Homes for Sale in Indianapolis, IN
Indianapolis, IN is the capital and most populated city of Indiana. The U.S. Census Bureau estimated the 2017 population to be 863,002, ranking it as the 16th most populated city in the entire country. This Midwestern cosmopolitan city is home to various local amenities, a strong economy, and great neighborhoods. Prospective homebuyers have many reasons to call Indianapolis their new home.
Residential Real Estate Market
Indianapolis is a popular place to live in and has a very hot sellers’ market. The home values in Indianapolis have increased by 15.1 percent from 2018 to 2019 and are expected to rise another 7.2 percent in the net year. The average home value in Indy is currently $144,200. Consulting with an experienced real-estate broker is advised in order to get the best deal on an Indianapolis home.
There has been extensive job growth in Indianapolis. It is ranked as the 27th biggest economic area in America, largely due to the industries of finance and insurance, professional and business services, and manufacturing. The economy also has noteworthy niches in auto racing and amateur sports. Several Fortune 500 companies have headquarters in Indianapolis, including Simon Property Group, Eli Lilly and Company, and Anthem. Indianapolis also ranks as one of the fastest areas of job growth when it comes to technology-related careers.
Some of the best neighborhoods in Indianapolis include:
- North Central
- New Palestine
Indianapolis has a total of 99 community areas with smaller neighborhoods within them.
Schools and Colleges
Indianapolis has 100 public schools and 158 private schools. Some of the highest-ranked schools are Herron High School, Paramount School of Excellence, and Bunker Hill Elementary School. The city is also home to several higher education institutions, including Indiana University – Purdue University Indianapolis, Ivy Tech Community College of Indiana, Butler University, and Marian University.