The story of this market
The typical home in ZIP 46803 sells for about $145,000, or $85 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $963 a month.
ZIP 46803 — Fort Wayne
The 46803 housing market is characterized by low-cost entry-level inventory and high rental demand. Market activity remains stable with limited active listings, reflecting a localized environment where affordability is the primary driver for both buyers and investors.
This ZIP is primarily suited for budget-conscious buyers and investors looking for entry-level housing opportunities in the Southeast Fort Wayne area.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 18 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.9% · poverty 36.5% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46803, 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 is served by Fort Wayne Community Schools, with local elementary options including Adams and Bunche Elementary.
The area is part of the broader Fort Wayne economic region, which has seen recent investment in the Electric Works mixed-use development project.
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 typically have a mean travel time to work of approximately 25.1 minutes, reflecting the proximity to the Fort Wayne employment core.
The ZIP features local neighborhood parks and is within a short distance of the amenities and shopping districts of downtown Fort Wayne.
The rental market is characterized by a high share of renters and significant vacancy pressure, with median rents trending lower than the broader Fort Wayne metro area.
The local economy is tied to the Fort Wayne metro area, which features a diverse mix of manufacturing, healthcare, and education sectors.
The area is served by the Fort Wayne road network, with access to major thoroughfares connecting to the city center.
Development activity is largely focused on the broader urban renewal efforts within the city of Fort Wayne.
Parcels are subject to Fort Wayne Community Schools district taxes and standard Allen County municipal levies.
Data retrieved from Census Reporter and ACS 5-year profiles.
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 historic neighborhood park area serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.