$223,143Average Value$200Average Price per Sq Ft13Homes 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
Are you familiar with the Fairgrounds neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Fairgrounds
US
Homicide
5
4
Sexual Assault
4
4
Assault with Weapon
5
4
Robbery
5
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
4
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Fairgrounds Demographics and Home Trends
On average, homes in Fairgrounds, Indianapolis sell after 38 days on the market compared to the national average of 54 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $236,500, up 1% from the median home sale price over the previous 12 months.
First time home buyers or Investor Special on Norwaldo Avenue! Located near Broad Ripple and Meridian-Kessler, 4534 Norwaldo Ave is a solid investment opportunity with strong upside potential. This property offers a functional layout and classic bungalow charm, ready for your updates and vision. With some cosmetic improvements, repairs, and modern finishes, this home can be transformed into a
With a calm and quiet location seconds from the Nickel Plate Trail, this move-in ready 2 bed, 1 bath ranch in South Broad Ripple is a turn key affordable option. Inside, the layout feels open and easy. The living room, dining room, and kitchen flow together. You'll also find new floors and fresh paint, plus a first floor laundry room. The kitchen includes a refrigerator, gas stove, newly painted
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This home offers a brand-new construction and a wonderful living space in a vibrant city setting. Luxury high end finishes, including granite countertops and stainless steel appliances. Luxury bathrooms with Tiled surrounds and granite vanity tops. This property provides an opportunity to experience modern living. With 972 square feet of living area, the layout offers a comfortable, modern, homey
Welcome to a fantastic vacant lot opportunity in the vibrant and evolving neighborhood of SoBro! With significant investment and development activity happening all around, this is your chance to join in the growth by building a new construction single or multi-family home. Whether you choose to purchase for yourself, rent or sell, this lot provides a perfect canvas for a profitable venture.
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Charming Indianapolis 3-Bedroom with Garage & Fenced Backyard! Welcome home to this inviting 3BR-1BA Indy gem that checks all the right boxes! Step inside through the enclosed front porch - perfect for morning coffee or kicking off your shoes before entering the warm & welcoming living rm featuring WB fireplace. Updated kitchen shines w/ granite countertops & flows into spacious family rm,
Don't miss this remarkable duplex located in the highly sought-after SoBro neighborhood! The area is bustling with investment, making this a prime time to secure a property in this thriving community. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side out. The duplex is currently
Welcome home to 1524 E 46th Street, just steps away from Loom, Gold Leaf Coffee, The Black Circle & the brand new Social Cantina. This spacious and sunny South Broadripple bungalow features pristine hardwood floors, spacious bedrooms and closets plus a full, dry basement. Washer and dryer included. 1 car detached garage plus a drive-thru driveway that makes for easy entry/exit off 46th street.
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**Now Accepting Housing Assistance!! Enhance your lifestyle with this charming 1-bedroom, 1-bathroom home at 1829 E 49th St, Indianapolis, IN 46205-1318. Nestled in a tranquil neighborhood, this delightful 750 sq ft residence offers the perfect blend of comfort and convenience. Step inside to discover a cozy living space with ample natural light, ideal for relaxing or entertaining. The
Welcome to Historic Marcy Village—where classic architecture and contemporary comfort come together seamlessly. Established in 1939 and situated on 26 beautifully maintained acres, Marcy Village has recently undergone a comprehensive renovation designed to enhance modern living while preserving its original character.Our thoughtfully updated one- and two-bedroom apartment homes feature
Fully updated 2 bedroom, 1 full bathroom home in South Broad Ripple! Open concept living/dining/kitchen offers plenty of room for spending time with friends and family. Large bedrooms with adequate closet space make the home ultra functional and cozy. Partially fenced in yard and off street parking add to the convenience and amenities. Covered front porch allows for great outdoor living space.
Enjoy living the good life at Willow Brook! Located in Indianapolis Fairgrounds neighborhood, our one and two bedroom apartments were designed with your lifestyle in mind. With unique floor plans, it’s easy to see why our residents love living here.Willow Brook offers thoughtfully designed one- and two-bedroom single story apartments, all with private entrances.
The advertised rate of $3,988/month is the lowest available price, based on a 1 month(s) stay with a move-in date of April 11, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be
Two-bedroom duplex in South Broad Ripple. Hardwood floors and freshly painted interior. The windows are older. Walking distance to Planet Fitness, Aldi, Half-Liter and the Speakeasy. Large, unfinished basement. Quiet street and great neighbors. Apply today - these go really fast.Please note: I get 100 applications when these units go up. If you are interested, please include a short note
The International House is a cozy duplex in South Broad Ripple neighborhood!Fully Furnished!!!You'll find yourself in a highly sought after centralized location. This home is only a few blocks away from restaurants and pubs and just a short ride to the Broad Ripple strip. The Monon Trail, an amazing biking and walking transit trail, is less than one mile away. Children's Museum,
Available for short term rental, the Broad Ripple Business Studio comes fully furnished. All utilities included.A charming, economy-style studio with off-street parking. The furniture is minimalist and mostly new. Most of our guests are business travelers or students on short stays or long-term rentals. The space is small and simple, geared to 1-2 people. The kitchen has an efficiency
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