Why Live in Colonial Park
Colonial Park in Fort Wayne is a compact neighborhood situated between two major roads, providing residents with convenient access to parks and shopping centers. The nearby Washington Square offers specialty groceries at Magadoo Asian Grocery, essentials at Dollar General, and dining at Jalapeños Mexican Grill. Just 1 mile east, the Marketplace of Canterbury features more diverse options, including Breakfast Clubb for morning meals and The Corner Pocket Club for casual dining and billiards. For entertainment, Summit City Comedy Club and Piere’s Entertainment Center are popular spots. Northwood Park, adjacent to Northwood Middle School, offers green space and a paved track, while Shoaff Park, 1.5 miles east, provides extensive recreational facilities, including ball fields, sports courts, a splash pad, and a golf course. The Pufferbelly Trail, 4.5 miles away, is a favored location for jogging and dog walking.
Students attend Fort Wayne Community Schools, with options like Holland Elementary, Jefferson Middle, and Northrop High School. Bishop Dwenger High School, a highly rated private institution, is also nearby. Higher education options include Purdue University Fort Wayne and Concordia Theological Seminary, both within 2 miles.
Housing in Colonial Park includes Cape Cods, ranches, split-levels, and contemporary styles, with well-maintained yards and tree-lined streets. The Towne House Retirement Community offers amenities for residents 62 and over. Commuters benefit from proximity to Interstate 69, Downtown Fort Wayne, and public transit on North Clinton Street. Fort Wayne International Airport is 20.5 miles away.
Frequently Asked Questions
Is Colonial Park a good place to live?
Colonial Park is a good place to live. Colonial Park is considered car-dependent and bikeable with some transit options. Colonial Park is a suburban neighborhood. Colonial Park has 6 parks for recreational activities. It is somewhat dense in population with 6.9 people per acre and a median age of 36. The average household income is $71,121 which is below the national average. College graduates make up 32.4% of residents. A majority of residents in Colonial Park are renters, with 63% of residents renting and 37% of residents owning their home. A
local real estate agent serving Colonial Park can help you decide if this neighborhood is the right one for you. Learn more on our
Colonial Park neighborhood guide.
How much do you need to make to afford a house in Colonial Park?
The median home price in Colonial Park is $272,400. If you put a 20% down payment of $54,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,390 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Colonial Park. The average household income in Colonial Park is $71K.
What are the best public schools in Colonial Park?
The best public schools that serve Colonial Park are:
What are the best private schools in Colonial Park?
The best private schools that serve Colonial Park are:
What are the most popular zip codes in Colonial Park, Fort Wayne, IN?
What are the most popular neighborhoods near Colonial Park, Fort Wayne, IN?
Home Trends in Colonial Park, IN
On average, homes in Colonial Park, Fort Wayne sell after 18 days on the market compared to the national average of 52 days. The median sale price for homes in Colonial Park, Fort Wayne over the last 12 months is $263,900, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$263,900
Median Single Family Sale Price
$269,950
Average Price Per Sq Ft
$144
Number of Homes for Sale
4
Last 12 months Home Sales
12
Median List Price
$272,400
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%