ZIP Code · IN

ZIP 46808

Pop. 19,684·Allen County·115th most expensive ZIP in Indiana
Median rent (all units)
$1,069/mo
Year-over-Year
+4.1%
Month-over-Month
+0.8%
vs US Median
-$863
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46808 · $1,069
More affordable than 96% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$860
2 BR
$1,040
3 BR
$1,290
4 BR+
$1,410
Research median
$1,040/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 46808 is 0.1% below its high of $1,070 in July 2026, at $1,069 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46808 changed +4.1% 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 8 of the last 12 months.

What a typical income covers

30% of the median household income ($53,359) is $1,334 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,290); a 4-bedroom is $1,410.

Rank in Fort Wayne

6th cheapest of 9 ZIP codes in Fort Wayne.

Cheaper nearby

ZIP 46806, 6 miles away, rents for 14% less ($919/mo), about $1,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46808. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$12,828/yr
At $1,069/mo median
Location
StateIN
CountyAllen County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.1% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 46808 (Fort Wayne, IN) is majority owner-occupied, has a median income below the national average, 18.2% of residents hold a bachelor's degree or higher.

Population
19,684
Median income
$53,359
Median age
35.6
Renters
39.4%
Age distribution
22.1%
26.9%
24.4%
13.3%
13.3%
Under 1822.1%
18–3426.9%
35–5424.4%
55–6413.3%
65+13.3%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
72.3%
13.3%
White72.3%
Black9%
Hispanic13.3%
Asian2.1%
Other3.3%
Education (25+)
38.3%
31.8%
18.2%
No HS diploma11.7%
HS diploma38.3%
Some college31.8%
Bachelor's+18.2%
Housing tenure
60.6%
39.4%
Owner60.6%
Renter39.4%

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

2023 vs 2026

How ZIP 46808 in Fort Wayne, IN has changed in 5 years

Rent
$892 → $1,069
up 19.8%
Income
$46,708 → $53,359
up 14.2%
Population
19,433 → 19,684
up 1.3%
Renter share
37.3% → 39.4%
+2.1 pts
Bachelor's+
18.2% → 18.2%
+0.0 pts
Median age
36.2 → 35.6
-0.6 yrs

Since 2023, the typical rent in ZIP 46808 in Fort Wayne, IN has climbed from $892 to $1,069, a 19.8% change over five years. Census figures show median household income at $53,359 today, compared with $46,708 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.3% since 2021, moving from about 19,433 residents to roughly 19,684. Renters now make up 39.4% of households, compared with 37.3% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

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About renting in ZIP 46808

Last updated: October 17, 2026

ZIP code 46808 covers Fort Wayne, IN. The median rent here is $1,069/mo as of October 2026. A 1-bedroom rents for a median of $860/mo. A 2-bedroom rents for a median of $1,040/mo.

At 24% of local median household income ($53,359/yr), ZIP 46808 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46808?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (about $21/hour full-time) to afford the median rent of $1,069/mo in ZIP 46808. The local median household income is $53,359/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46808?

Rent in ZIP 46808 has risen 4.1% over the past year as of September 2026. It sits 0.1% below its high of $1,070 in July 2026.

How does ZIP 46808 compare to other ZIPs in Indiana?

ZIP 46808 is one of the more affordable among Indiana ZIP codes for rent, ranking #115 of 139 at $1,069/mo. Over the year to September 2026, rent in ZIP 46808 changed +4.1%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.

How does ZIP 46808 compare to the rest of Fort Wayne?

At $1,069/mo, ZIP 46808 is $188 below the Fort Wayne citywide median of $1,257/mo. It is the 6th cheapest of 9 ZIP codes in Fort Wayne.
Income Affordability
24%
VERY AFFORDABLE

At $1,069/mo, rent takes ~24% of ZIP 46808's median household income ($53,359/yr). The standard benchmark is 30%.

ZIP 46808 24%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46808 (Fort Wayne, IN)

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