HousingHandbookReference data

U.S. ZIP Code · IN46807

Allen County · Fort Wayne, IN

Typical home value

$169,325[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.1%
5-year / yr
+6.6%
10-year / yr
+9.9%

Relative price

vs U.S.
-40.4%
vs metro
-34.6%
vs state
-26.8%
ZIP 46807 location in IN
Location of ZIP 46807 in IN

Price history

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

The typical home in 46807 is worth $169,325 — 34.6% below the Fort Wayne, IN median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,028 a month — a 7.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$1,028[2]
Gross yield
7.3%[2]
Cap rate
4.4%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$1,425[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
16,317[3]
Median household income
$58,685[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
0
High
1
  • South Side High School

    High · Grades 9–12 · Fort Wayne Community Schools

    1,459 students

  • Harrison Hill Elementary School

    Elementary · Grades PK–5 · Fort Wayne Community Schools

    642 students

  • Fairfield Elementary School

    Elementary · Grades PK–5 · Fort Wayne Community Schools

    480 students

  • South Wayne Elementary School

    Elementary · Grades PK–5 · Fort Wayne Community Schools

    353 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.

Gross yield7.3%
Net yield (after ~40% expenses)4.4%
Annual rent$12,340

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.

Monthly payment$856
Loan principal$135,460
Down payment$33,865
Total interest paid$172,772

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.

Own : rent ratio1.09
Monthly cost to own$1,116
Monthly rent$1,028

Owning and renting are roughly even.

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
22nd percentile[1]
Rental yield
58th percentile[2]
Property tax
86th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46807?
The typical home in 46807 is worth $169,325, based on the Zillow Home Value Index.
Are home values rising in 46807?
Home values in 46807 are up 0.1% over the past year, and up 6.6% a year over five years.
What is the typical rent in 46807?
A typical home in 46807 rents for about $1,028 a month, a gross rental yield of 7.3%.
What is the property tax rate in 46807?
The effective property tax rate in 46807 is 0.8% — roughly $1,425 a year on a typical home.
Who lives in 46807?
ZIP code 46807 has a population of 16,317 and a median household income of $58,685.

#Comparable ZIPs

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

  • Fort Wayne, IN

    Typical home
    $169,845
    Gross yield
    7.8%
  • Fort Wayne, IN

    Typical home
    $181,996
    Gross yield
    6.7%
  • Fort Wayne, IN

    Typical home
    $189,399
    Gross yield
  • Fort Wayne, IN

    Typical home
    $140,281
    Gross yield
    9.2%
  • Zanesville, IN

    Typical home
    $206,430
    Gross yield
  • Fort Wayne, IN

    Typical home
    $208,708
    Gross yield

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