Why Live in Fletcher Place
Fletcher Place in Indianapolis is a historic neighborhood known for its quaint and charming homes, reflecting a variety of architectural styles including cottages, bungalows, Stick, Queen Anne, and Italianate. Originally settled by Danish and Italian craftsmen, the area features homes that are rich in character. Condos in the neighborhood range from units in historic buildings to modern complexes along Virginia Avenue. The neighborhood's proximity to downtown is highlighted by views of Salesforce Tower and the headquarters of Eli Lilly Co., making it convenient for those working in the city center. The IndyGo Red Line provides public transportation options, though it is still gaining traction among residents. Fletcher Place is also near the medical corridor, including IU Health University Hospital and Eskenazi Hospital, about 3.5 miles away. Indianapolis International Airport is 15 miles from the neighborhood, and the Amtrak station is about a mile away.
Fletcher Place is home to several notable attractions, including acclaimed restaurants like Bluebeard and Milktooth, as well as Calvin Fletcher’s Coffee House. The neighborhood also boasts Chilly Water Brewing Company and Hotel Tango Distillery. The Dugout Bar, a beloved dive bar, adds to the local charm. The Holy Rosary Catholic Church Italian Street Festival is a major annual event, bringing the community together each June. Residents can enjoy Edna Balz Lacy Park, which features bocce courts, and Fletcher Woods, a small park with a winding path. The Indianapolis Cultural Trail runs through the neighborhood, providing a scenic route to Lucas Oil Stadium and Gainbridge Fieldhouse. Herron High, an A-rated charter school, is available for students in the area.
Frequently Asked Questions
Is Fletcher Place a good place to live?
Fletcher Place is a good place to live. Fletcher Place is considered fairly walkable and a biker's paradise with good transit options. Fletcher Place is a suburban neighborhood. Fletcher Place has 6 parks for recreational activities. It is fairly dense in population with 12.1 people per acre and a median age of 34. The average household income is $115,499 which is above the national average. College graduates make up 42.9% of residents. A majority of residents in Fletcher Place are renters, with 76.4% of residents renting and 23.6% of residents owning their home. A
local real estate agent serving Fletcher Place can help you decide if this neighborhood is the right one for you. Learn more on our
Fletcher Place neighborhood guide.
How much do you need to make to afford a house in Fletcher Place?
The median home price in Fletcher Place is $376,500. If you put a 20% down payment of $75,300 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $1,900 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K a year to afford the median home price in Fletcher Place. The average household income in Fletcher Place is $115K.
What are the best public schools in Fletcher Place?
The best public schools that serve Fletcher Place are:
What are the best private schools in Fletcher Place?
The best private schools that serve Fletcher Place are:
What are the most popular zip codes in Fletcher Place, Indianapolis, IN?
What are the most popular neighborhoods near Fletcher Place, Indianapolis, IN?
Are home prices dropping in Fletcher Place?
Yes, home prices in Fletcher Place are down 11% in the last 12 months.
Home Trends in Fletcher Place, IN
On average, homes in Fletcher Place, Indianapolis sell after 63 days on the market compared to the national average of 52 days. The median sale price for homes in Fletcher Place, Indianapolis over the last 12 months is $345,650, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$345,650
Median Single Family Sale Price
$350,000
Median Townhouse Sale Price
$291,000
Median 2 Bedroom Sale Price
$325,000
Median 1 Bedroom Sale Price
$235,000
Average Price Per Sq Ft
$246
Number of Homes for Sale
11
Last 12 months Home Sales
45
Median List Price
$376,500
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-11%