Rental numbers for Allen County, IN
The typical home here runs -$781 a month at 7.78% with 25% down, breaking even at about 0.8%. 0 of 15 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.6%.
- Gross yield
- 5.9%
- typical home, Zillow
- Median ZIP yield
- 6.6%
- 15 ZIPs with full data
- Cash flow
- -$781/mo
- at 7.78%, 25% down
- Typical price
- $258,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,279/mo
- Zillow ZORI, Aug 2026
ZIP codes in Allen County
26 with published figures
| 46806Fort Wayne | $116,000 | $937 | 9.7% | 5.4% | -$103 | +6.4% |
| 46803Fort Wayne | $114,000 | $873 | 9.2% | 5.1% | -$133 | n/a |
| 46802Fort Wayne | $143,000 | $1,047 | 8.8% | 5.1% | -$164 | +4.2% |
| 46815Fort Wayne | $249,000 | $1,698 | 8.2% | 4.7% | -$362 | n/a |
| 46818Fort Wayne | $311,000 | $1,970 | 7.6% | 4.4% | -$531 | n/a |
| 46808Fort Wayne | $171,000 | $1,066 | 7.5% | 4.0% | -$359 | +1.9% |
| 46807Fort Wayne | $169,000 | $1,028 | 7.3% | 3.7% | -$396 | +7.6% |
| 46805Fort Wayne | $184,000 | $1,004 | 6.6% | 3.1% | -$512 | +3.8% |
| 46825Fort Wayne | $261,000 | $1,391 | 6.4% | 3.2% | -$718 | +4.9% |
| 46804Fort Wayne | $307,000 | $1,585 | 6.2% | 3.1% | -$868 | n/a |
| 46816Fort Wayne | $214,000 | $1,058 | 5.9% | 2.8% | -$649 | n/a |
| 46819Fort Wayne | $229,000 | $1,090* | 5.7% | 2.6% | -$736 | n/a |
| 46845Fort Wayne | $391,000 | $1,858 | 5.7% | 2.9% | -$1,172 | +7.9% |
| 46748Huntertown | $354,000 | $1,670* | 5.7% | 2.9% | -$1,055 | n/a |
| 46809Fort Wayne | $193,000 | $895 | 5.6% | 2.3% | -$667 | n/a |
| 46835Fort Wayne | $264,000 | $1,224 | 5.6% | 2.5% | -$882 | +9.0% |
| 46798Ossian | $296,000 | $1,340* | 5.4% | 2.8% | -$900 | n/a |
| 46814Fort Wayne | $461,000 | $2,049 | 5.3% | 2.5% | -$1,507 | n/a |
| 46774New Haven | $251,000 | $1,110* | 5.3% | 2.2% | -$886 | n/a |
| 46743Harlan | $285,000 | $1,150* | 4.8% | 2.1% | -$1,038 | n/a |
| 46797Woodburn | $290,000 | $1,130* | 4.7% | 2.0% | -$1,079 | n/a |
| 46741Grabill | $379,000 | $1,470* | 4.7% | 2.0% | -$1,413 | n/a |
| 46773Monroeville | $265,000 | $970* | 4.4% | 1.5% | -$1,109 | n/a |
| 46765Leo-Cedarville | $401,000 | $1,360* | 4.1% | 1.5% | -$1,646 | n/a |
| 46745Hoagland | $317,000 | $970* | 3.7% | 1.0% | -$1,449 | n/a |
| 46788Spencerville | $470,000 | $1,180* | 3.0% | 0.6% | -$2,285 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.3%
- Rent, 12 months
- +5.9%
- Rent minus price growth
- +2.6 pts
- Property tax
- 0.79%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $192,231 | $964 |
| Aug 2022 | $217,184 | $1,081 |
| Aug 2023 | $230,812 | $1,116 |
| Aug 2024 | $244,007 | $1,177 |
| Aug 2025 | $249,631 | $1,208 |
| Aug 2026 | $257,748 | $1,279 |
HUD Fair Market Rent
FY2027, Fort Wayne, IN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,025 | $1,026 | $1,248 | $1,534 | $1,679 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 9.8
- 1,535 units, last 12 months
- National percentile
- 71th
- among US counties
Tools
Test a listing in Allen County against today's rate.
Open the calculatorPart of the Fort Wayne, IN metro.
Questions
- Is Allen County good for rental property?
- The typical home here runs -$781 a month at 7.78% with 25% down, breaking even at about 0.8%. 0 of 15 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Allen County?
- About 0.79% of value, from Census ACS median taxes paid over median home value. On a $258,000 home that is about $2,026 a year.
- What is Fair Market Rent in Allen County?
- HUD's FY2027 Fair Market Rent here is $1,026 for a 1-bedroom, $1,248 for a 2-bedroom and $1,534 for a 3-bedroom. Typical cash flow at today's rate is -$781 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.