Why Live in Cambridge Oaks
Cambridge Oaks in Fort Wayne is a diverse neighborhood featuring a mix of homes, condos, apartments, and retirement communities. Located between two major crossroads, residents have convenient access to various directions, including a 3-mile drive to Interstate 469. The neighborhood is characterized by its large ranch and split-level homes, with new constructions and condos primarily in the northern half. While amenities within Cambridge Oaks are limited, nearby shopping options include Target and Kroger, both 2 miles away, and Northcrest Shopping Center, 5 miles away, featuring stores like Dick’s Sporting Goods and Best Buy. Dining options include Casa Grille Italiano for Italian cuisine and Casa Grande for Mexican dishes. Outdoor enthusiasts can visit the 47-acre Mengerson Nature Reserve, just 1.5 miles away, or Kreager Park, which offers a playground, splash pad, and sports facilities. Fitness centers like Planet Fitness and Catalyst Fitness are also within a mile. Fred H. Croninger Elementary, a highly rated school, serves the area, with students progressing to Blackhawk Middle and Northrop High. Safety in Cambridge Oaks is comparable to the national average. The neighborhood is 7 miles from Downtown Fort Wayne, with a 15-minute drive or a 50-minute bus ride via Citilink. Medical facilities include an Indiana University Health Urgent Care in the neighborhood and Lutheran Downtown Hospital just over a mile away. Environmental concerns include PFAs, with ongoing city efforts to manage their impact.
Frequently Asked Questions
Is Cambridge Oaks a good place to live?
Cambridge Oaks is a good place to live. Cambridge Oaks is considered very car-dependent and somewhat bikeable with minimal transit options. Cambridge Oaks is a suburban neighborhood. Cambridge Oaks has 6 parks for recreational activities. It is somewhat dense in population with 6.2 people per acre and a median age of 42. The average household income is $75,021 which is below the national average. College graduates make up 25% of residents. A majority of residents in Cambridge Oaks are home owners, with 21.9% of residents renting and 78.1% of residents owning their home. A
local real estate agent serving Cambridge Oaks can help you decide if this neighborhood is the right one for you. Learn more on our
Cambridge Oaks neighborhood guide.
How much do you need to make to afford a house in Cambridge Oaks?
The median home price in Cambridge Oaks is $262,000. If you put a 20% down payment of $52,400 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $1,290 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $55K a year to afford the median home price in Cambridge Oaks. The average household income in Cambridge Oaks is $75K.
What are the best public schools in Cambridge Oaks?
The best public schools that serve Cambridge Oaks are:
What are the best private schools in Cambridge Oaks?
The best private schools that serve Cambridge Oaks are:
What are the most popular zip codes in Cambridge Oaks, Fort Wayne, IN?
What are the most popular neighborhoods near Cambridge Oaks, Fort Wayne, IN?
Home Trends in Cambridge Oaks, IN
On average, homes in Cambridge Oaks, Fort Wayne sell after 14 days on the market compared to the national average of 52 days. The median sale price for homes in Cambridge Oaks, Fort Wayne over the last 12 months is $248,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$248,000
Median Single Family Sale Price
$263,500
Median Townhouse Sale Price
$265,000
Median 2 Bedroom Sale Price
$245,750
Average Price Per Sq Ft
$132
Number of Homes for Sale
2
Last 12 months Home Sales
17
Median List Price
$262,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%