Why Live in Edgewood
Edgewood, a neighborhood in Indianapolis, is characterized by its mature trees and diverse architectural styles, with homes built between the 1920s and 1960s. Residents will find a mix of bungalows, Cape Cods, ranches, split levels, foursquares, and Prairie-inspired designs. The area is part of Perry Township, known for its affordability compared to other parts of the city. Schools in Edgewood include Homecroft Elementary, Southport 6th Grade Academy, Southport Middle School, and Southport High School, all of which have high ratings. Roncalli High School, a top-rated institution, is also located here. Edgewood features a variety of local stores and restaurants, such as Chingitti Halal Market, YP African Market, El Sabor Mexican & Chinese Food, Flap-Jacks Pancake House, and Kim’s Kakery, Bakery and Cafe. The neighborhood is well-connected, with Madison Avenue providing a six-mile drive to downtown Indianapolis and bus routes and bike lanes available along this street. Interstate 465 and I-65 form the northern and eastern boundaries, respectively. The Burmese American Community Institute supports the significant Burmese population in the area. While Edgewood lacks parks, nearby options include Southport Park, Southside Park, and Tollin-Akeman Park. The neighborhood has a lower crime risk compared to the national average. However, potential flood risks exist due to the presence of multiple creeks, and noise from I-465 can be an issue in the northern part of the neighborhood.
Frequently Asked Questions
Is Edgewood a good place to live?
Edgewood is a good place to live. Edgewood is considered very car-dependent and somewhat bikeable with minimal transit options. Edgewood is a suburban neighborhood. Edgewood has 8 parks for recreational activities. It is fairly sparse in population with 4.1 people per acre and a median age of 36. The average household income is $69,054 which is below the national average. College graduates make up 15% of residents. A majority of residents in Edgewood are home owners, with 42.4% of residents renting and 57.6% of residents owning their home. A
local real estate agent serving Edgewood can help you decide if this neighborhood is the right one for you. Learn more on our
Edgewood neighborhood guide.
Is Edgewood, IN a safe neighborhood?
Edgewood, IN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Edgewood?
The median home price in Edgewood is $429,999. If you put a 20% down payment of $86,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,230 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $96K a year to afford the median home price in Edgewood. The average household income in Edgewood is $69K.
What are the best public schools in Edgewood?
The best public schools that serve Edgewood are:
What are the best private schools in Edgewood?
The best private schools that serve Edgewood are:
What are the most popular zip codes in Edgewood, Indianapolis, IN?
What are the most popular neighborhoods near Edgewood, Indianapolis, IN?
Are home prices dropping in Edgewood?
Yes, home prices in Edgewood are down 21% in the last 12 months.
Home Trends in Edgewood, IN
On average, homes in Edgewood, Indianapolis sell after 76 days on the market compared to the national average of 70 days. The median sale price for homes in Edgewood, Indianapolis over the last 12 months is $309,899, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$309,899
Median Single Family Sale Price
$408,995
Median Townhouse Sale Price
$250,990
Average Price Per Sq Ft
$209
Number of Homes for Sale
5
Last 12 months Home Sales
43
Median List Price
$429,999
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-30%