Why Live in Forest Manor
Forest Manor in Indianapolis is an older mid-20th century neighborhood known for its traditional homes and mature tree-lined streets. Its prime location offers residents quick access to downtown and several recreational spaces. The neighborhood is undergoing rejuvenation, with a mix of older residents and families enjoying the community amenities. Forest Manor Park, just seven minutes south, features nearly 20 acres of green space, baseball fields, and picnic areas. Washington Park, five minutes away, offers basketball courts, a disc golf course, playgrounds, and walking trails. Dining options nearby include Kings Ribs Bar-B-Q, Jamaican Breeze Sports Bar & Grill, Paco’s Taqueria, and R&R Extreme Wings, providing a variety of local favorites. The Indiana State Fairgrounds, 10 minutes away, hosts the annual state fair with carnival rides, concerts, and diverse food vendors. Fort Harrison State Park, less than 15 minutes from Forest Manor, offers walking trails, fishing, horse trails, and an 18-hole golf course. Families can also visit the Children’s Museum of Indianapolis, the largest of its kind in the world, located less than 12 minutes away. The neighborhood is safer than the national average, adding to its appeal for potential home buyers.
Frequently Asked Questions
Is Forest Manor a good place to live?
Forest Manor is a good place to live. Forest Manor is considered car-dependent and somewhat bikeable with some transit options. Forest Manor is a suburban neighborhood. Forest Manor has 5 parks for recreational activities. It is somewhat dense in population with 6.2 people per acre and a median age of 44. The average household income is $49,711 which is below the national average. College graduates make up 19.7% of residents. A majority of residents in Forest Manor are home owners, with 36.5% of residents renting and 63.5% of residents owning their home. A
local real estate agent serving Forest Manor can help you decide if this neighborhood is the right one for you. Learn more on our
Forest Manor neighborhood guide.
How much do you need to make to afford a house in Forest Manor?
The median home price in Forest Manor is $614,900. If you put a 20% down payment of $123,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,190 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $137K a year to afford the median home price in Forest Manor. The average household income in Forest Manor is $50K.
What are the best public schools in Forest Manor?
The best public schools that serve Forest Manor are:
What are the best private schools in Forest Manor?
The best private schools that serve Forest Manor are:
What are the most popular zip codes in Forest Manor, Indianapolis, IN?
What are the most popular neighborhoods near Forest Manor, Indianapolis, IN?
Home Trends in Forest Manor, IN
On average, homes in Forest Manor, Indianapolis sell after 60 days on the market compared to the national average of 70 days. The median sale price for homes in Forest Manor, Indianapolis over the last 12 months is $515,000.
Median Sale Price
$515,000
Median Single Family Sale Price
$609,990
Median Townhouse Sale Price
$1,055,000
Median 1 Bedroom Sale Price
$300,000
Average Price Per Sq Ft
$286
Number of Homes for Sale
11
Last 12 months Home Sales
44
Median List Price
$614,900
Median Change From 1st List Price
0%