$219,993Average Value$280Average Price per Sq Ft4Homes For Sale
Proximity to Broad Ripple and Indiana's busiest event
Indy’s Fairgrounds neighborhood is clearly defined by its most prominent landmark: the Indiana State Fairgrounds, which have hosted Indiana’s most well-attended annual event since 1892. But it’s also become increasingly defined by the Indy neighborhood a couple miles to its north – trendy Broad Ripple. The Fairgrounds neighborhood is also known locally as part of South Broad Ripple, with an increasing number of incoming residents taking advantage of the proximity to Broad Ripple with a more affordable price point.
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.
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.
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.
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.
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.
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.”
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.
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
Jeri Ballantine,
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
Airport
Indianapolis International
36 min drive
Bus
52nd St & Keystone Ct
Bus
38th St & Coliseum Ave
Bus
46th St & Ralston Ave
Bus
38th St & Fall Creek Pkwy N Dr
Bus
46th St & Marcy Ln
Bus
46th St & Crestview Ave
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46th St & Evanston Ave
Fairgrounds Demographics and Home Trends
On average, homes in Fairgrounds, Indianapolis sell after 66 days on the market compared to the national average of 70 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $865,000, up 97% from the median home sale price over the previous 12 months.
Welcome to 4623 Evanston Avenue-a beautifully updated bungalow in the heart of Indianapolis' SoBro neighborhood. This 2-bedroom, 1.5-bath home seamlessly blends original 1920s charm with fresh, modern updates. Step inside to find gleaming hardwood floors, a spacious living room with a decorative fireplace, and a large screened-in front porch perfect for relaxing evenings. The brand-new kitchen
This Broad Ripple duplex could be a great opportunity for investors or owner-occupants looking to live in one unit and rent out the other! Total annual rent income is $26,268, and both tenants stay current on their rent. Each side features a 1-bedroom, 1-bathroom layout with cozy and fresh living spaces, plus each unit has a private backyard and their own bay in a 2-car garage. Updates on each
Here's your chance to expand your portfolio with this charming 2-bedroom, 1-bathroom single-family home located in the vibrant SoBro neighborhood. With a wave of investment happening in the area, now is the perfect time to secure a property in this thriving community. The home is currently occupied by a tenant on a month-to-month lease, paying $1,175/month, while the market rent potential stands
Wonderful 3 Bedroom 1 Bath South Broad Ripple Bungalow with Basement. Freshly painted inside, new carpet, and vinyl hardwood floor. Main floor bedroom, 2 spacious bedrooms 2nd level. Kitchen (Kitche will be updated before move in) with new applcs, tiled floors, and pantry. Living Room and Dining Room great for entertaining. Close to shopping, dining, and entertainment.
The Pines at SoBro is located just south of Broad Ripple in Indianapolis, offering exceptional amenities and a welcoming atmosphere. Perfectly situated in the heart of Broad Ripple, youll be just minutes from local favorites like Aristocrat Pub & Restaurant, Monon Trail, Cafe Patachou, The Fresh Market, Delicia, and Arsenal Park. Plus, youll enjoy easy access to downtown Indianapolis, Butler
Delight in the charm and warmth of your new home at 4615 Caroline Ave, nestled in the heart of vibrant Indianapolis. This inviting 3-bedroom sanctuary offers a harmonious blend of comfort and style, perfect for creating cherished memories. With a spacious 1100 sq ft layout, every corner of this home is designed to provide a welcoming embrace. Imagine preparing culinary delights in a kitchen that
Interested in learning more about homes in this area?
Reach out to
Jeri Ballantine,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
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.
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.
