Real Estate Market Update for Indianapolis, IN

Video: Real Estate Community Tour for Indianapolis, IN

See Real estate community tour for Indianapolis, IN Welcome to Indianapolis! The capital of Indiana and one of the fastest growing metropolitan areas in the country. Indianapolis is the 12th largest city in the US. Residents have access to education through the eleven public school districts and numerous private schools in the city. There is also opportunity for higher education, as the city is home to many colleges and universities including Ball State, Brown Mackie, Butler University and the Kelly School of Business just to name a few. Visit the wholesale district and you will find the epicenter of downtown Indianapolis, including Circle Centre Mall with more than 125 shopping dining and entertainment options. Catch a Pacers game at Conseco Fieldhouse or watch the NFLs Colts play at Lucas Oil Stadium. Castleton is a residential district located in the northeast corner of the city, and is one of the most popular neighborhoods in the area! There are many fun attractions to visit, including White River State Park, and the Indianapolis Motor Speedway! Tour the many attractive homes available throughout Indianapolis on century21.com!
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 19% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold decreased 6% year-over-year, and increased 4% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Welcome to Indianapolis! The capital of Indiana and one of the fastest growing metropolitan areas in the country. Indianapolis is the 12th largest city in the US. Residents have access to education through the eleven public school districts and numerous private schools in the city. There is also opportunity for higher education, as the city is home to many colleges and universities including Ball State, Brown Mackie, Butler University and the Kelly School of Business just to name a few. Visit the wholesale district and you will find the epicenter of downtown Indianapolis, including Circle Centre Mall with more than 125 shopping dining and entertainment options. Catch a Pacers game at Conseco Fieldhouse or watch the NFLs Colts play at Lucas Oil Stadium. Castleton is a residential district located in the northeast corner of the city, and is one of the most popular neighborhoods in the area! There are many fun attractions to visit, including White River State Park, and the Indianapolis Motor Speedway! Tour the many attractive homes available throughout Indianapolis on century21.com!
Show Transcript
Map Information for Indianapolis, IN
Area Information for Indianapolis, IN
  • Population: 836,828
  • Median Age: 33.41 yr
  • Median Commute Time: 20.3 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,315/sq mi
  • Population Change Since 2000: 6.75%
  • Closest Airport: Indianapolis International
  • Closest College: Harrison College
  • Closest Jr. College: Ivy Tech Community Cllg-central Indiana
  • Median Household Income: $43,769
  • Annual Residential Turnover: 24.49%
  • Median Years in Residence: 2.99 yr
  • Median Home Sales Price: $111,380
  • Closest Major Sports Team: Colts
  • Change Avg. Household Income Since 2000: 9%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Indianapolis, IN
Median Age: 33.41 Married: 26% Number of Households: 342,567 Households with Children: 109,864
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Indianapolis, IN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Center For Inquiry 1.0 mi Public K-8 3-5 5
      Se Neighborhood Sch Of Excellence 1.3 mi Public K-8 1 4
      Trinity Christian School 1.6 mi Private K-12 2 5
      Herron High School 1.8 mi Public 9-12 0 4
      Frederick Douglass School 19 2.0 mi Public PRESCHOOL-8 1 5
      The Oaks Academy 2.5 mi Private PRESCHOOL-8 4-5 5
      St Richard School 3.7 mi Private PRESCHOOL-8 0 4
      William A Bell School 60 3.7 mi Public K-3 0 5
      Ernie Pyle School 90 3.8 mi Public K-6 3-5 4
      Calvary Christian School 3.8 mi Private PRESCHOOL-12 4-5 4
      Louis B Russell Jr School 48 3.9 mi Public PRESCHOOL-6 0 5
      Beech Grove Middle School 4.0 mi Public 7-8 3 4
      Knowledge School Of Indianapolis 4.1 mi Private PRESCHOOL-12 5 4
      Cardinal Ritter Jr/sr. High School 4.7 mi Catholic 9-12 3-5 5
      Montessori Childrens House 4.7 mi Private PRESCHOOL-6 0 4
      Indiana School For The Deaf 4.9 mi Public PRESCHOOL-12 2 5
      The Challenge Foundation Academy 5.0 mi Public K-5 1 5
      International School Of Indiana 5.2 mi Private PRESCHOOL-12 0 5
      International Sch Of In (4 8) 5.2 mi Private 4-8 0 5
      Hornet Park Elementary School 5.2 mi Public PRESCHOOL-1 0 5
      Carl G Fisher Elem School 1 5.3 mi Public PRESCHOOL-6 2-5 3
