$125,931Average Value$274Average Price per Sq Ft7Homes For Sale
Affordable housing options near the Indianapolis Motor Speedway
Within earshot of the world-famous Indianapolis Motor Speedway, Fairfax is a humble neighborhood filled with low-cost homes and a young population.
Located in Indianapolis’ Near Westside between the 10th Street and West Michigan Street corridors, most homes in Fairfax are spread across more than a dozen leafy street grid blocks. While the thunderous roar of race car engines and motorsport fans comes in waves throughout the year, the neighborhood is otherwise quiet, except for vehicle and bus traffic on the main thoroughfares.
With Near Westend’s roots as an industrial suburb going back to the mid-1800s, Fairfax takes on a distinctly blue-collar character with a median household income of $34,000 and a host of refineries, transmission plants and other industrial facilities next to the neighborhood. Just beyond it further west, however, the pageantry around the Speedway and a Main Street corridor with restaurants, gift shops and event venues provide fun and excitement off the track.
Ridenour Park sits alongside Eagle Creek, and offers beautiful views year round.
Fairfax sits conveniently close to both downtown and Speedway.
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Plenty of homes available under $100,000
Fairfax is an old neighborhood, filled with small Craftsman bungalows and cottages from the early 1900s that average about 1,300 square feet. More than half of them were built before 1925. Based on the typical condition, age and size of the homes, these properties usually sell for around $100,000, making Fairfax one of the city’s least expensive neighborhoods. Real estate investors seek investment opportunities here, as 56% of residents rent their homes.
Fairfax residents take pride in the homes they own and live in.
Fairfax homes are filled with character and personality.
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Family-owned businesses and tons of entertainment in nearby Speedway
Though mostly residential, Fairfax’s placement between two busy roads means residents can buy food, groceries and other essentials close to home. “There’s a lot of mom-and-pop shops and a plethora of Mexican stores and pop-ups,” says Brian Smith, a local real estate broker and owner of Great Woods Realty. “King Ribs Bar-B-Q is also nearby on 16th Street. People will come to town and say they have to eat there because it’s so good.” About a mile east of the neighborhood on Michigan Street, folks can shop for groceries at Kroger in a shopping center that includes a Chase bank branch, a public health clinic and the city police department’s Southwest District station.
About two miles west of Fairfax, the Main Street corridor in the nearby town of Speedway features local restaurants, diners, pubs and a brewery. Many people gather here at night and during the weekend, but the area reaches a fever pitch in May each year for the Indianapolis 500. In addition to the big international race, the track is busy for multiple weekends with practice sessions and qualifying. Other races, events and concerts at the track bring a lot of activity to the area throughout the summer and fall, but many nights and weekends are quieter than others.
La Nueva Tienda Latina is a popular option for shopping in Fairfax.
Dawsons On Main is a longtime establishment offering fresh food and drink.
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Baseball, swimming and pickleball at Thatcher Park
In the northwest corner of the neighborhood, residents bring their children to the playground or basketball court at Olin Park, a city-run recreational space that also includes an open green field. In the adjacent neighborhood of Garden City, Thatcher Park features similar outdoor park amenities, a municipal golf course, a sports complex with three baseball fields and a family community center. “We take our son there to go swimming a lot,” Smith says. “And there’s always people there playing golf and pickleball.” Golf fans also have a selection of places to play nearby, with Brickyard Crossing the most notable because it’s right next to the Speedway racetrack.
Fairfax is a great place to play a round of golf when the weather is nice.
Riding scooters is a fun way to get around town in Fairfax.
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Public charter schools common in Near Westside
Out of the 3,100 people living in Fairfax, about one-third are children under 18, which means there are more kids here than the average U.S. community. Within the center of the neighborhood, families can enroll at the K-8 PATH School, a “non-selective” public charter school. Niche gives the school a D-minus rating. From there, students can advance to Northwest Middle School and Indianapolis Metropolitan High School. Niche gives the middle school a C-minus rating, while the high school gets a C-plus.
