Fairgrounds
Suburban Neighborhood in Indianapolis, Indiana
Marion County 46205
Historic bungalows getting modern facelifts
“You’re seeing a lot of first-time homebuyers in that area,” says Bryan Arnold, a Realtor with Keller Williams Indy Metro North. “Houses are being renovated to match buyers’ desires for 2024 and still affordable.” Most homes in the neighborhood – a mix of bungalows, cottages and ranches – are at least 80 years old. There are also a growing number of new custom builds on old lots. House prices range from $99,000-$350,000.Bike Polo enthusiasts call Arsenal Park home
The 13-acre Arsenal Park features a picnic area, splash pad, basketball court and playground as well as a DIY skatepark for enterprising skateboarders. The park is also the home base for the Indy Bike Polo club – an adaptation of the sport using bikes in lieu of horses.Zoned for Shortridge High
Rosseau McClellan School No. 391, an Indianapolis Public School which serves kindergarten through eighth grade students in the neighborhood, receives a C-plus rating on Niche. High schoolers are zoned to attend Shortridge High, perhaps best known as the alma mater of legendary author Kurt Vonnegut. Shortridge, which is the only school in the state to offer International Baccalaureate curriculum to all of its students, receives a B-rating. St. Joan of Arc, a K-8 Catholic school in the neighboring Oliver Johnson’s Woods neighborhood, is also an option for neighborhood residents.State Fair is Indiana's main event
Taking place over 17 days in early August, the Indiana State Fair is a spectacle in every way. More than 830,000 Hoosiers attend each year. Combined with an armada of RVs and semi-trailers, traffic, noise and light pollution can obviously become factors in the neighborhood’s southern half during this time of year. The upside? Neighborhood residents can avoid that by simply walking to the Fairgrounds. Indiana Farmers Coliseum – the only venue in Indiana to host a Beatles concert – is home to IUPUI basketball and the East Coast Hockey League’s Indy Fuel during winter and spring months. The Fairgrounds also hosts other events throughout the year.Central location benefits all forms of transportation
IndyGo bus routes run along 38th and 46th Streets as well as Keystone Avenue. The 25-mile Monon Trail, which stretches from downtown past north suburban Carmel, runs along the neighborhood’s western boundary. There are also bike lanes along 46th and 52nd Streets. And just about all of Indy is easily reachable by car. “You’re centrally located with easy access to everywhere,” Arnold says. “You can get up to Broad Ripple or to downtown within 15 minutes.”Eclectic music venue part of revival
Businesses like Black Circle Music Bar -- based in the Refinery 46 business incubator complex -- and its nearby brewery and distillery are enhancing the neighborhood's economics. “The owner, Jesse Rice, is a guy who cares about the community,” Arnold says. “He’s trying to open things in places that can stimulate growth in the community.” Designed to feel like a basement hangout at someone’s house, Black Circle hosts an eclectic mix of everything from metal bands to comedians, drag nights and trivia nights. A few blocks away on 46th St., GoldLeaf Savory & Sweet is one of the top-rated coffee shops in Indianapolis. The Keystone Ave. location of R&R Extreme Wings, an expanding local chain of four Indy restaurants offering wings with 22 sauce choices, is another Fairgrounds favorite. The closest grocery options are in adjacent neighborhoods – an Aldi and the locally-owned Vega Grocery in Millersville, and The Fresh Market in Meridian-Kessler.The face of Fairgrounds continues to change
Much has recently changed, and is still changing, in Fairgrounds. Indiana School of the Deaf, located here for decades, left its longtime neighborhood campus in 2022 to combine resources with the Indiana School for the Blind and Visually Impaired. Auto races at the Fairgrounds, which contributed to neighborhood noise levels from the 1940s until 2021, have been discontinued in favor of horse harness racing.
