The story of this market
The typical home in ZIP 46809 sells for about $215,950, or $151 per square foot.
Prices are roughly flat from a year ago (+0.84%), a market in balance. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,100 a month.
ZIP 46809 — Fort Wayne
The 46809 housing market remains competitive with steady demand for affordable single-family homes. While inventory is limited, price growth remains modest, reflecting a balanced environment for buyers and sellers. The area's affordability continues to be a primary driver for local market activity.
This ZIP is well-suited for first-time homebuyers, families seeking affordable housing, and investors looking for stable rental yields in a lower-cost market.
Median prices moved up 0.8% year over year.
Homes spend a median of 43 days on market with 9.6 months of supply — a balanced-paced market.
9% of listings have cut prices · homes sell at 97.22% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 9.0% — a stable, low-distress 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 8.1%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46809, Allen County IN
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 property crime rates consistent with broader Fort Wayne trends, which are higher than national averages. Residents report varying feelings on safety.
Schools in the area are part of the Fort Wayne Community Schools district, which serves a diverse student population with varying performance metrics.
The area is subject to standard Midwestern weather risks, including seasonal thunderstorms and occasional high winds.
The area benefits from proximity to Fort Wayne's industrial and manufacturing base, with steady residential demand driven by affordability.
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 primarily rely on personal vehicles for commuting, with easy access to major thoroughfares leading into downtown Fort Wayne.
The area features local neighborhood parks and is within a short drive of larger regional recreational facilities and shopping centers in Fort Wayne.
The rental market is characterized by steady demand for single-family homes and smaller multi-family units, with moderate vacancy pressure.
The local economy is anchored by Fort Wayne's manufacturing, healthcare, and logistics sectors, providing a stable employment base.
Transportation is primarily highway-based, with connectivity to regional transit corridors via Fort Wayne's infrastructure.
Development is focused on infill residential projects and maintenance of existing suburban infrastructure.
The Allen County Assessor manages property valuations, adhering to state-mandated assessment cycles and circuit-breaker caps.
Parcels are subject to standard municipal and county utility and school district levies.
Property insurance rates are generally stable, reflecting the region's moderate risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Provides green space and recreational areas for local residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.