How much is a home worth in ZIP code 46803?

The typical home in 46803 is worth $114,719, based on the Zillow Home Value Index.

Are home values rising in 46803?

Home values in 46803 are up 4.7% over the past year, and up 11.2% a year over five years.

What is the typical rent in 46803?

A typical home in 46803 rents for about $1,038 a month, a gross rental yield of 10.9%.

What is the property tax rate in 46803?

The effective property tax rate in 46803 is 0.7% — roughly $812 a year on a typical home.

ZIP code 46803 has a population of 10,994 and a median household income of $34,381.

HousingHandbookReference data

…

U.S. ZIP Code · IN46803

Allen County · Fort Wayne, IN

Typical home value

$114,719^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.7%
5-year / yr: +11.2%
10-year / yr: +14.4%

Relative price

vs U.S.: -59.6%
vs metro: -55.7%
vs state: -50.4%

Price history

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

The typical home in 46803 is worth $114,719 — 55.7% below the Fort Wayne, IN median. Over the past year, values have risen 4.7%. Homes here rent for a typical $1,038 a month — a 10.9% 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: $1,038^[2]
Gross yield: 10.9%^[2]
Cap rate: 6.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $812^[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: 10,994^[3]
Median household income: $34,381^[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: 4
Elementary: 3
Middle: 1
High: 0

Memorial Park Middle School
Middle · Grades 6–8 · Fort Wayne Community Schools
611 students
Adams Elementary School
Elementary · Grades PK–5 · Fort Wayne Community Schools
293 students
Bunche Elementary School
Elementary · Grades PK–K · Fort Wayne Community Schools
233 students
Whitney M Young Early Childhood
Elementary · Grades PK–K · Fort Wayne Community Schools
215 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 yield10.9%

Net yield (after ~40% expenses)6.5%

Annual rent$12,460

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$580

Loan principal$91,775

Down payment$22,944

Total interest paid$117,054

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 ratio0.72

Monthly cost to own$744

Monthly rent$1,038

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: 100th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 51st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 46803?: The typical home in 46803 is worth $114,719, based on the Zillow Home Value Index.
Are home values rising in 46803?: Home values in 46803 are up 4.7% over the past year, and up 11.2% a year over five years.
What is the typical rent in 46803?: A typical home in 46803 rents for about $1,038 a month, a gross rental yield of 10.9%.
What is the property tax rate in 46803?: The effective property tax rate in 46803 is 0.7% — roughly $812 a year on a typical home.
Who lives in 46803?: ZIP code 46803 has a population of 10,994 and a median household income of $34,381.

#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 46803 →
Fort Wayne, IN
Typical home
$117,462
Gross yield
9.9%
46802 vs 46803 →
Fort Wayne, IN
Typical home
$140,281
Gross yield
9.2%
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 · IN46803

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