What is the median home value in ZIP 46808 in Allen County, IN?

The median home value in ZIP 46808 in Allen County, IN is $164,059, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 46808?

The rent-to-income ratio in ZIP 46808 is 19.5%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Fort Wayne, IN · Indiana

Allen County

ZIP 46808

388,791 residents1,324 permits TTM$68,839 median HHI26 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$194,300

ACS 5-Year

Cap rate proxy

6.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.0%

HUD FMR ÷ ACS HHI

Net migration

+1.11%

IRS SOI

Permits (TTM)

1,324

Census BPS

Climate risk

90.8

FEMA NRI (0–100)

ZIP 46808

Median home value

$164,059

Gross yield

7.6%

Cap rate

8.2%

Rent gap

-7.5%

Affordability

P/I: 2.4R/I: 19.5%

Section 8 detail

SAFMR: $1,040Rent: $976Gap: 6.6%

ZIP code breakdown26 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
46803	$108,647	$1,010	11.2%	10.6%	4.8%
46704	$194,300county est.	$1,410	8.7%	6.0%	30.8%
46806	$112,470	$970	10.3%	9.8%	5.0%
46808	$164,059	$1,040	7.6%	8.2%	-7.5%
46807	$163,786	$1,100	8.1%	7.5%	7.3%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$137,380	$1,010	8.8%	9.1%	-3.3%
$180,050	$960	6.4%	7.3%	-13.3%
$301,896	$1,410	5.6%	7.2%	-28.9%
$176,153	$980	6.7%	7.0%	-5.0%
$238,684	$1,090	5.5%	6.5%	-18.6%
$251,372	$1,260	6.0%	6.4%	-7.2%
$202,894	$970	5.7%	5.8%	-0.6%
$218,028	$1,090	6.0%	5.4%	10.5%
$254,799	$1,230	5.8%	5.2%	10.4%
$379,961	$1,580	5.0%	5.1%	-2.8%
$240,620	$1,110	5.5%	4.9%	12.1%
$250,752	$970	4.6%	4.7%	-0.6%
$267,334	$1,150	5.2%	4.4%	15.1%
$270,136	$1,340	6.0%	4.3%	27.2%
$272,059	$1,130	5.0%	4.3%	13.6%
$295,482	$1,260	5.1%	4.0%	22.5%
$303,219	$970	3.8%	3.9%	-0.6%
$341,133	$1,670	5.9%	3.4%	41.6%
$360,027	$1,470	4.9%	3.3%	33.6%
$384,436	$1,360	4.2%	3.0%	28.2%
$445,501	$1,650	4.4%	2.6%	40.9%

Demographics

Owner-occupied

69.1%

Census ACS

Vacancy rate

6.2%

Census ACS

Bachelor's degree +

31.1%

Census ACS

Rent burdened

42.0%

Census ACS (>30% income)

Median age

36.2

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Allen County

See all 26 ZIPs ranked by yield and cap rate