5%

65+9.8%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

56.4%

12.2%

17.9%

White56.4%

Black12.2%

Hispanic17.9%

Asian2.1%

Other11.4%

Education (25+)

32.4%

31%

27.8%

No HS diploma8.8%

HS diploma32.4%

Some college31%

Bachelor's+27.8%

Housing tenure

60.3%

39.7%

Owner60.3%

Renter39.7%

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

2023 vs 2026

How ZIP 46807 in Fort Wayne, IN has changed in 5 years

Rent

$806 → $1,024

up 27.0%

Income

$54,427 → $58,685

up 7.8%

Population

15,941 → 16,317

up 2.4%

Renter share

41.7% → 39.7%

-2.0 pts

Bachelor's+

33.2% → 27.8%

-5.4 pts

Median age

30.6 → 34.1

+3.5 yrs

Across the past five years, the going rent in ZIP 46807 in Fort Wayne, IN has shifted from $806 to $1,024, up 27.0% since 2023. Median household income climbed from $54,427 to $58,685 between 2021 and 2024, a 7.8% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46807 in Fort Wayne, IN adding about 376 residents over the five-year window, up 2.4% on net. The renter share has eased from 41.7% to 39.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 33.2% to 27.8% across the same window. Taken together, the five-year picture in ZIP 46807 in Fort Wayne, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 46807

Last updated: October 17, 2026

ZIP code 46807 covers Fort Wayne, IN. The median rent here is $1,024/mo as of October 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,100/mo.

At 21% of local median household income ($58,685/yr), ZIP 46807 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46807?

To keep rent at or below 30% of gross income, you would need to earn at least $41,000/year (about $20/hour full-time) to afford the median rent of $1,024/mo in ZIP 46807. The local median household income is $58,685/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46807?

Rent in ZIP 46807 has risen 7.0% over the past year as of September 2026. It sits 1.2% below its high of $1,036 in May 2026.

How does ZIP 46807 compare to other ZIPs in Indiana?

ZIP 46807 is one of the more affordable among Indiana ZIP codes for rent, ranking #123 of 139 at $1,024/mo. Over the year to September 2026, rent in ZIP 46807 changed +7.0%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.