Why Live in Marian Cold Springs
Marian Cold Springs in Indianapolis is a neighborhood that blends educational opportunities with natural beauty. Home to Marian University and a K-8 environmental science school, the area is bordered by the White River and adjacent to Riverside Park, which is undergoing an $11 million revitalization. Riverside Park, the city’s second-largest park, offers extensive green spaces, two 18-hole golf courses, fitness classes, a BMX track, a skatepark, and the Taggart Memorial Amphitheater, which hosts outdoor performances. The neighborhood is conveniently located four miles from downtown Indianapolis, making it easy to access urban amenities. Housing options include Cape Cod-style homes and midcentury ranches, typically situated on small lots with either attached or detached garages. Green Hills Lane and Meeting House Lane feature homes with larger yards and mature trees. Herron-Riverside High School, a nearby highly rated school, offers strong arts and language programs. Residents enjoy easy access to attractions like the Indianapolis Motor Speedway and the Indianapolis Zoo. Shopping options are limited within the neighborhood, but nearby 38th Street and Lafayette Road provide access to major retailers like Walmart and Target. The Iron Skillet, a local restaurant, has been serving family-style dinners since 1953. Pedestrian paths, such as the Central White River Trail, and roadways like Cold Spring Road facilitate easy movement within the neighborhood. However, areas along the river and certain streets on the west side face a high flood risk.
Frequently Asked Questions
Is Marian Cold Springs a good place to live?
Marian Cold Springs is a good place to live. Marian Cold Springs is considered car-dependent and somewhat bikeable with some transit options. Marian Cold Springs is a suburban neighborhood. Marian Cold Springs has 6 parks for recreational activities. It is sparse in population with 3.0 people per acre and a median age of 29. The average household income is $70,974 which is below the national average. College graduates make up 42.3% of residents. A majority of residents in Marian Cold Springs are renters, with 50.7% of residents renting and 49.3% of residents owning their home. A
local real estate agent serving Marian Cold Springs can help you decide if this neighborhood is the right one for you. Learn more on our
Marian Cold Springs neighborhood guide.
How much do you need to make to afford a house in Marian Cold Springs?
The median home price in Marian Cold Springs is $209,500. If you put a 20% down payment of $41,900 and had a 30-year fixed mortgage with an interest rate of 6.58%, your estimated principal and interest payment would be $1,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $46K a year to afford the median home price in Marian Cold Springs. The average household income in Marian Cold Springs is $71K.
What are the best public schools in Marian Cold Springs?
The best public schools that serve Marian Cold Springs are:
What are the best private schools in Marian Cold Springs?
The best private schools that serve Marian Cold Springs are:
What are the most popular zip codes in Marian Cold Springs, Indianapolis, IN?
What are the most popular neighborhoods near Marian Cold Springs, Indianapolis, IN?
Are home prices dropping in Marian Cold Springs?
Yes, home prices in Marian Cold Springs are down 4% in the last 12 months.
Home Trends in Marian Cold Springs, IN
On average, homes in Marian Cold Springs, Indianapolis sell after 15 days on the market compared to the national average of 52 days. The median sale price for homes in Marian Cold Springs, Indianapolis over the last 12 months is $200,500, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$200,500
Median Single Family Sale Price
$203,000
Average Price Per Sq Ft
$136
Number of Homes for Sale
4
Last 12 months Home Sales
14
Median List Price
$209,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%