Why Live in Franke Park
Franke Park is a cozy residential neighborhood centered around its namesake park in north Fort Wayne. Homes in Franke Park are mostly ranch-style and split-level, with median prices around $176,000. Properties typically feature two or three bedrooms with a one-car garage. The neighborhood surrounds the expansive Franke Park, which spans nearly 340 acres and features open green spaces, hiking trails, and Shoaff Lake for fishing and birding. The adjacent Fort Wayne Children’s Zoo, with its diverse animal exhibits, is a major draw for families. The Fort Wayne BMX Race Park and Foellinger Theater, an outdoor venue hosting concerts and performances, add to the area's attractions. SportONE Parkview Fieldhouse and Icehouse provides indoor sports facilities, as well as hockey leagues and public skating. Dining options in the area include 2Toms Brewing Company, known for its rotating selection of beers. Locals can get their shopping done at Northcrest Shopping Center and Glenbrook Square Mall, which feature stores like Macy’s and Target. The neighborhood falls within the Fort Wayne Community School System, with local public schools receiving average ratings.
Frequently Asked Questions
Is Franke Park a good place to live?
Franke Park is a good place to live. Franke Park is considered very car-dependent and somewhat bikeable with some transit options. Franke Park is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Franke Park has 6 parks for recreational activities. It is sparse in population with 1.9 people per acre and a median age of 37. The average household income is $64,449 which is below the national average. College graduates make up 38.4% of residents. A majority of residents in Franke Park are renters, with 50.7% of residents renting and 49.3% of residents owning their home. A
local real estate agent serving Franke Park can help you decide if this neighborhood is the right one for you. Learn more on our
Franke Park neighborhood guide.
Is Franke Park, IN a safe neighborhood?
Franke Park, IN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Franke Park?
The median home price in Franke Park is $187,400. If you put a 20% down payment of $37,500 and had a 30-year fixed mortgage with an interest rate of 6.19%, your estimated principal and interest payment would be $920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $39K a year to afford the median home price in Franke Park. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Franke Park is $64K.
What are the best public schools in Franke Park?
The best public schools that serve Franke Park are:
What are the best private schools in Franke Park?
The best private schools that serve Franke Park are:
What are the most popular zip codes in Franke Park, Fort Wayne, IN?
What are the most popular neighborhoods near Franke Park, Fort Wayne, IN?
Are home prices dropping in Franke Park?
Yes, home prices in Franke Park are down 11% in the last 12 months.
Home Trends in Franke Park, IN
On average, homes in Franke Park, Fort Wayne sell after 26 days on the market compared to the national average of 53 days. The median sale price for homes in Franke Park, Fort Wayne over the last 12 months is $184,950, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$184,950
Median Single Family Sale Price
$184,950
Average Price Per Sq Ft
$184
Number of Homes for Sale
1
Last 12 months Home Sales
4
Median List Price
$187,400
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%