$125,172Average Value$193Average Price per Sq Ft2Homes For Sale
A quiet suburb found under 2 miles south of downtown
Like other near-downtown neighborhoods, La Rez is going through a growth spurt, prompted in part by its historic Victorian homes, which investors have revitalized in recent years. Another factor is the opening of new commercial and mixed-use businesses, including Electric Works, a new live-work development on Broadway and Wall Street. These and other projects bring new opportunities to long-time residents. "La Rez is a great neighborhood, and it's really exciting to see the old homes being restored and the new businesses coming in," says Kammrin Bernard, a Realtor with American Dream Team Real Estate Brokers who sells throughout Fort Wayne.
La Rez residents enjoy close proximity to downtown Fort Wayne.
Downtown Fort Wayne offers many more entertainment options to La Rez residents.
La Rez offers charming homes lining scenic streets.
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Historic homes are being updated to fit modern needs
La Rez’s homes come in a mix of styles and were built from the late 1800s through the 1990s. The neighborhood's streets, about 2 miles from downtown, are flanked with sidewalks, and mid-block alleyways split adjoining backyards.
Queen Anne houses from the 1890s, Craftsman homes from the 1920s and Colonial Revival homes from the 1980s sit side-by-side in La Rez. Some of the area’s older and bigger houses have been converted into multi-family developments, but most are purchased by homebuyers who are willing to make renovations. Bordered by tall trees, La Rez lots are narrow, with compact front yards and roomy backyards. Most houses have driveways or detached garages. Home prices depend on condition—a 2,600-square-foot 1910s Queen Anne might be listed under $100,000, but will need further investment to complete renovations. Houses range in price from $70,000 to $210,000, with a median list price of $109,000. “This whole area is a great place to raise a family,” says Tina Stuckey, a Broker with RE/MAX Results. “It’s not just the outskirts in the suburbs that are family-focused.”
Spacious brick homes can be found in La Rez.
La Rez homes have a unique charm that makes the neighborhood a visual treat.
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Shopping and dining are found just outside the neighborhood
Locals don’t have to travel too far from home to get groceries, since there’s an assortment of shops and restaurants just west of La Rez. Union Street Market, in the Electric Work development, sells a mix of grocery items and prepared dishes from assorted vendors. George’s International Market on Broadway sells assorted ingredients, baked goods and packaged foods. For full pantry restocks, locals drive north of downtown to reach the nearest Kroger. Aside from shops, there are several local restaurants in the neighborhood, including Saigon Restaurant, which serves authentic Vietnamese dishes.
Those living in La Rez have access to the Asian Market for their basic needs.
Popeyes serves up fried chicken to hungry residents of La Rez.
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Nearby parks offer fishing, sports and places to play
In the south side of La Rez is Ivan Lebamoff Reservoir Park, a hilly park surrounding a historic source of drinking water. The reservoir, built in 1900, isn't connected to the city's water supply any longer, but it is stocked for fishing. The park has wide green fields, newly refurbished basketball courts, a bright blue playground and a paved walking trail. When winter rolls in and snow covers the city, Lebamoff Park turns into a popular sledding spot. For indoor recreation, residents head downtown to visit the Fort Wayne Museum of Art and the main branch of the Allen County Public Library.
Ivan Lebamoff Reservoir Park in Fort Wayne has areas for grilling.
La Rez puts residents close to parks in and around the neighborhood.
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Students may enroll in well-regarded Fort Wayne Public Schools
Students may attend Fairfield Elementary School, graded C-plus by Niche; Kekionga Middle School, graded C; and South Side High School, graded C-plus. South Side High educates nearly 1,400 students each year, and notable alums include fashion designer Bill Blass and actress Shelley Long.
Fairfield Elementary is a public school serving Fort Wayne.
South Side High prepares Fort Wayne students for a life of success.
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Short commutes to downtown Fort Wayne
Residents working in downtown Fort Wayne have a short commute to the office, as the city’s business hub is under 2 miles north of La Rez. For longer distance travel, the Fort Wayne International Airport is about 8 miles south.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Interested in learning more about homes in this area?
Reach out to
Marcus Christlieb,
an experienced agent in this neighborhood.
Parks in this Area
Old Lutheran Park
Robert E. Meyers Park
Ivan Lebamoff Reservoir Park
Fort Wayne Parks Department
Bowser Park
Weisser Park
Transit
Airport
Fort Wayne International
19 min drive
La Rez Demographics and Home Trends
On average, homes in La Rez, Fort Wayne sell after 22 days on the market compared to the national average of 70 days. The median sale price for homes in La Rez, Fort Wayne over the last 12 months is $140,000.
Check out this charming 4-Bedroom and 2-bathroom home in the heart of Downtown Fort Wayne. Ideal Investment Opportunity! This property offers plenty of room for families, roommates, or potential tenants. Complete with modern appliances — all less than 2 years old (all included in the sale.) The large front porch adds curb appeal and the perfect spot to relax, while the fenced-in backyard space
Well maintained duplex with a very large side yard for those summer activities. There is also a detached garage that can be rented out for additional monthly income. Currently being advertised at $1100/month with utilities included for the lower unit. The upper unit is listed for $695/month with utilities being billed out for anything over $100. Walking distance to Ivan Lebamoff Reservoir Park
Remarks Two level lots combined 60' x 64' (3840 sq. ft.) to build your new home! Close to all of the facilities, and parks which host the activities of downtown Fort Wayne. blocks from the east and west corridors of the city. Gas, electricity, city water and sewer are present.
Interested in learning more about homes in this area?
Reach out to
Marcus Christlieb,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,414
Median Age
33
Population Density
7 ppl/acre
Population under 18
30.8%
Above the national average
23.8%
Population over 65
11.4%
Below the national average
19.1%
Finances
Median Household Income
$30,500
Significantly below the national average
$71,702
Average Household Income
$66,747
Education and Workforce
High School Graduates
74.2%
Below the national average
89.1%
College Graduates
17.1%
Below the national average
34.1%
Advanced Degrees
7.5%
% Population in Labor Force
68.3%
Weather
Annual Precipitation
39''
Average Winter Low Temperature
19°F
Average Summer High Temperature
84°F
Annual Snowfall
28''
Area Factors
Somewhat Bikeable
Bike Score®
46/ 100
Somewhat Walkable
Walk Score®
65/ 100
Good Transit
Transit Score®
52/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
