neighborhoods

Franchise Feature: Indianapolis

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    Indianapolis Downtown

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Originally nicknamed the “Crossroads of America” for sitting at the junction of multiple highways, Indianapolis has certainly become the intersection of culture, nightlife, nature and sports.

With a bustling downtown, major sports teams, numerous parks and an affordable housing market, it’s easy to see why folks are flocking to Indy.

Known most notably for the Indy 500, which recently took place at the end of May, Indianapolis is famous for the Indianapolis Motor Speedway. Along with world-class racing, Indianapolis has major sports teams such as the NFL Indianapolis Colts and the NBA Indiana Pacers, making it an ideal place for sports fans.

It’s the 12th largest city in the nation, second only to Washington DC in its number of monuments.  It boasts major universities such as Purdue, Butler and the University of Indiana.

Besides its many monuments, residents can enjoy neighborhoods with a diverse range of dining, shopping, theatre, art, live music and nightlife such as:

Zionsville

A lovely place for families to settle with top rated schools, a charming New England style downtown and a quaint community full of unique local shops and restaurants.

Carmel

Money Magazine named Carmel the 3rd best place to live – now that’s impressive! It has a strong local economy with projected job growth and top rated schools, along with pedestrian friendly streets and an authentic sense of community.

Northern Indianapolis

Located only 15 minutes from downtown, this area has an exciting mix of entertainment, local art and dining.  Residents have access to great local schools and safe investment opportunities as Northern Indianapolis has an established real estate market.

Downtown

This neighborhood has something for everyone with single-family homes, condos, high-end lofts and converted work/live spaces available. It’s highly accessible as well with interconnected biking and running trails and has plenty to do for every type of interest from the Colts and the Pacers to Mass Ave Theatre.

Broadripple/Meridian Kessler

Known for its older homes and historically rich background, this neighborhood is only 5 minutes from downtown. It offers a wide range of dining an entertainment options and has a strong LGBT community.

While the city has much to offer, Indianapolis also has ample outdoor space for nature lovers to enjoy such as Eagle Creek Park and Nature reserve, one of the largest parks in the U.S., along with hundreds of local parks and bike paths.

Residents enjoy a low cost of living compared to the larger cities in the nation, meaning locals can stretch their dollars a bit further and enjoy all that the city has to offer. Studies show that the cost of living in Indianapolis is approximately 4% cheaper than the rest of the nation when looking at housing, healthcare, childcare and transportation.

Along with a lower cost of living, residents can enjoy the benefits of an affordable housing market. The median home values in Indiana are below the national average. According to Zillow, the median home value in Indiana is $130,400, whereas the national average is $178,400.

With a thriving city culture, low cost of living and reasonable housing prices, Indianapolis is an ideal place to set up shop and get the best of city living without the expensive city price tags.

If you’re looking to buy a home in Indiana, check out our office in Carmel, IN – a northern suburb of Indianapolis.

Sources:

http://careers.angieslist.com/life-in-indy/

http://www.zillow.com/indianapolis-metro-in_r394705/home-values/

http://cost-of-living.startclass.com/l/195/Indianapolis-IN-Metro-Area

http://www.clrsearch.com/Indianapolis-Demographics/IN/Quality-of-Life

http://motorsportstalk.nbcsports.com/2015/05/26/juan-pablo-montoya-earns-nearly-2-5-million-for-indy-500-win-full-box-score-with-winnings-attached/

Three Things That Attract Potential Buyers to a Certain Neighborhood

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    neighborhood

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Having a tough time drawing potential buyers, even when your home is looking as perfect as possible? Take a look around you for help. Buyers aren’t just interested in the house. They also want to be in a great neighborhood, too.

Emphasize the positive aspects of your local area in your listing or when talking to potential buyers. These are a few of the top things that attract buyers to a neighborhood:

  • Good schools: This is one of the most important aspects that potential buyers with kids look for. Check out how your local public and private schools are performing, and be sure to mention them to buyers if the results are positive.
  • Pedestrian-friendly: Is your neighborhood a pleasant place to walk around in? Are there a lot of side streets that don’t get a lot of traffic? Let buyers know about nearby parks and local businesses, such as grocery stores, that they can walk to easily.
  • Public transit: If you’re close to a local bus line or another form of public transportation, make sure buyers know about it.

Need more advice on things that attract buyers to a neighborhood? Stop by United Real Estate and visit our Facebook page.