| Median
Home Prices
|
City
|
Median Home
Price (revised 2nd Q 2003) |
Indianapolis,
IN |
$122,300
|
St. Louis, MO |
$123,300
|
Louisville, KY |
$131,200
|
Memphis, TN |
$135,000
|
Cincinnati, OH |
$140,000
|
Greensboro, NC |
$140,800
|
Kansas City, MO |
$144,700
|
Columbus, OH |
$150,000
|
Atlanta, GA |
$151,400
|
| Charlotte, NC |
$153,300
|
| Chicago, IL |
$241,900 |
|
|
| |
New
and Existing
Single Family Homes |
| New
Single Family Homes
|
Building
Permits Filed |
4,223
|
|
|
| |
| Existing
Single Family Homes
|
Number of
Homes Sold |
13,237
|
Median Sale Price
|
$104,900
|
Average Sale Price
|
$118,179
|
4 Bedrooms |
$170,368
|
3 Bedrooms |
$108,677
|
2 Bedrooms |
$80,061
|
Condominiums |
$115,393
|
|
|
Whether you are looking for an historic neighborhood,
a low-maintenance condo or a new subdivision, Indianapolis
has a variety of housing solutions to meet your need.
Click on the links below to read more about neighborhoods
in Indianapolis.
Broad
Ripple
Broad Ripple is a residential area attractive to young
professionals and a community with a vibrant nightlife,
drawing thousands to its streets and businesses. Residents
and visitors can take a stroll down the Monon Trail,
a “rail-to-trail” project, stop at the small
specialty stores along the central canal, eat at one
of the many restaurants or visit the Indianapolis Art
Museum.
Location: northeast Indianapolis bounded
by the White River, Keystone Avenue, Kessler Boulevard,
and Meridian Street.
Beech
Grove
Beech Grove is a third class city with over 14,000 residents.
Beech Grove is mainly a residential community although
many large businesses are located here. The largest
employers are St. Francis Hospital with more than 3200
employees and the Amtrak Repair Facility with over 500
workers. This community offers a small town feel with
big city amenities.
Location: southeast portion of Marion
County
Butler
Tarkington
Butler-Tarkington is a well-established residential
area with housing built in the early 1990s. Home to
Butler University, Christian Theological Seminary, Crown
Hill Cemetery, 2 small commercial areas, several neighborhood
schools, and several community active churches, this
stable community has often been sited as an example
of successful racial integration.
Location: northwest Indianapolis bounded
by the Central Canal and Michigan Road, the west side
of Meridian Street, 38th Street, and Westfield Boulevard.
Crooked
Creek
Crooked Creek is home to a mainly residential area with
unique attributes which include three long-established
country clubs, numerous churches, five synagogues as
well as several Jewish educational and community institutions,
Indiana School for the Blind, private schools including
St. Luke’s, Park Tudor, Sycamore School and Orchard
School. On its outer edge, amenities include Butler
University, the Indianapolis Museum of Art, Christian
Theological Seminary, the Indianapolis Civic Theatre,
The Women’s Hospital of Indianapolis and St. Vincent’s
Hospital, and a large medical complex.
Location: far northwest Indianapolis
bounded by 79th Street on the north, White River on
the east, 38th Street on the south and Township Line
and Lincoln Roads on the west.
Cumberland
Established in the mid-1800s, Cumberland continues to
identify itself as a community rather than a suburb
of Indianapolis. Access to I-70 and downtown Indianapolis
has kept this area popular. Glen Oaks and Cumberland
Heights are its major subdivisions. The Mount Comfort
Airport sits on its border and the recent recommitment
to the Washington Square Mall provides residents with
viable shopping.
Location: west Indianapolis bounded
by Post Road to the west, 700 w to the east, just south
of Washington or US 40 to the south, and I70 to the
north.
Fountain
Square
There is a rich history to Fountain Square dating back
to the being Indianapolis’ southside commerce
center in the 1860s. Its turnaround at the intersection
of Virginia Avenue and Shelby and Prospect streets has
been home to several fountains, thus establishing this
areas name. It has a German heritage and was placed
on the National Register of Historic Places in 1983.
Fountain Square is home to commercial and residential
areas as well as Garfield Park.
Location: southeast of downtown Indianapolis,
bounded by Washington Street on the north, State Avenue
on the east, Pleasant Run on the South, and Madison
Avenue on the west.
Irvington
Road and rail transportation east of Indianapolis led
to the development of this secondary commerce center
in the mid-1800s. It was developed mainly as a residential
area with strong ties to education. It was the original
home of Northwest Christian University (now Butler University)
the second or third coeducational college in America.
Over the years, the urban sprawl of Indianapolis annexed
Irvington. Irvington remains a distinct community with
older homes that reflect the educated elite culture
it was founded on. It is home to Pleasant Run Park.
Location: east Indianapolis bounded
on the north by East 10th Street, on the east by Edmondson
Avenue, on the south by Brookville Road, and on the
west by Emerson Avenue.
Lawrence
Incorporated in 1929, Lawrence’s growth was spurred
by Western Electric, Ford and Chrysler plants on nearby
Shadeland Avenue. It was once home to an active military
base: Fort Benjamin Harrison. After the base closure
in 1997, the City of Lawrence has done extensive redevelopment
of this base including residential redevelopment, commercial
development and creating a state park on the grounds.
Fall Creek provides beautiful landscape and the suburban
sprawl around Geist Reservoir allow for continued growth.
