$225,908Average Value$201Average Price per Sq Ft26Homes 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 42 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, down 1% from the median home sale price over the previous 12 months.
We admit, it isn't going to take you a lot of time to tour this one. It's not the one for everyone. This one only has one bedroom. But if that one bedroom is really all you need, you need to tour this one. Every square foot works hard. The living room is surprisingly spacious, the layout is smart, and there's virtually no wasted space. Think New York City apartment but with an awesome fully
5155 Evanston is a two-bedroom, one-bath bungalow that pairs original character with updates that let a buyer move in without a big-ticket to-do list. Entering from the welcoming front porch, large front windows fill the living room with natural light. Every window in the house has been updated, along with both exterior doors. The galley kitchen is bright and efficient, with matching stainless
Discover the charm of this south Broad Ripple bungalow. A delightful single-family home that has been meticulously maintained, offering an attractive blend of classic character and modern comfort. This inviting residence features 2 comfortable bedrooms, providing ample private space. A stylish updated galley kitchen, with updated butcher block countertops. The single full bathroom is thoughtfully
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
Location, style, and convenience meet in this turnkey 3BR/2BA ranch. Perfectly situated just minutes from Broad Ripple, the Monon Trail, and your favorite SoBro hotspots, this home offers the ultimate neighborhood lifestyle. Inside, the open-concept kitchen and dining area made for entertaining features sleek engineered hardwoods. Enjoy a full appliance package-including the refrigerator, washer,
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
Welcome home to this charming 3-bedroom, 2-bath residence in the desirable Maple Downs neighborhood. This well-maintained home features a bright, open living space and a functional layout that maximizes every square foot. The main level offers two comfortable bedrooms, while the upper level provides two additional flexible rooms perfect for your needs. Outside, enjoy the convenience of a detached
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
Discover a charming bungalow, single-family residence at 5176 Primrose AVE, INDIANAPOLIS, IN, USA. Built in 1930, this 864 square foot home offers a unique blend of historical character and practical living, set on a generous 4966 square foot lot. This property stands as a testament to enduring design, providing a canvas for your personal touch. The home features two comfortable bedrooms,
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.
Property Id: 1370373 FULLY FURNISHED 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. You'll find a luxury
The advertised rate of $3,994/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 5, 2027.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
Property Id: 1587664 Welcome to our renovated studio! Look like a garage? That’s because it use to be! This place is clean, simple and priced for those looking for a simple place to stay. This accommodation is for the minimalists out there. Offers a desk/work-space with fast internet, off-street parking, heated tile floors, new kitchen, new bathroom, and new furniture.
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
Enjoy comfortable living in this spacious 3-bedroom, 1-bath home conveniently located near Meridian and Kessler, with easy access to shopping, dining, and a short drive to the Indiana State Fairgrounds. The home comes equipped with a gas stove, refrigerator, and washer/dryer hookups in the basement, along with a 1-car detached garage for added convenience. A spacious front yard and backyard
Property Id: 1165008 FULLY FURNISHED DUPLEX Beautiful two-bedroom house with hardwood floors throughout! Come join our neighborhood. Great centralized location with easy access to Keystone, 465, and 70. Small front porch on a quiet street for grilling or chilling. There's a school at the end of the street and no through-street, so very little traffic. Enjoy a full basement with
SOUTH BROADRIPPLE - 4 BEDROOM/2 BATH BRAND NEW HOME! This home has been rebuilt from the ground up and features 2 living spaces - 1 upstairs with 2 bedrooms and a bath and 1 downstairs with 2 bedrooms and a bath. Eat-in kitchen is all-new with breakfast bar and most appliances included (at move-in). 2-car detached garage plus gravel parking on side of home. Covered patio and fully fenced yard!
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
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