$222,760Average Value$202Average Price per Sq Ft16Homes 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 40 days on the market compared to the national average of 56 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $238,000, up 3% from the median home sale price over the previous 12 months.
Big 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,
Check out this updated bungalow! Main living areas feature a vaulted ceiling to make the space feel open and airy. If you need more space, you can spill out onto the covered front porch to enjoy the beautiful weather. Bathroom includes double sinks for added convenience. Major updates completed in 2020 included new furnace, A/C and gutters. Kitchen includes granite countertops and an open layout
Nestled in the heart of the sought-after South Broad Ripple neighborhood, this charming 2-bedroom, 2-bath home offers classic character in a great location. Step inside through the enclosed front porch - perfect for morning coffee - and discover original hardwood floors throughout the main level - Living room floors just refinished/stained. Solid wood doors and a built-in linen cabinet add to the
Welcome to this beautifully updated Broad Ripple bungalow that checks every box! Nestled in one of Indianapolis's most beloved neighborhoods, this 2-bedroom, 2-bathroom gem has been thoughtfully renovated from top to bottom. Step inside to a bright, open living area featuring rich hardwood floors, charming arched doorways, and an open flow into the fully updated kitchen - complete with white
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
Rarely do you find an opportunity to plant roots in Indianapolis's vibrant Midtown area at a price point that allows for custom renovations. This bungalow-style home features a traditional main-floor layout with two bedrooms and a full bath, plus a hidden gem upstairs: a large loft space perfect for a secluded primary suite or a quiet workspace. While the home needs some cosmetic TLC, the "bones"
Highly Motivated Seller! Fully Renovated | No HOA! Why rent when you can own? This beautifully remodeled single-family home offers 3 bedrooms and 3.5 bathrooms with a spacious, functional layout designed for modern living. The main level features a versatile bonus room-perfect for a home office, flex space, or additional living area. Enjoy newly installed waterproof luxury vinyl flooring
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
Welcome to this beautifully updated 3-bedroom, 1-bath bungalow in the heart of SoBro. This property has been completely renovated from top to bottom -new EVERYTHING - offering true peace of mind for its next owner. With thoughtful updates throughout and a fresh, modern feel, this home is truly move-in ready. Enjoy an unbeatable location just minutes from dining, shopping, entertainment, downtown
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.
Check out this charming bungalow in the heart of SoBro, just a short walk to local favorites like the Monon, GoldLeaf, and Arsenal Park! This 3-bedroom, 1-bathroom home features two bedrooms upstairs and one on the main level, offering a flexible layout perfect for a variety of living arrangements. The kitchen boasts granite countertops, a tiled backsplash, new cupboards, a coffee station area,
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,
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 this charming South Broad Ripple home boasting 2,155 square feet of beautifully updated living space. Located in a prime Indianapolis location, this 3-bedroom, 2-bathroom property is perfectly situated within walking distance to Arsenal Park. Step inside to discover a thoughtfully designed open floor plan, complemented by an updated kitchen featuring sleek stainless steel appliances
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
Journey to a charming and cozy 2-bedroom house rental nestled in the heart of Indianapolis, IN. This 950 sq ft home boasts a spacious and inviting interior, perfect for those seeking a comfortable living space. With a full bathroom and ample natural light, this property is ideal for individuals or small families looking for a place to make home. Located at 5005 Indianola Ave, this rental offers
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 $4,341/month is the lowest available price, based on a 30 day(s) stay with a move-in date of May 25, 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
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
For Rent – 4448 Evanston, Unit AWelcome to this beautifully newly renovated 2-bedroom, 1.5-bath duplex offering modern updates and comfortable living in a convenient location.Unit A 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
The kitchen includes stainless steel appliances, a microwave, stove/oven, and granite countertops, while in-unit washer/dryer adds everyday convenience. Both bedrooms offer walk-in closets for generous storage, and the unit is equipped with an alarm system for added security. Guest parking is available for visitors. Thoughtfully designed finishes and practical amenities make this residence a
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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