$246,602Average Value$145Average Price per Sq Ft39Homes For Sale
Home of Marion County Fair and many new residents
Though its name connotes a busy intersection, Five Points is where the country meets the suburbs in southeast Indianapolis. Named for the triangular meeting point of Troy Avenue, Southeastern Avenue and Five Points Road, the rapidly growing neighborhood of suburban subdivisions is still home to a handful of farm fields and the Marion County Fairgrounds. Nearly 90% of the homes in Five Points were built after 2000. “This is an area for those who want to hide in the middle of suburbia,” says Susan Forrest, Realtor with United Real Estate Indianapolis.
Five Points is a great place to put down roots in a wholesome, thriving community.
Five Points is home to the Marion County Fairgrounds, hosting a yearly fair.
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Suburban streetscapes carved from former farmland
Houses in Five Points reflect three stages of the neighborhood’s development. A handful of Craftsman and bungalow-style houses from the 1910s near the Five Points intersection reflect the first wave. Development continued with subdivisions of midcentury ranch-style homes, and then boomed in the 2010s with subdivisions primarily consisting of two-story Traditional houses with attached garages. Quarter-acre and half-acre lots are typical. “The area has become quite popular, and one can buy a bigger home than in other areas of the city,” Forrest says. “In the last five-plus years, there has been a huge boom in new construction.” Prices in the neighborhood range between $190,000 and $350,000.
Homes perfect for home buyers of any life stage can be found in Five Points.
Homes that can satisfy even the most selective buyer are available throughout Five Points.
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Franklin Township schools, plus Nativity Catholic
Franklin Township Community School Corporation, which serves Five Points, earns an A-minus rating on Niche. Students attend four different schools, beginning with B-plus-rated Thompson Crossing Elementary from kindergarten through third grade. They move on to B-plus-rated Edgewood Intermediate, B-rated Franklin Central Junior High, and A-minus-rated Franklin Central High School. Franklin Central High is the No. 6-ranked public high school in Marion County. Friday night football is a big deal at Franklin Central — there’s enough room for 3,500 fans on the home sideline alone. Nativity Catholic School, located next to Nativity Catholic Church, serves kindergarten through eighth grade and is the only school within Five Points.
Thompson Crossing Elementary School building in Galludet.
Franklin Central Junior High School is a public school in Indianapolis.
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At the southeast junction of I-74 and I-465
Five Points is a car-dependent neighborhood, but one that is conveniently located at the junction of Interstates 74 and 465. Downtown Indianapolis is 7 miles to the northwest, and Indianapolis International Airport is about 20 miles to the west — typically a 20- to 30-minute drive on I-465. Cincinnati is about 100 miles southeast of Five Points on I-74.
Five Points, near the highway, provides easy access to all of Indianapolis.
New traditional homes filled with new traditional homes are found in Five Points.
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Indy Island Aquatic Center close by
Wildwood Park features a picnic shelter, playground, splash pad and ample green space. On the neighborhood's north end, Hanover North Park has a walking path, playground, and picnic shelter. Brandenburg Park, a small corner park with a playground, is also in the neighborhood. Kids can learn to swim in a heated indoor pool at the nearby Indy Island Aquatic Center, which has a lap pool and a 15-foot slide above the water.
Indy Island Aquatic Center is the place to go for fun in the water in Five Points.
Thompson Park’s nine acres of greenspace includes a basketball court in Popular Grove.
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Popular pizza, plus burgers fit for Chewbacca
Xtrordinary Pizza isn’t just popular in the neighborhood — patrons also come to the pizzeria from Indy’s west side and points beyond. Brewskies Pub and Eatery features unique fare like the Chewbacca Burger — a beef patty covered in cheddar and mozzarella cheese, then wedged between two grilled cheese sandwiches rather than buns. One More Lounge, a hole-in-the-wall bar popular with bikers, has an outdoor stage with live music on weekends. For groceries, there are two Kroger locations within 5 miles of the neighborhood.
Brewskie's has fresh food, cold beer, and great conversation with friends.
Xtrordinary Pizza slings fresh pies every day, and is popular with Five Points Residents.
Generations Grill in Five Points has a great atmosphere to eat and watch sports.
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Marion County Fair, Circle City Raceway get motors running
The Marion County Fair, held annually in late June and early July for more than 90 years, is the biggest event in Five Points. The fair celebrates Marion County’s agricultural heritage with livestock barns, while also featuring a carnival midway and performances by the likes of Twiggy the Water-Skiing Squirrel. The fairgrounds remain busy from April through October with weekly races at Circle City Raceway. The quarter-mile dirt track has a full stock car schedule, racing on Friday nights and a handful of Saturdays throughout the season. Houses closest to the Raceway are likely to hear the roar of racecar engines and cheers of fans on race nights.
The Marion County Fairgrounds plays host to summertime tradition, the Marion County Fair.
Head down to the Circle City Raceway on Fridays to catch local races in Five Points.
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Crime score meets national average
Five Points earns a 4/10 crime score on the CAP Index, which is equivalent to the national average.
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
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Five Points Demographics and Home Trends
On average, homes in Five Points, Indianapolis sell after 40 days on the market compared to the national average of 53 days. The median sale price for homes in Five Points, Indianapolis over the last 12 months is $265,000, up 4% from the median home sale price over the previous 12 months.
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