The Indianapolis Region’s revitalized, existing and brand new neighborhoods feature not only prime housing, residential areas, but also shopping and entertainment for every member of the family.
Affordable Homes & Friendly People
The Indianapolis Region has been recognized as the "most affordable major U.S. housing market" for 22 of the last 34 quarters ... and the people are nice, too!
The Indianapolis region has some of the nation’s most affordable housing
The Indianapolis housing market remains steady, unlike other, more volatile parts of the country. Not only has Indianapolis retained its home values, it is also consistently ranked as the most affordable major U.S. housing market by the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). As of 2nd Quarter 2013, the HOI has ranked Indianapolis the most affordable major U.S. housing market for 22 of the last 34 quarters.
According to the HOI report, 92.7 percent of homes sold in Indianapolis in the first quarter of 2013 were affordable to families earning the area’s median household income of $65,100. “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.
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. Downtown's Massachusetts Avenue and Fountain Square neighborhoods not only contain residential areas, but also have large concentrations of art galleries, theaters, pubs, restaurants, unique shops and other recreational activities.
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 as well as several communities in Hendricks and Johnson Counties compliment their housing options with traditional downtown areas for shopping and entertainment.