The story of this market
The typical home in ZIP 46802 sells for about $79,600, or $85 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $961 a month.
ZIP 46802 — Fort Wayne
The 46802 market is showing signs of stabilization with modest price appreciation driven by urban revitalization and demand for affordable housing. While inventory remains tight, the influx of investment into projects like Electric Works is bolstering long-term confidence in the area's economic trajectory.
This ZIP is best suited for investors seeking entry-level properties and urban-dwelling renters who prioritize proximity to downtown employment and transit.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.0% · poverty 27.7% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46802, Allen County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area experiences higher property crime rates compared to the national average, consistent with its urban core location in Fort Wayne.
Schools serving this ZIP are part of Fort Wayne Community Schools, which faces ongoing challenges with academic performance metrics and resource allocation.
The area is primarily urban with low wildfire risk, though some low-lying sections near the rivers are subject to standard flood plain management.
Economic momentum is driven by downtown revitalization efforts and proximity to major regional employers like Parkview Health and General Motors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents benefit from a central location with short drive times to downtown employment hubs and access to major arterial roads like US-27 and US-30.
The area features proximity to Headwaters Park, the Rivergreenway trail system, and various historic downtown cultural amenities.
The rental market is characterized by high demand for affordable housing, with low vacancy rates and steady upward pressure on rents.
The economy is anchored by healthcare, manufacturing, and a growing downtown service sector, with significant investment in the Electric Works campus.
The area is served by Citilink bus routes and provides easy access to the I-69 corridor via local arterial streets.
Ongoing urban renewal projects focus on riverfront development and increasing residential density in the downtown core.
The Allen County Assessor maintains annual assessments based on mass appraisal techniques to ensure equitable taxation.
Parcels are subject to Fort Wayne Community Schools district taxes and various municipal utility service districts.
Property insurance premiums are stable, though older housing stock may face higher rates due to age-related risk factors.
Indiana continues to see modest net domestic migration gains, particularly in urban centers like Fort Wayne.
Indiana is a judicial foreclosure state, requiring court intervention and providing specific notice periods for homeowners.
Sellers are required to provide a comprehensive residential real estate disclosure form detailing the condition of the property.
Data retrieved from data.census.gov using ZCTA 46802 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major downtown park hosting festivals and community events.
Extensive linear park and trail system along the riverfront.
Anchor facility for regional events and conferences.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.