Location: far east Marion County is
bounded roughly by Lee Road and Fall Creek on the west,
the Geist Reservoir on the north, County Line Road on
the south, and 62nd Street and 56th Street on the south.
Mapleton-Fall
Creek
Originated in 1880s and annexed in 1902, Mapleton became
"the" place to live in the city in the 1920s.
With urban sprawl, this area has transitioned over the
years. The Children’s Museum of Indianapolis,
Ivy Tech State College, Lilly Endowment and the Indiana
State Fairgrounds are located along this neighborhood’s
edges and continue to support the revitalization of
this area. In addition, the Mapleton/Fall Creek Neighborhood
Association is one of the most active neighborhood groups
in the city. In 1981, an eight-block area was declared
the first urban renewal area in the city. This effort
continues to this day.
Location: near northside bounded by
38th Street; on the southeast by Fall Creek Parkway
North Drive and on the west by Meridian Street.
Martindale
Brightwood
This neighborhood started in the 1870s as an industrial
community with many residents employed in machining
and manufacturing. It is home to Douglas park and Martin
University. A predominately African-American community
it has faced the common challenges facing most intercity
working class neighborhoods. The Martindale-Brightwood
Community Development Corporation has worked hard to
continue to address the needs of the community and some
revitalization has been seen. It opened Ralston Estates,
a new housing development, in 1995 and in 1998 Jirah
Sports created a facility for youth sports.
Location: near northside bounded on
the north by 30th Street; on the east by Sherman Drive;
on the south by 21st Street until it meets Massachusetts
Avenue and then south on Massachusetts to 10th Street;
and on the west by the Conrail tracks.
Meridian-Kessler
Meridian Kessler is a unique neighborhood located on
the main artery running north of Indianapolis. It is
a historic neighborhood is racially and socio-economically
diverse with magnificent mansions as well as smaller
homes and apartments. It is home to the newly renovated
Governor’s Mansion and is adjacent to Butler-Tarkington
and Broad Ripple. It is on the National Register of
Historic places and offers Home Tours and Decorator
Showroom tours on regular basis.
Location: northside bounded on the
north by Kessler Boulevard, on the east by the Monon
corridor, on the south by 38th Street and to the west
by Meridian Street.
Near
Eastside
The neighborhoods in the Near Eastside area are Arsenal
Heights, Brookside, Cottage Home, Emerson Heights, Grace-Tuxedo
and Woodruff Place. Two are placed on the national register
of historic places – Cottage Home and Woodruff
Place. It is home to Brookside Community Park. The Near
Eastside saw rapid growth in the 1910s and 1920s and
has since fought the effects of urban sprawl. In recent
years, organizations have been created to help this
community including the Near Eastside Multi-Service
Center, the Near Eastside Community Organization (NESCO)
and the New East Industrial Center. The City of Indianapolis
has continued to show support of the neighborhood by
providing revitalization grants.
Location: boundaries are Massachusetts
Avenue and 21st Street on the North; Emerson Avenue
on the East; the Conrail Railroad tracks south of Washington
Street on the South; and Interstate I-70 on the West.
Near
Westside
Situated west of the White River, the Indianapolis Zoo
and IUPUI, this once industrial community has had a
spirit of revitalization and cooperation in the 1990s.
Haughville is on the National Register of Historic Places.
It has been the focus of four large, federally-funded
revitalization programs, including a $190,000 planning
grant to recruit and train community leaders and to
formulate ways to launch a multi-faceted social service
program and a promised $16.3 million over three years
to revitalize the area.
Location: bounded by 16th Street on
the north, White River Parkway West Drive on the east,
the Conrail Railroad tracks south of Washington Street
on the south, and Tibbs Avenue on the west. The three
neighborhoods are Haughville, Hawthorne, and Stringtown.
Speedway
This city was built around the Indianapolis Motor Speedway,
home to the Indianapolis 500, Brickyard 400 and US Grand
Prix. Action is the word in this town in May ( and now
June and August). IMS is a strong community citizen
committed to the area, recently building a new headquarters
facility and revitalizing the corridor that runs to
the speedway from I-465. Residents are loyal to Speedway
often growing up and moving back to grow their own family.
Housing is very stable in the area. Other corporate
citizens include Coca-Cola and Proxair.
Location: City of Speedway with boundaries
of I-465 and High School Road on the west, 30th Street
on the north, the eastern edge of the Indianapolis Motor
Speedway on the east, and 10th Street on the south.
UNWA
This urban neighborhood on the near northwest side of
Indianapolis is bordered by St. Vincent Hospital, Ivy
Tech State College, Indianapolis Museum of Art, and
The Children’s Museum of Indianapolis. Over the
years, it has had several grants from the city for revitalization
of small areas within its borders. For example, The
Children’s Museum of Indianapolis is committed
to the area around its facility at 30th and Meridian
Streets. It is currently undergoing an expansion by
adding a parking garage and preparing to open its Dinosphere
exhibit in June of 2004. It worked with the City to
upgrade 30th street from I-65 to its facility, while
a new fire station was construction several years ago
and housing improvements continue in the surrounding
neighborhood.
Location: bounded on the west by the
White River, on the north by 38th Street, and on the
south by 16th Street. The eastern boundary forms a jagged,
stair-step line: between 16th and 22nd Streets Fall
Creek Boulevard is the boundary, between 22nd and 30th
Streets I-65 is the boundary, and between 30th and 38th
Streets Meridian is the boundary. |