Stephen Foster school provides quality, caring education to local residents.
Indianapolis Metropolitan High School has taught many students over the years.
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Easy access to Downtown and Speedway on the IndyGo bus
The public IndyGo bus system runs routes along Michigan Street and 10th Street, enabling Fairfax residents to take the bus to Main Street in Speedway or Downtown Indianapolis about 4 miles to the east across the White River. Motorists can also reach both destinations on local roads, but drivers can travel quickly around the region taking Interstates 70 and 74. Down I-465, folks can fly out of Indianapolis International Airport for vacation or work.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Matt Steward,
an experienced agent in this neighborhood.
Parks in this Area
Ridenour Park
Playground
Thatcher Park
Baseball/Softball
Basketball
Picnic Area
Centennial & 20th Park Playground
Max Bahr Park
Indianola Park
Playground
Multi-Purpose Field
Denver Park
Basketball
Picnic Area
Playground
Transit
Airport
Indianapolis International
21 min drive
Bus
Michigan St & Rybolt Ave
Bus
10th St - 4400 W
Bus
10th St & Tibbs Ave
Bus
Washington St & Livingston Ave
Bus
Michigan St & Somerset Ave
Bus
Washington St & Rochester Ave
Bus
Michigan St & Berwick Ave
Crime and Safety
1 - Low Crime, 10 - High Crime
Fairfax
US
Homicide
7
4
Sexual Assault
7
4
Assault with Weapon
8
4
Robbery
7
4
Burglary
6
4
Motor Vehicle Theft
5
4
Larceny
4
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Fairfax Demographics and Home Trends
On average, homes in Fairfax, Indianapolis sell after 26 days on the market compared to the national average of 70 days. The median sale price for homes in Fairfax, Indianapolis over the last 12 months is $436,803.
This 3-bedroom, 1-bath home is currently rented for $1,200 per month and offers dependable cash flow in a central Indianapolis location. The layout is efficient and easy to maintain, appealing to a wide range of tenants. Conveniently located near downtown, parks, and transit options. A solid investment property with steady rental performance.
Charming and functional, this 3-bedroom, 2-bath home offers the perfect blend of comfort and flexibility. With one bedroom and a full bathroom conveniently located on the main level, it's ideal for guests, in-laws, or anyone seeking single-level living. The original hardwood floors have been beautifully maintained, adding warmth and character throughout the home. Downstairs, the basement
Attention Investors - Turnkey Duplex Near Downtown Indianapolis! Don't miss this excellent opportunity to own a renovated duplex just 5 minutes west of the IU Indianapolis Campus and downtown! Each unit features 1 spacious bedroom, 1 full bathroom, and a partial basement, offering great rental potential. Renovated in 2020, this property is rent-ready and will be vacant at closing, making it
3 BR + finished loft , 1.5 baths (+ free standing shower), gas stove, refrig, microwave, w/d, gas heat, ample window AC’s, wood and ceramic floors, smaller 2 car car garage plus gravel pad, fenced yd, trees. Rent and deposit each $1,400, tenant pays utilities. A few pets ok at discretion, no red flag breeds. Avail Aug 4, maybe sooner.
Interested in learning more about homes in this area?
Reach out to
Matt Steward,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
3,371
Median Age
33
Population Density
6 ppl/acre
Population under 18
31.6%
Above the national average
23.8%
Population over 65
10.9%
Below the national average
19.1%
Finances
Median Household Income
$34,179
Significantly below the national average
$71,702
Average Household Income
$44,267
Education and Workforce
High School Graduates
67.1%
Below the national average
89.1%
College Graduates
4.8%
Significantly below the national average
34.1%
Advanced Degrees
0.7%
% Population in Labor Force
54.6%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
22°F
Average Summer High Temperature
85°F
Annual Snowfall
13''
Area Factors
Somewhat Bikeable
Bike Score®
30/ 100
Car-Dependent
Walk Score®
18/ 100
Some Transit
Transit Score®
36/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
