ZIP Code · IN

ZIP 46816

Part of Fort Wayne, IN

Pop. 19,514·Allen County·122nd most expensive ZIP in Indiana

Median rent (all units)

$1,032/mo

Year-over-Year

Stable

Month-over-Month

+0.6%

vs US Median

-$900

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46816 · $1,032

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

$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

What a typical income covers

30% of the median household income ($45,343) is $1,134 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

3rd cheapest of 9 ZIP codes in Fort Wayne.

Cheaper nearby

ZIP 46806, 4 miles away, rents for 11% less ($919/mo), about $1,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46816. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,384/yr

At $1,032/mo median

Location

CityFort Wayne

StateIN

CountyAllen County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 46816 (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, 10% of residents hold a bachelor's degree or higher.

Population

19,514

Median income

$45,343

Median age

34.2

Renters

45.5%

Age distribution

29.5%

21.9%

21.4%

16.4%

Under 1829.5%

18–3421.9%

35–5421.4%

55–6410.8%

65+16.4%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

34.8%

30.2%

19.7%

White34.8%

Black30.2%

Hispanic10%

Asian19.7%

Other5.3%

Education (25+)

23.1%

33.9%

33%

No HS diploma23.1%

HS diploma33.9%

Some college33%

Bachelor's+10%

Housing tenure

54.5%

45.5%

Owner54.5%

Renter45.5%

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

2021 vs 2026

How ZIP 46816 in Fort Wayne, IN has changed in 5 years

Income

$40,734 → $45,343

up 11.3%

Population

19,421 → 19,514

up 0.5%

Renter share

40.9% → 45.5%

+4.6 pts

Bachelor's+

9.1% → 10%

+0.9 pts

Median age

33.5 → 34.2

+0.7 yrs

Local incomes tracked alongside that move, going from a median of $40,734 in 2021 to $45,343 more recently. The renter share has risen from 40.9% to 45.5%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 46816

Last updated: October 17, 2026

ZIP code 46816 covers Fort Wayne, IN. The median rent here is $1,032/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 27% of local median household income ($45,343/yr), ZIP 46816 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46816?

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 $1,032/mo in ZIP 46816. The local median household income is $45,343/yr, so the typical household meets that bar.