How much is a home worth in ZIP code 46845?

The typical home in 46845 is worth $389,015, based on the Zillow Home Value Index.

Are home values rising in 46845?

Home values in 46845 are up 2.6% over the past year, and up 5.3% a year over five years.

What is the typical rent in 46845?

A typical home in 46845 rents for about $1,823 a month, a gross rental yield of 5.6%.

What is the property tax rate in 46845?

The effective property tax rate in 46845 is 0.7% — roughly $2,835 a year on a typical home.

ZIP code 46845 has a population of 29,583 and a median household income of $112,676.

HousingHandbookReference data

…

U.S. ZIP Code · IN46845

Allen County · Fort Wayne, IN

Typical home value

$389,015^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +5.3%
10-year / yr: +5.9%

Relative price

vs U.S.: +36.9%
vs metro: +50.3%
vs state: +68.1%

Price history

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

The typical home in 46845 is worth $389,015 — 50.3% above the Fort Wayne, IN median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,823 a month — a 5.6% 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: $1,823^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,835^[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: 29,583^[3]
Median household income: $112,676^[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: 5
Elementary: 4
Middle: 1
High: 0

Maple Creek Middle School
Middle · Grades 6–8 · Northwest Allen County Schools
1,016 students
Cedarville Elementary School
Elementary · Grades K–3 · East Allen County Schools
771 students
Perry Hill Elementary School
Elementary · Grades K–5 · Northwest Allen County Schools
546 students
Cedar Canyon Elementary School
Elementary · Grades PK–5 · Northwest Allen County Schools
521 students
Oak View Elementary School
Elementary · Grades K–5 · Northwest Allen County Schools
465 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$21,879

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$1,967

Loan principal$311,212

Down payment$77,803

Total interest paid$396,934

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 ratio1.39

Monthly cost to own$2,528

Monthly rent$1,823

Renting 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: 3rd percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 68th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46845?: The typical home in 46845 is worth $389,015, based on the Zillow Home Value Index.
Are home values rising in 46845?: Home values in 46845 are up 2.6% over the past year, and up 5.3% a year over five years.
What is the typical rent in 46845?: A typical home in 46845 rents for about $1,823 a month, a gross rental yield of 5.6%.
What is the property tax rate in 46845?: The effective property tax rate in 46845 is 0.7% — roughly $2,835 a year on a typical home.
Who lives in 46845?: ZIP code 46845 has a population of 29,583 and a median household income of $112,676.

#Comparable ZIPs

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

46765 vs 46845 →
Leo-Cedarville, IN
Typical home
$396,343
Gross yield
—
46741 vs 46845 →
Harlan CDP, IN
Typical home
$369,958
Gross yield
—
46748
Huntertown, IN
Typical home
$350,922
Gross yield
—
46814
Fort Wayne, IN
Typical home
$455,531
Gross yield
5.3%
46764
Larwill, IN
Typical home
$320,308
Gross yield
—
46745
Hoagland CDP, IN
Typical home
$310,462
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46845

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