Housing

The Indianapolis Region has nation’s most affordable housing 10 quarters in a row

     

In 2007, the Indianapolis housing market remained steady, unlike other, more volatile parts of the country. Not only has Indianapolis retained its home values, but it also maintained its position as the most affordable major U.S. housing market for a 10th-consecutive quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released Feb. 19, 2008.

According to the HOI report, 89.5 percent of homes sold in Indianapolis in the fourth quarter of 2007 were affordable to families earning the area’s median household income of $63,800. “Our home affordability and the selection of available homes both favor employers. From downtown townhouses to estate homes on wooded lots, there are homeownership choices in the Indianapolis Region for all levels of a company’s work force,” said Steve Lains, CEO of the Builders Association of Greater Indianapolis.

Housing affordability has definitely contributed to the quality of life enjoyed by Indianapolis area residents. When surveyed, over three-quarters of Indianapolis-area households rate their county as a good or excellent place to live.

Location, Location, Location. The Variety of Neighborhood Choices Is As Broad As It Is Interesting

The Broad Ripple neighborhood has many daytime attractions and a bustling nightlife including enough different entertainment, art and restaurant options to keep visitors busy for days. Massachusetts Avenue not only contains residential areas, it also has more than seven blocks of art galleries, theaters, restaurants and unique small shops.

New housing developments in the Indianapolis Region seem to be starting and growing each year. Some of the newest developments include Villages of West Clay in Hamilton County, Fall Creek Place in Marion County, Sawmill in Hancock County, Heartland Crossing in Morgan County and Central Park in Shelby County. These developments offer housing and shopping options as well as light industrial businesses.

Some neighborhoods were developed years ago but still attract new residents because of their location and wide variety of amenities. Geist Reservoir spans across three counties and serves as the center point of a close-knit community with golf courses, shopping centers, parks and top notch schools. Historic Zionsville and Johnson County have traditional downtown areas for shopping and entertainment.