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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.

Franke Park Home Prices vs. Nearby Fort Wayne, IN Neighborhoods

Franke Park Shoaff Park Royal Oaks Hamilton
Median Home Price
$185,000
$240,000
$220,000
$159,450
Median Sale Price
$185,000
-3% YoY
$242,500
+13% YoY
$213,900
-2% YoY
$152,000
+14% YoY
Median Single Family Price
$185,000
$242,500
$213,900
$153,500
Total Active Listings
0
0
0
5
Market Conditions
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market

Frequently Asked Questions

Is Franke Park a good place to live?
Franke Park is a good place to live. Franke Park is considered car-dependent and very 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 2.0 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 51% of residents renting and 49% 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 $185,000. If you put a 20% down payment of $37,000 and had a 30-year fixed mortgage with an interest rate of 6.49%, your estimated principal and interest payment would be $930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $40K 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?
The most popular zip codes in Franke Park, Fort Wayne, IN include 46808, 46805, 46825, 46818 and 46802.
What are the most popular neighborhoods near Franke Park, Fort Wayne, IN?
The most popular neighborhoods near Franke Park, Fort Wayne, IN are Hamilton, North Highlands, Bloomingdale, Northwest Fort Wayne and Nebraska.
Are home prices dropping in Franke Park?
Yes, home prices in Franke Park are down 10% in the last 12 months.
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