$223,623Average Value$201Average Price per Sq Ft22Homes For Sale
Fairgrounds is an older Indianapolis neighborhood near its namesake
Fairgrounds is an established Indianapolis neighborhood about 6 miles from downtown that is anchored by the Indiana State Fairgrounds & Event Center. The 250-acre neighborhood feature dates to the late 19th century, but it continues to be the focus of multimillion-dollar improvements that have transformed it into a modern, year-round entertainment destination. In addition, nearby revitalization efforts have had a positive impact on the neighborhood’s housing market.
Area considered affordable; Nearby upgrades a positive development
Renovated older homes stand out among the neighborhood’s housing options. Traditional architecture is prominent, with bungalows and cottages the most common. Homes grace quiet streets with plenty of mature trees. Many are separated by driveways that lead to garage space in the back. Otherwise, residents rely on street parking. Prices of these non-HOA homes typically range from the mid-$100,000s to the low $300,000s, although new townhomes on the south side of the neighborhood have sold in the high $300,000s. “Anything south of 45th Street is considered affordable, and the closer to the fairgrounds, the more affordable,” says Ryan Boyd of Trueblood Real Estate, who sells homes throughout the city.
The townhomes are located near 38th Street, a corridor that is being revitalized south and east of the neighborhood. This is a major development for the neighborhood, which has traditionally been negatively impacted by disinvestment from the struggling 38th Street corridor. “Whenever you see capital investment like that, it typically [spills] over into the housing market and increases housing values,” Boyd says. “That’s a quality improvement.”
City working to improve bus travel with highway access a challenge
Residents can get to downtown Indianapolis by car or bus. There are two options for the 15-minute drive into the heart of the city. Commuters can take Fall Creek Parkway to 30th Street to Interstate 65, or they can take Fall Creek Parkway to Doctor M.L.K. Jr. Street. “Immediate access to large highways is a challenge for that area,” Boyd says. Commuters can catch an IndyGo bus near the fairgrounds on 38th Street for the 25-minute ride into downtown. Part of the city’s revitalization efforts include upgrades to make bus travel more appealing.
Renovations, upgrades to state fairgrounds continue
The Indiana State Fairgrounds is home to the annual state fair, which runs for more than two weeks each summer. It has become a year-round destination for concerts, motorsports events, track and field championships and more. Its modern transformation includes the following projects:
A $50 million renovation of the historic Swine Barn into an athletic pavilion (completed)
Renovation efforts designed to improve traffic flow around fairground entrances (ongoing)
A multimillion-dollar expansion of the Hoosier Lottery Free Stage, an outdoor venue (planned)
Arsenal Park is a neighborhood destination where you’ll find a skate park, a splash pad, a playground and a community garden; the Monon Trail, a regional paved path for walking, running and biking, runs along its west side.
Rousseau McClellan 391 is a neighborhood elementary school
The neighborhood is served by Indianapolis Public Schools, one of the largest districts in Indiana. Rousseau McClellan 391, a school that serves students in pre-kindergarten through fifth grade, is in the neighborhood. Students can choose to attend any elementary or middle school in their enrollment zone, and any high school in the district. They can also apply for transfers to schools outside of the district, but in-district transfers are prioritized. The neighborhood is also home to the Indiana School for the Deaf (ISD), a tuition-free, statewide public school that serves students in pre-kindergarten through 12th grade. ISD is the premier institution for the deaf community in Indiana. Its curriculum is fully bilingual, and it offers one of the most active athletic programs among deaf schools in the U.S.
Black Circle bar among popular destinations in the SoBro area
Black Circle is a small bar and live entertainment venue that produces its own craft beer. It is a neighborhood highlight along 46th Street, which runs through the heart of the neighborhood. “The owner, Jesse Rice, is a guy who cares about the community,” says Bryan Arnold, a Realtor with Keller Williams Indy Metro North. “He’s trying to open things in places that can stimulate growth in the community.” GoldLeaf Savory & Sweet is a highly rated coffee shop nearby. This area of the neighborhood is known as SoBro, or South of Broad Ripple, for its proximity to and influence from the trendy Broad Ripple neighborhood about 2 miles north. More commercial options are concentrated in neighboring communities. The Keystone Diner and Meijer are just minutes away along Keystone Avenue in Canterbury-Chatard, and Meridian-Kessler is home to several popular dining and drinking destinations.
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 43 days on the market compared to the national average of 58 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $242,500, up 6% from the median home sale price over the previous 12 months.
