$161,234Average Value$126Average Price per Sq Ft18Homes For Sale
Forest Manor in Indianapolis benefits from 38th Street redevelopment
Forest Manor is an established residential neighborhood in northeast Indianapolis . The community is split in half by 38th Street, an urban corridor that has been targeted by the city for redevelopment and revitalization. Forest Manor offers a variety of homes at relatively affordable prices and quick access to downtown Indianapolis about 8 miles away.
Some homes in Forest Manor come with covered front porches.
Forest Manor is a neighborhood about 8 miles from downtown Indianapolis.
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A mix of older homes and ranch-style homes on larger lots
The 38th Street corridor divides the neighborhood into two distinct residential settings. South of 38th Street, homes are typically older and built close together. Bungalows and Cape Cods highlight the traditional architecture that characterizes these homes. Mature trees are common throughout the neighborhood, but the canopy is denser north of 38th Street, where ranch-style homes are common, and lot sizes are larger.
Forest Manor offers plenty of established housing options.
Ranch-style homes offer larger lots.
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Prices compare favorably to the city median
Prices typically range from around $70,000 to the mid-$200,000s. The median sales price in the high $100,000s is higher than some of its larger neighbors, such as Avondale Meadows and Martindale-Brightwood , but it is about 25 percent lower than the citywide median. This offers prospective homebuyers a combination of value and affordability. “A very good home that has three or four bedrooms and two baths can go for around $210,000 to $220,000,” says Ilanit Gat of F.C. Tucker Company, who has sold homes in the neighborhood. “That’s appealing.”
Development along 38th Street is intended to stabilize the area’s housing market, which should help maintain property values in the area. Forest Manor homes average 57 days on the market before selling, which is about the national average. “People like this neighborhood and there is demand,” says Gat, who adds that the area is up and coming but home conditions can vary from block to block.
James Whitcomb Riley School 43.
Arlington Middle School.
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IndyGo bus routes on 38th Street helpful to residents
Major streetscape improvements along 38th Street were part of a project to increase use of the IndyGo Purple line, which connects downtown Indianapolis to Fort Harrison State Park. The neighborhood is the midpoint between both destinations. “That is helping people who don’t have a car,” Gat says. Commuters can catch Interstate 70 about 2 miles south of the neighborhood, and from there they can drive directly into downtown, a trip that takes about 15 minutes. Interstate 70 connects to Interstate 65 about halfway between the neighborhood and downtown. Interstate 65 offers access to the southern suburbs, while Indianapolis International Airport is about a 20-mile drive via I-70.
A vibrant nightlife in Downtown Indy is a quick IndyGo ride from Forest Manor.
Downtown Indianapolis is 15 minutes from the Forest Manor suburb with historic monuments.
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Students can attend Indianapolis Public Schools
The neighborhood is served by Indianapolis Public Schools. Younger students can attend the closest elementary and middle schools for which they are zoned, or they can apply to other schools within their enrollment zone. High school students can apply to any school within the district. Shortridge and Arsenal Technical high schools are nearby IPS options. Neighborhood families can find zoning information at enrollindy.org. IPS also allows students to apply for transfers to other districts. The closest school to the neighborhood serves students through 12th grade, but it is not affiliated with IPS. GEO Next Generation Academy Indianapolis is a tuition-free charter school where students can take dual-credit college courses as early as ninth grade.
Washington Park has a disc golf course about 2 miles away.
Kids from Forest Manor can enjoy the playground at Washington Park.
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Nearby shopping along 38th Street and recreational amenities nearby
Shopping and dining options are concentrated along 38th Street. The nearby Shops at Avondale Meadows is anchored by a Save A Lot grocery store and includes a Dollar Tree, a Walgreens and a Goodwill store. California Burger stands out among several fast casual restaurants nearby. Other amenities and attractions in and around Forest Manor include:
Brightwood Community Center, a neighborhood resource for all ages
Avondale Meadows YMCA, a destination for fitness and youth programs
Washington Park, which includes athletic courts, a disc golf course and trails
Indiana State Fairgrounds, which has been transformed into a year-round event center
Tree-lined streets in Forest Manor.
A few miles from Forest Manor is the grounds for the Indiana State Fair.
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 Forest Manor neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Forest Manor
US
Homicide
5
4
Sexual Assault
5
4
Assault with Weapon
6
4
Robbery
6
4
Burglary
3
4
Motor Vehicle Theft
4
4
Larceny
4
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Forest Manor Demographics and Home Trends
On average, homes in Forest Manor, Indianapolis sell after 50 days on the market compared to the national average of 56 days. The median sale price for homes in Forest Manor, Indianapolis over the last 12 months is $175,000, down 3% from the median home sale price over the previous 12 months.
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