Foster Park (07)

Fort Wayne, IN

Neighborhood Market Analysis

Q3 2025 Report
$245,000 (as of mid-2025)
Median Home Price
67 (Somewhat walkable; most errands require a car, but park access is excellent)
Walkability Score
Public schools rated average to above average. Private options highly regarded.
School Rating

Location Overview

Neighborhood Boundaries

Primarily southwest Fort Wayne, surrounding Foster Park and the St. Mary’s River, with Old Mill Road as a central artery. The neighborhood is designed with U-shaped streets and dead ends to limit through traffic, creating a secluded, intimate feel.

Zip Codes

46807

Market Data Summary

Price Range$190,000–$325,000 for most single-family homes
Price per Sq Ft$145–$175/sq ft
Inventory LevelsTight; typically 3–6 active listings at any time, with most homes under contract within two weeks.

Property Characteristics

Home Types & Architecture

Home Types

Single-family detached homesOccasional duplexes

Architectural Styles

Tudor RevivalColonial RevivalCraftsman bungalowsCape CodMid-century ranch

Property Details

Typical Lot Sizes0.15–0.3 acres, mature landscaping, tree-lined streets
Home Age Range1920s–1950s, with some homes over 100 years old
Construction QualitySolid, historic construction with many homes featuring original hardwoods, built-ins, and period details. Renovations common but historic integrity often preserved.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, families, and retirees. Median age ~38. Above-average education and homeownership rates.

Community Vibe

Tight-knit, neighborly, and engaged. Residents frequently participate in block parties, park events, and neighborhood watch.

Typical Residents

  • Families
  • Young professionals
  • Retirees

Family Friendly

Very; quiet streets, low traffic, and proximity to parks make it ideal for families with children.

Amenities & Lifestyle

Parks & Recreation

  • Foster Park (255 acres, golf, tennis, trails, floral gardens, playgrounds)
  • St. Mary’s River Greenway
  • Nearby Tillman Park

Dining Options

  • Friendly Fox Café
  • The 07 Pub
  • Bravas

Shopping Centers

  • Southgate Plaza
  • Broadway corridor shops

Local Businesses

  • Friendly Fox Café
  • Antonuccio’s Italian Market
  • Foster Park Market

Education & Schools

Public schools rated average to above average. Private options highly regarded.
Overall School Rating

Elementary Schools

  • Harrison Hill Elementary

Middle Schools

  • Portage Middle School

High Schools

  • South Side High School

Private Schools

  • St. John the Baptist Catholic School
  • Canterbury School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Citilink bus routes 7 and 9

Major Roads

  • Old Mill Road
  • Rudisill Blvd
  • Broadway

Commute & Walkability

Commute Times10–15 minutes to downtown Fort Wayne; 20–25 minutes to Parkview or Lutheran hospitals.
WalkabilityGood for recreation and local errands; less so for daily shopping.
ParkingOn-street and driveway parking; generally ample except during park events.

Marketing Intelligence

Target Buyer Types

  • Families with children
  • Young professionals
  • Retirees
  • Historic home enthusiasts

Key Selling Points

  • Direct access to Foster Park
  • Historic homes with character
  • Quiet, low-traffic streets
  • Strong community engagement

Pricing Considerations

Well-maintained historic homes command a premium. Overpricing leads to stagnation; competitive pricing yields quick sales.

Common Objections & Response Strategies

Objection: Older homes may require more maintenance.

Response Strategy:

Provide inspection reports, highlight recent updates, and connect buyers with local contractors experienced in historic homes.

Objection: Limited inventory and few new builds.

Response Strategy:

Emphasize the unique value and character of existing homes, and the stability of the neighborhood.

Objection: Potential for flooding near the river.

Response Strategy:

Share floodplain maps, discuss mitigation measures, and highlight homes outside risk zones.

Investment Insights

Investment Potential

Appreciation Potential

Strong; historic status and park proximity drive steady demand and price growth.

Rental Demand

Moderate; most homes are owner-occupied, but renovated properties attract quality tenants.

Buyer Competition

High for move-in ready and historic homes. Multiple offers common.

Best For

  • Families seeking community and park access
  • Buyers valuing historic architecture
  • Retirees seeking quiet, walkable living

Potential Concerns

  • Older home maintenance
  • Limited new construction
  • Occasional flooding risk near river

Professional Recommendations

1

Leverage Foster Park’s improvements and historic status in all marketing.

2

Educate buyers on the benefits and responsibilities of historic home ownership.

3

Network with local contractors and preservationists to assist buyers and sellers.

4

Stage homes to highlight period details and outdoor living potential.

5

Monitor city plans for park and infrastructure upgrades to inform clients.

Competitive Analysis

Comparable Markets

  • West Central
  • Southwood Park
  • Indian Village

Market Positioning

Premium historic neighborhood with park access and strong community identity.

Competitive Advantages

  • Direct adjacency to Foster Park
  • Historic district status
  • Quiet, intimate street layout

Price Comparison

Slightly more affordable than West Central, but higher than Southwood Park and Indian Village for similar home sizes.

Investment Metrics

4.5%–5.5% for well-maintained rentals
Cap Rates
5%–6% gross annual yield
Rental Yields
16–18
Price-to-Rent
Positive for updated homes; limited for high-end properties due to owner-occupancy preference
Cash Flow
5%–7% annual appreciation projected through 2027
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing due to price point and community, but may need education on historic home ownership.

Move-Up Buyers

Strong option for those seeking more space and character; limited inventory can be a challenge.

Downsizers

Excellent for retirees seeking walkability and community, though stairs and maintenance may be a concern in older homes.

Investors

Moderate opportunity; best returns on renovated properties or those with ADU potential.

Relocators

Attractive for those seeking a blend of city access and neighborhood charm.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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