Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
very simple if you think about it
Indianapolis is surrounded by farmland in all directions. there is no natural barriers to development.
So its very easy to develop out in any direction and fill in any gaps.
Unlike Chicago which can only expand west/north/south hence why housing is way to expensive there.
Its easy to convert farmland to subdivisions/suburbs.
Also Indy has made leaps and bounds to revitalize the intercity core over the past 30 years so alot of homes that were junk before are being renovated and put on the market. excess supply=lower price.
so a combination of all those factors plus the fact Indiana has one of the lowest property tax rates in the nation with the 1% that just helps affordability.
But as some friends of mine were saying homes were selling in like a week or 2 in the metro area. Home Building is up in Indy/new home sales and startup/permits are too. existing home sales also are up. All of that is contributing to the price going up now Median price of homes in Indy are at 115k.
If you watch Househunters a couple that relocated from San Fransico to Indianapolis bought a 1950s renovated home with recently updated features/appliances for 167k. Very nice location/big yard too. That doesnt mention their cost of living is 50% lower than San Francisco .
I have to say that couple was spot on though about Hoosier Hospitality
Yes, I saw that HGTV episode and they were hipsters as well...
They bought that house for 167K in the Broad Ripple neighborhood.
That Broad Ripple sounds somewhat like the Syracuse episode where the Guy moves from his Chicago condo and into a home in one of the nicest neighborhoods in the city of Syracuse.
Yes, I saw that HGTV episode and they were hipsters as well...
They bought that house for 167K in the Broad Ripple neighborhood.
Although Broad Ripple isnt a Suburb lol its part of the City of Indianapolis.
If your in Marion County your in Indy.
Suburbs are in the outlying counties
Although Broad Ripple isnt a Suburb lol its part of the City of Indianapolis.
If your in Marion County your in Indy.
Suburbs are in the outlying counties
I didn't think I said that it was a suburb. I know Broad Ripple is in Marion County.
exactly.
Also its a pain in the rear to commute in Chicago by car so its harder to expand outward cause you cant just add to the L train lines. thats expensive too.
But Indy has plenty of room to expand in any direction so everything is affordable here
exactly.
Also its a pain in the rear to commute in Chicago by car so its harder to expand outward cause you cant just add to the L train lines. thats expensive too.
But Indy has plenty of room to expand in any direction so everything is affordable here
What you are really saying is this:
Indianapolis has no barrier to stop suburban sprawl, and no compelling reason for people to stay in the Indianapolis urban core. Center Township is bleeding people for this very reason. If you are championing the death of Indianapolis, then so be it. You live in South Bend so its no loss for you.
Although Broad Ripple isnt a Suburb lol its part of the City of Indianapolis.
If your in Marion County your in Indy.
Suburbs are in the outlying counties
ya but Broad Ripple is in the Indianapolis city limits.
Its not Speedway/Lawrence/Southport/Beach Grove.
But lol cant redo it now the TV episode is already aired.
Generally speaking if you threw a dart from space into Marion county 95% of the time youll hit an area in Indianapolis.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Median price of homes in Indy are at 115k.
