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Real Estate Prices & Overview

Victoria Park / Colonial Heritage median real estate price is $183,969, which is more expensive than 39.1% of the neighborhoods in Indiana and 19.8% of the neighborhoods in the U.S.

The average rental price in Victoria Park / Colonial Heritage is currently $1,248, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.7% of Indiana neighborhoods.

Victoria Park / Colonial Heritage is a suburban neighborhood (based on population density) located in Fort Wayne, Indiana.

Victoria Park / Colonial Heritage real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Victoria Park / Colonial Heritage neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Victoria Park / Colonial Heritage. The current real estate vacancy rate here is 20.2%. This is higher than the rate of vacancies in 87.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Fort Wayne, the Victoria Park / Colonial Heritage neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Victoria Park / Colonial Heritage neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 30.6% of commuters carpool here, which is more than in 98.9% of all U.S. neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Victoria Park / Colonial Heritage neighborhood than in 98.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the Victoria Park / Colonial Heritage neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.0% of this neighborhood's residents have Asian ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Victoria Park / Colonial Heritage neighborhood in Fort Wayne are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.3% of U.S. neighborhoods. With 38.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.1% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Victoria Park / Colonial Heritage neighborhood, 50.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 25.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.4%), and 10.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Victoria Park / Colonial Heritage neighborhood is English, spoken by 65.3% of households. Some people also speak Spanish (5.6%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Victoria Park / Colonial Heritage neighborhood in Fort Wayne, IN, residents most commonly identify their ethnicity or ancestry as Asian (31.0%). There are also a number of people of Irish ancestry (7.8%), and residents who report Mexican roots (4.6%), and some of the residents are also of German ancestry (4.3%), along with some Sub-Saharan African ancestry residents (2.7%), among others. In addition, 30.7% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Victoria Park / Colonial Heritage neighborhood spend between 15 and 30 minutes commuting one-way to work (50.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (30.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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