Written By
Alex Hickey
Photography Contributed By
Jennifer Rehkopf
Video By
Elia Faith Crianza
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Agents Specializing in this Area
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Lisa Buckner
Lisa Buckner
RE/MAX Real Estate Groups
(765) 722-2697
415 Total Sales
1 in Fairgrounds
$236,000 Price
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Elisabeth Lugar
Elisabeth Lugar
CENTURY 21 Scheetz
(317) 836-2811
181 Total Sales
1 in Fairgrounds
$210,000 Price
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Shelley Hansell
Shelley Hansell
Keller Williams Indy Metro NE
(463) 209-6936
135 Total Sales
4 in Fairgrounds
$155K - $269K Price Range
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John Creamer
John Creamer
CENTURY 21 Scheetz
(833) 659-4482
167 Total Sales
1 in Fairgrounds
$127,000 Price
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Monique Bledsoe
Monique Bledsoe
True Property Management
(877) 850-5149
90 Total Sales
1 in Fairgrounds
$108,000 Price
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Nancy Warfield
Nancy Warfield
Responds QuicklyF.C. Tucker Company
(463) 800-7595
366 Total Sales
2 in Fairgrounds
$151K - $255K Price Range
Schools
Source:
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
- 9th to 12th
- Public
- Pre-K to 8th
- Public
- Pre-K to 8th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Canterbury Park
Dan Wakefield Park
- Tennis
- Playground
George Washington Park
Tarkington Park
Park Avenue Pocket Park
Arsenal Park
- Basketball
- Picnic Area
- Playground
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Fairgrounds | US |
|---|---|---|
| Homicide | 5 | 4 |
| Sexual Assault | 4 | 4 |
| Assault with Weapon | 5 | 4 |
| Robbery | 4 | 4 |
| Burglary | 5 | 4 |
| Motor Vehicle Theft | 4 | 4 |
| Larceny | 4 | 4 |
| Crime Score | 5 | 4 |
Source: WhatIsMyCrimeRisk.com
Fairgrounds Demographics and Home Trends
On average, homes in Fairgrounds, Indianapolis sell after 43 days on the market compared to the national average of 49 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $227,500, up 6% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$230,000
Median Sale Price
$227,500
Median Single Family Sale Price
$228,750
Median Townhouse Sale Price
$549,900
Median Change From 1st List Price
2%
Last 12 months Home Sales
89
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$199
Neighborhood Facts
Number of Homes in Neighborhood
1,656
Number of Homes for Sale
12
Median Year Built
1940
Months of Supply
1.60
Average Single Family Home Size Sq Ft
1,307
Significantly below the national average
1,933
Average Townhouse Size Sq Ft
1,052
Median Lot Size Sq Ft
5,662
Distribution of Home Values
Homes for Sale
Homes for Rent
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$704 - $3,444 per month
- The Pines at SoBro
- Studio-4 Beds
- 1-2 Baths
- 325+ Sq Ft
- 5018 Lemans Dr
- Indianapolis, IN
-
-
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
4,538
Median Age
35
Population Density
6 ppl/acre
Population under 18
22.3%
On par with the national average
23.8%
Population over 65
12%
Below the national average
19.1%
Finances
Median Household Income
$47,315
Significantly below the national average
$71,702
Average Household Income
$56,272
Education and Workforce
High School Graduates
91.3%
College Graduates
41.8%
Above the national average
34.1%
Advanced Degrees
10%
% Population in Labor Force
78.5%
Above the national average
65.1%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
22°F
Average Summer High Temperature
85°F
Annual Snowfall
13''
Area Factors
Bikeable
Bike Score®
57
/ 100
Car-Dependent
Walk Score®
49
/ 100
Some Transit
Transit Score®
38
/ 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.
Nearby Neighborhoods
Avondale Meadows
Creekside community with modestly priced homes and a comprehensive wellness center
Canterbury-Chatard
A tree-lined neighborhood nearby to popular north Indianapolis amenities
Devon
A quiet neighborhood with a stunning collection of mid-century homes
Mapleton-Fall Creek
North Indy neighborhood known for unique, historic homes and community involvement
Meridian Kessler
Older and more established neighborhood in the middle of the city of Indianapolis
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