$227,210Average Value$199Average Price per Sq Ft31Homes 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:
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Fairgrounds Demographics and Home Trends
On average, homes in Fairgrounds, Indianapolis sell after 36 days on the market compared to the national average of 55 days. The median sale price for homes in Fairgrounds, Indianapolis over the last 12 months is $236,500, down 1% from the median home sale price over the previous 12 months.
Discover the charm of 4532 Indianola AVE, INDIANAPOLIS, IN, USA, a delightful single-family residence built in 1952. This inviting home, spanning 1170 square feet, is ready for you to move in and begin your next chapter. This home offers three comfortable bedrooms, providing ample private space for relaxation and rejuvenation. A well-appointed full bathroom serves the home's needs with practical
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,
Fresh updates, convenient location, and a whole lot to love. Tidy and fully renovated, this three bedroom bungalow sits in a sweet spot between Broad Ripple and Downtown Indy. The bright, open layout makes everyday living easy, while the updated kitchen brings the good stuff: new cabinets, stainless appliances, and quartz countertops. The primary bedroom has a private, en suite bath and a
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 4839 Rosslyn, a beautifully renovated 2 bedroom, 1 bath home in the heart of SoBro that combines modern updates with one of Indianapolis' most sought-after locations. Bright and airy throughout, featuring stylish finishes and move-in-ready convenience. Spacious updated kitchen offers abundant cabinetry, new flooring, new stainless steel appliances, quartz countertops and gorgeous
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Welcome home to 5010 Hillside Ave, a charming single-story residence offering low-maintenance living in Indianapolis! Featuring 2 bedrooms, 1 full bathroom, and 884 square feet of functional interior living space, this home provides an efficient floor plan designed for easy everyday living. Inside, light-filled common areas include a cozy living room flowing smoothly into a practical central
Welcome home to this beautifully updated 2-bedroom, 1-bath bungalow in the SoBro district all within walking distance to restaurants and entertainment! Step inside to a bright, inviting foyer featuring a striking shiplap accent wall that sets the tone for this charming home. Glass double doors open to a versatile flex space-perfect for a home office, fitness area, playroom, sunroom, or cozy
Looking for an affordable home in South Broad Ripple? This charming bungalow is priced below many comparable homes in the area, giving the next owner an excellent opportunity to build equity while making updates over time. Recent improvements include beautifully refinished hardwood floors and a freshly painted front porch, creating a warm welcome before you even step inside. Inside, you'll find
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
4915 Ralston Ave, Indianapolis IN 46205 is a residence with a functional layout and comfortable living spaces throughout. The kitchen features quartz countertops, creating a well-equipped space for cooking and entertaining. A fireplace anchors the main living area, adding warmth and ambiance to the central gathering space. Interior paint extends throughout. Outdoors, a deep, fully fenced backyard
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: 2791828 Welcome to 4460 Caroline Street, Indianapolis, IN 46205. A beautiful brand-new construction home offering modern comfort, luxury finishes, and a convenient location. This approximately 972-square-foot home features 2 bedrooms and 2 full bathrooms with a thoughtfully designed layout perfect for everyday living, working from home, entertaining, and relaxing. The home
The advertised rate of $3,182/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
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
Newly renovated home in SoBro. New floors, bathroom, kitchen, electrical, AC/Furnace, roof, windows, fence. Home is brand new on the inside. A great home for one person. Please contact me if you are interested in scheduling a viewing. Thanks! Tenant Pays for utilities. 2X income to rent ratio preferred. RENTERS INSURANCE REQUIRED APPLY HERE SFH
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 (Some Kitchen updates will be completed prior to move in) with new applcs, new flooring and counter tops, and pantry. Living Room and Dining Room great for entertaining.
Welcome home to 4553 Ralston Ave! This charming 2-bedroom, 1-bathroom home offers a comfortable and functional layout in a convenient Indianapolis location. Enjoy a welcoming living space, two bedrooms, and one full bathroom. Whether you're relaxing at home or enjoying everything the surrounding area has to offer, this property provides a great place to call home. Property
Welcome home to this beautifully updated 3-bedroom, 1-bath home nestled on a quiet street in a convenient Midtown Indianapolis location. From the moment you step inside, you'll appreciate the abundance of natural light, fresh updates throughout, and inviting spaces that make this home truly move-in ready. The thoughtfully updated kitchen features crisp white cabinetry, subway tile
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!
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