Why Live in Pontiac Place
Pontiac Place in Fort Wayne is undergoing significant revitalization as part of the New Pontiac Streetscape initiative, a nearly $3 million city project aimed at enhancing the neighborhood's infrastructure and accessibility. The first phase has widened Pontiac Street, added greenery, and improved pedestrian and ADA access, contributing to the area's transformation. Housing in Pontiac Place includes a collection of established homes built primarily in the 1920s and ‘30s, featuring American Foursquares with large porches and dormers, as well as smaller pre-war homes and Cape Cods. Public transportation is accessible via bus stops on Oxford Street, and U.S. Highway 27 is about 2 miles west, leading directly to downtown Fort Wayne, which is also 2 miles north. The neighborhood is close to Parkview Field, home to the TinCaps minor-league baseball team, and Electric Works, a multi-use development with dining options. The recent opening of the Pontiac Street Market has addressed the area's food desert issue, providing a new grocery store and community gathering space. McMillen Park, within walking distance, offers an 18-hole golf course, playgrounds, colorful basketball courts, and a community center with indoor sports facilities and year-round programs. The neighborhood is attracting first-time homebuyers and investors due to its ongoing improvements and convenient location.
Frequently Asked Questions
Is Pontiac Place a good place to live?
Pontiac Place is a good place to live. Pontiac Place is considered car-dependent and somewhat bikeable with some transit options. Pontiac Place is a suburban neighborhood. Pontiac Place has 5 parks for recreational activities. It is fairly dense in population with 14.0 people per acre and a median age of 30. The average household income is $48,566 which is below the national average. College graduates make up 6.7% of residents. A majority of residents in Pontiac Place are renters, with 56.5% of residents renting and 43.5% of residents owning their home. A
local real estate agent serving Pontiac Place can help you decide if this neighborhood is the right one for you. Learn more on our
Pontiac Place neighborhood guide.
Is Pontiac Place, IN a safe neighborhood?
Pontiac Place, IN is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Pontiac Place?
The median home price in Pontiac Place is $251,328. If you put a 20% down payment of $50,300 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,300 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $56K a year to afford the median home price in Pontiac Place. The average household income in Pontiac Place is $49K.
What are the best public schools in Pontiac Place?
The best public schools that serve Pontiac Place are:
What are the most popular zip codes in Pontiac Place, Fort Wayne, IN?
What are the most popular neighborhoods near Pontiac Place, Fort Wayne, IN?
Are home prices dropping in Pontiac Place?
Yes, home prices in Pontiac Place are down 20% in the last 12 months.
Home Trends in Pontiac Place, IN
On average, homes in Pontiac Place, Fort Wayne sell after 38 days on the market compared to the national average of 70 days. The median sale price for homes in Pontiac Place, Fort Wayne over the last 12 months is $135,000, down 46% from the median home sale price over the previous 12 months.
Median Sale Price
$135,000
Median Single Family Sale Price
$75,000
Median Townhouse Sale Price
$297,505
Median 1 Bedroom Sale Price
$580,000
Average Price Per Sq Ft
$291
Number of Homes for Sale
2
Last 12 months Home Sales
13
Median List Price
$251,328
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-46%