Fort Wayne housing market booming

Associate broker, Sal Soto, says Fort Wayne is one of the top ten hottest cities to live and work.

Posted: Jan 7, 2018 8:27 PM
Updated: Jan 8, 2018 3:11 AM

FORT WAYNE, Ind. (WFFT)- The rapid development we've seen recently is bringing more jobs and people to the Summit City. Some people told WFFT they've waited years to get into the neighborhoods of their choice.

"We have been trying to get into this neighborhood for quite some time. It was just an opportunity we did not want to pass up," said Melissa George.

Melissa George and her family are one of several that found their dream home in Fort Wayne. George waited two years to get into the Historic Southwood Park neighborhood.

"It's going to have so many other new things that I'm excited about like the GE project and there's some other things that are already here, some of the restaurants like Trubble Brewing and things like that," George said.

Sal Soto said with the investment we've seen and growth of companies, Fort Wayne is a hot spot for home buyers.

"Our city is growing and we're really getting a lot of new home buyers and a lot of folks looking to move to Fort Wayne," Soto said.

Those buyers may have to put up a fight, though. Soto said the Georges are lucky to find a home in their budget near the southwest side.

"Southwest Allen County and Northwest Allen County are two of the really up and coming areas, and again it's related to the healthcare systems that are anchoring those parts of the city," he said.

The areas are in such high demand that companies like Lancia are building homes just outside the city.

"We're actually at the beginning of this real, big growth trend and I think with the economy where it's at, the interest rates being as low as they have been historically, and we still have at least a few more years of those low interest rates. I believe that's one of the reasons why we're having such a great market," Soto said.

So, whether you're looking for your perfect neighborhood, downsizing, or a first time buyer, now is the time. How much will a home run you in the Summit City?

"Around $130,000, plus or minus, and that's just for an average starter home in Fort Wayne," Soto said.

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