OPEN HOUSE 06/14 CANCELLED! Nestled on an established, tree-lined street - welcome to 4624 Primrose Ave! Located in one of Indy's most sought-after neighborhoods, this charming bungalow offers 3 bedrooms, 1 bath, and the perfect blend of timeless character with thoughtful updates. Inside, you'll find beautiful original hardwood floors, tons of natural light, and an easy-flowing traditional floor
5114 Carvel Ave is the kind of home that rarely comes along. It combines direct Monon Trail access, more than half an acre of private outdoor space, a fully renovated and open-concept interior, and major mechanical updates-all in one exceptional property. Situated on a private 0.53-acre lot, this modernized 3-bed 2-bath plus bonus room home offers a private gate access to connect immediately to
Nestled on a beautifully landscaped corner lot bursting with mature roses, hydrangeas, dogwoods, and hostas, this charming 4-bedroom ranch perfectly blends neighborhood convenience with total peace of mind. Boasting 1,256 square feet of comfortable living space on the main level, the home flows effortlessly out to a private deck right off the dining room-the ultimate setup for summer grilling and
Price adjustment! Welcome to this moveinready bungalow in the heart of SoBro, one of Indianapolis' most exciting and fast growing neighborhoods. This home is ideally located between the Monon Trail and the Nickel Plate Trail-offering some of the best biking, walking, and outdoor access in the city. The fully renovated 2bedroom, 1bath interior features brand new Pergo flooring throughout, recessed
Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 per unit, this property
Completely rebuilt from the foundation up, this stunning 3 bed / 2 bath home offers 1,350 sqft of essentially new construction living while preserving its original character. Every major component has been redone in 2026, providing peace of mind and modern efficiency throughout. Step inside to an open-concept layout featuring vaulted ceilings and luxury vinyl plank flooring, creating a bright,
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.
Welcome to this beautifully remodeled gem just minutes from both the heart of Broad Ripple & downtown Indy! This stylish 3-bedroom, 1-bath home has been thoughtfully updated from top to bottom. Inside, you'll find luxury vinyl plank flooring throughout, custom designer switches, and a freshly tiled bathroom that adds a modern touch. The kitchen is a dream, featuring stainless steel appliances,
Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 per unit, this property
Opportunity knocks at 4312-4314 Norwaldo Ave! This duplex is perfectly positioned just steps from the Indiana State Fairgrounds, one of Indianapolis' most active event hubs, bringing year-round traffic from the Indiana State Fair, concerts, festivals, and exhibitions. The location alone makes this property a standout for investors looking to capitalize on strong rental demand and future
A charming estate property with plenty of space and potential. This home features 2 bedrooms, Kitchen/Dining Combo. Finished upper level, full bathroom, with two large closets, can be used as an office, guest space, playroom, a basement that includes an additional finished space. Fenced back yard with very nice storage shed. Enjoy relaxing in the screen back porch overlooking the fully fenced
Welcome home to 4419 Ralston Avenue! This charming 2-bedroom, 1-bath bungalow is full of character and warmth, offering just over 1,300 square feet, including an unfinished basement that is perfect for storage, hobbies, or future projects. Recent updates include a newer air conditioner (1 year), sewer line (3 years), roof (4 years), and furnace and water heater (5 years). Outside, a newly paved
Welcome to The Pines at SoBro, where contemporary comfort meets unbeatable convenience in the heart of Indianapolis. Our community is designed with every lifestyle in mind, offering a variety of spacious studio, 1-, 2-, 3-, and 4-bedroom apartment homes. Whether you’re flying solo, living with roommates, or bringing the whole crew, The Pines has the perfect space for you.Inside your home,
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
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 $3,647/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 6, 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
Indulge in the charm and comfort of this delightful two-bedroom home located at 4301 Crittenden Ave, Indianapolis. With 1,491 square feet of thoughtfully designed space, this residence offers an inviting atmosphere perfect for relaxation and entertaining. The open layout seamlessly connects each area, allowing for easy flow and abundant natural light throughout. The full bathroom is elegantly
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
This home is in the heart of South Broad Ripple! Come enjoy our neighborhood, anchored by Butler University and Holcolmb Gardens within six minutes commute and downtown only 15 minutes away. You're in a wonderful neighborhood that is walking distance to arts, restaurants, transit, and the entertainment the area has to offer. This is an intelligently designed, newly renovated home with the design
The kitchen includes stainless steel appliances, a microwave, stove/oven, and granite countertops, while in-unit washer/dryer adds convenience. Bedrooms offer walk-in closets for ample storage, and an alarm system is installed for added security. Guest parking is available on-site. This residence combines practical amenities and thoughtful finishes for comfortable everyday
Updated 2 Bedroom Home with Modern Finishes and Fenced Yard – 5161 Primrose Avenue, Indianapolis, IN 46205**$1,850/month | 2 Bedrooms | 1 Bathroom | 837 Sq. Ft.**Welcome to 5161 Primrose Avenue, a well-maintained 2-bedroom, 1-bathroom home offering updated finishes and comfortable living space in Indianapolis. This property features attractive hardwood flooring throughout much of
For Rent – 4448 Evanston, Unit BWelcome to this beautifully newly renovated 2-bedroom, 1.5-bath duplex offering modern updates and comfortable living in a convenient location.Unit B features a bright and spacious living area with fresh paint, updated flooring, and stylish finishes throughout. The renovated kitchen includes modern cabinetry, updated countertops, and ample storage
Charming 3 bedroom, 1 bathroom home with spacious closets and in-unit washer and dryer. Enjoy a large backyard with ample room for entertaining on the deck. Walk to nearby Goldleaf coffee shop and Black Circle Brewery, and enjoy a half-mile walk to the Monon Trail. Vaccinated pets welcome for additional fee.
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