How much is a home worth in ZIP code 46802?

The typical home in 46802 is worth $140,281, based on the Zillow Home Value Index.

Are home values rising in 46802?

Home values in 46802 are down 1.5% over the past year, and up 6.3% a year over five years.

What is the typical rent in 46802?

A typical home in 46802 rents for about $1,080 a month, a gross rental yield of 9.2%.

What is the property tax rate in 46802?

The effective property tax rate in 46802 is 0.7% — roughly $927 a year on a typical home.

ZIP code 46802 has a population of 11,177 and a median household income of $46,854.

HousingHandbookReference data

…

U.S. ZIP Code · IN46802

Allen County · Fort Wayne, IN

Typical home value

$140,281^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +6.3%
10-year / yr: +10.2%

Relative price

vs U.S.: -50.6%
vs metro: -45.8%
vs state: -39.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 46802 is worth $140,281 — 45.8% below the Fort Wayne, IN median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $1,080 a month — a 9.2% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,080^[2]
Gross yield: 9.2%^[2]
Cap rate: 5.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $927^[3]

#Climate risk

FEMA National Risk Index ratings for Allen County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 11,177^[3]
Median household income: $46,854^[3]

#Migration

Household moves in and out of Allen County over a year, from IRS tax-return data.

Net migration: +185^[5]
Moved in: 7,577
Moved out: 7,392

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 3
Middle: 1
High: 0

Portage Middle School
Middle · Grades 6–8 · Fort Wayne Community Schools
405 students
Lindley Elementary School
Elementary · Grades PK–5 · Fort Wayne Community Schools
305 students
Study Elementary School
Elementary · Grades PK–5 · Fort Wayne Community Schools
256 students
Washington Elementary School
Elementary · Grades PK–5 · Fort Wayne Community Schools
210 students
Fort Wayne Virtual Academy
Other · Grades K–12 · Fort Wayne Community Schools
202 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield9.2%

Net yield (after ~40% expenses)5.5%

Annual rent$12,960

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$709

Loan principal$112,225

Down payment$28,056

Total interest paid$143,136

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.84

Monthly cost to own$903

Monthly rent$1,080

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 14th percentile^[1]
Rental yield: 83rd percentile^[2]
Property tax: 35th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46802?: The typical home in 46802 is worth $140,281, based on the Zillow Home Value Index.
Are home values rising in 46802?: Home values in 46802 are down 1.5% over the past year, and up 6.3% a year over five years.
What is the typical rent in 46802?: A typical home in 46802 rents for about $1,080 a month, a gross rental yield of 9.2%.
What is the property tax rate in 46802?: The effective property tax rate in 46802 is 0.7% — roughly $927 a year on a typical home.
Who lives in 46802?: ZIP code 46802 has a population of 11,177 and a median household income of $46,854.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

46806 vs 46802 →
Fort Wayne, IN
Typical home
$117,462
Gross yield
9.9%
46803 vs 46802 →
Fort Wayne, IN
Typical home
$114,719
Gross yield
10.9%
46807
Fort Wayne, IN
Typical home
$169,325
Gross yield
7.3%
46808
Fort Wayne, IN
Typical home
$169,845
Gross yield
7.8%
46805
Fort Wayne, IN
Typical home
$181,996
Gross yield
6.7%
46809
Fort Wayne, IN
Typical home
$189,399
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46802

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