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ZIP Code · IN

ZIP 46816

Pop. 19,514·Allen County·119th most expensive ZIP in Indiana
Median rent (all units)
$1,058/mo
Year-over-Year
Stable
Month-over-Month
+2.9%
vs US Median
-$907
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46816 · $1,058
More affordable than 96% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$12,696/yr
At $1,058/mo median
Location
StateIN
CountyAllen County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.9% 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: July 20, 2026

ZIP code 46816 covers Fort Wayne, IN. The median rent here is $1,058/mo as of July 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $970/mo.

At 28% 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 is rent in ZIP code 46816?

As of July 20, 2026, the median monthly rent in ZIP 46816 (Fort Wayne, IN) is $1,058. This is based on aggregated data from public sources and community submissions.

How does ZIP 46816 rent compare to the US average?

ZIP 46816's median rent of $1,058/mo is $907 (46%) below the US national median of $1,965/mo.

How does ZIP 46816 compare to other ZIPs in Indiana?

ZIP 46816 is among the more affordable ZIP codes in Indiana, ranking #119 out of 144 ZIPs at $1,058/mo.

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 $42,000/year (~$20/hour full-time) to afford the median rent of $1,058/mo in ZIP 46816. The local median household income is $45,343/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46816?

Rent in ZIP 46816 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 46816 an affordable place to rent?

ZIP 46816 is considered affordable for renters. At $1,058/mo, rent takes approximately 28% of the local median household income ($45,343/yr). The standard benchmark is 30%. ZIP 46816 falls comfortably within that range.

What percentage of ZIP 46816 residents rent vs. own?

According to Census data, approximately 45.5% of ZIP 46816 households are renters, while 54.5% are owner-occupied. ZIP 46816 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46816 compare to the rest of Fort Wayne?

ZIP 46816 is more affordable than Fort Wayne overall. At $1,058/mo, it's $223 below the Fort Wayne citywide median of $1,281/mo.

When was rent data for ZIP 46816 last updated?

Rent data for ZIP 46816 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,058/mo, rent takes ~28% of ZIP 46816's median household income ($45,343/yr). The standard benchmark is 30%.

ZIP 46816 28%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46816 (Fort Wayne, IN)

Recent submissions

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