      Speedway Junior High School 5.3 mi Public 7-8 3-5 4
      Kipp Indpls College Preparatory 5.4 mi Public 5-8 1 5
      The Independence Academy 5.4 mi Private 5-12 0 5
      Fortune Academy 5.4 mi Private 1-12 0 5
      Little Peoples Prep 5.5 mi Private PRESCHOOL-3 0 4
      Roncalli High School 5.5 mi Catholic 9-12 4 5
      Lowell Elementary School 5.7 mi Public K-4 3 5
      Southport 6th Grade Academy 5.7 mi Public 6-6 2-5 4
      James A Allison Elem School 3 5.8 mi Public K-6 4 4
      Arthur C Newby Elem School 2 5.9 mi Public K-6 3 5
      Carl Wilde School 79 6.2 mi Public K-6 1 5
      Ben Davis University High School 6.3 mi Public 9-12 4-5 3
      Frank H Wheeler Elem School 4 6.4 mi Public K-6 3-5 5
      Center For Inquiry Ii 6.5 mi Public K-8 4-5 5
      Westlake Elementary School 6.7 mi Public K-6 0 5
      Faith Christian School 6.7 mi Private PRESCHOOL-PRESCHOOL 0 4
      Crooked Creek Elementary School 6.8 mi Public K-5 3-5 5
      Bishop Chatard High School 7.0 mi Catholic 9-12 3-5 5
      Hawthorne Elementary School 7.0 mi Public K-4 2-5 5
      Lutheran High School Of Indianapolis 7.1 mi Private 9-12 3 5
      Fox Hill Elementary School 7.1 mi Public K-5 1 4
      Arlington Elementary School 7.2 mi Public K-5 2-5 4
      Worthmore Academy 7.3 mi Private K-12 0 5
      Liberty Park Elementary School 7.3 mi Public K-4 2-5 4
      Cathedral High School 7.4 mi Catholic 9-12 4-5 4
      Southport Elementary School 7.4 mi Public K-5 1 4
      Ben Davis Ninth Grade Center 7.4 mi Public 9-9 1 5
      Blue Academy 7.5 mi Public 1-6 2 5
      Raymond Park Intermediate Academy 7.5 mi Public 5-6 2-5 5
      Indianapolis Junior Academy 7.6 mi Private PRESCHOOL-12 0 4
      The Orchard School 7.6 mi Private PRESCHOOL-8 0 5
      The Childrens House 7.8 mi Private PRESCHOOL-8 0 5
      Covenant Christian High School 7.8 mi Private 9-12 4 5
      Sycamore School 7.8 mi Private PRESCHOOL-8 0 5
      Perry Meridian 6th Grade Academy 7.8 mi Public 6-6 2-5 4
      Hasten Hebrew Acad Of Indianapolis 7.9 mi Private PRESCHOOL-8 4 5
      Southport Presbyterian Chrst School 7.9 mi Private PRESCHOOL-7 4 4
      Rosa Parks Edison Elementary School 7.9 mi Public K-5 4 5
      Valley Mills Elementary School 8.0 mi Public 1-6 1 5
      Burge Terrace Christian School 8.1 mi Private PRESCHOOL-6 0 5
      New Augusta Pub Aca South 8.2 mi Public K-5 2 4
      Crosspointe Christian Academy 8.3 mi Private PRESCHOOL-12 0 4
      Curtis Wilson Primary Sch & Acad 8.4 mi Private PRESCHOOL-6 4 5
      Bunker Hill Elementary School 8.5 mi Public K-5 4 4
      Park Tudor School (9 12) 8.5 mi Private K-12 0 5
      Park Tudor School (1 5) 8.5 mi Private PRESCHOOL-5 0 5
      Lakeside Elementary School 8.5 mi Public K-4 1 4
      Walker Career Center 8.6 mi Public 9-12 0 4
      Eagle Creek Elementary School 8.7 mi Public K-5 3-5 4
      Deer Run Elementary 8.7 mi Public K-5 2 4
      Grassy Creek Elementary School 9.0 mi Public K-4 2 4
      Robey Elementary School 9.1 mi Public K-6 3-5 5
      Lillie Idella Kitley Elementary 9.6 mi Public K-5 3 4
      Eastridge Elementary School 9.7 mi Public K-4 1 5
      Spring Mill Elementary School 9.9 mi Public K-5 2-5 4
      Allisonville Elementary School 10.0 mi Public 1-5 3-5 5
      Colonial Christian School 10.1 mi Private K-12 0 5
      Heritage Christian School 10.2 mi Private PRESCHOOL-12 4-5 4
      Pleasant Grove Elem School 10.3 mi Public K-5 4 4
      South Creek Elementary School 10.4 mi Public K-5 4 4
      North Central High School 10.4 mi Public 9-12 2-5 4
      J Everett Light Career Ctr 10.4 mi Public 11-12 0 5
      V O Isom Central Elem School 10.5 mi Public K-5 2-5 5
      Center Grove Middle School North 10.5 mi Public 6-8 4 4
      Mckenzie Career Center 10.6 mi Public 9-12 0 5
      Sugar Grove Elementary School 11.0 mi Public K-5 4 4
      Southwest Elem School 11.0 mi Public K-5 3 5
      Cornerstone Baptist Academy 11.3 mi Private PRESCHOOL-11 0 4
      Westwood Elementary School 11.3 mi Public K-5 4 5
      Indiana Virtual School 11.5 mi Public 5-12 0 0
      Orchard Park Elementary School 12.1 mi Public PRESCHOOL-5 3-5 4
      Greenwood Bible Baptist School 12.3 mi Private K-11 0 5
      Greenwood Christian Academy 12.3 mi Private PRESCHOOL-12 3-5 4
      Clark Pleasant Middle School 12.8 mi Public 7-8 4 3
      Clark Pleasant Intermediate School 12.8 mi Public 5-6 4 4
      Center Grove Elementary School 12.8 mi Public K-5 4-5 5
      Center Grove Middle Schl Central 13.0 mi Public 6-8 4-5 4
      Fishback Creek Public Aca 13.1 mi Public PRESCHOOL-5 2 5
      Amy Beverland Elementary 14.0 mi Public 1-6 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Indianapolis, IN
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.