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Fountain Square

Fountain Square

$313,625 Average Value
$192 Average Price per Sq Ft
63 Homes For Sale

Why locals love the walkability and culture in Fountain Square

Quirky, historic and entirely its own, Fountain Square is one of Indianapolis ’ most distinctive neighborhoods. This neighborhood has been one of Indy's cultural and commercial centers for over a century, evolving from its origins as farmland into a thriving hub of creativity and commerce. Packed with bars, restaurants, art galleries and unique shops, the neighborhood is one of the city's best districts for shopping and nightlife. Residents enjoy walkability, historic architecture and vibrant local culture at spots like The Murphy Arts Center and the iconic Fountain Square Theatre Building.

Fountain Square has diverse housing options, from historic homes to modern new builds.
Fountain Square has diverse housing options, from historic homes to modern new builds.
Friends love the food and the vibes inside Wildfyre Tap in Fountain Square.
Friends love the food and the vibes inside Wildfyre Tap in Fountain Square.
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Where to shop, dine and drink in Fountain Square

Locally owned shops give Fountain Square an authentic, down-to-earth vibe. Virginia Avenue is lined with eclectic stores, bars and eateries. Pop culture permeates the neighborhood at spots like Hero House Comics and Elf 'N Moon Gaming and Hobby. There’s plenty of vintage stores, from Zodiac Vintage to Square Cat Vinyl and Lily’s Labyrinth Fountain Square. You can browse unique wares at Rooftop Fruit, a contemporary general store, or pick up a new plant at Snakeroot Botanicals. There’s also tons of restaurants, from fine dining at Geraldine’s Supper Club and Lounge to juicy burgers at the metal music-themed Kuma’s Corner. “You won’t find an O’Charley’s here,” says Realtor Bethany Schultz of United Real Estate Indianapolis. In Fountain Square, you can:

  • Sip lattes at shops like Bovaconti Coffee, Black House Café and Nine Lives Café and Cat Lounge
  • Sample diverse cuisine at restaurants like Siam Square, Revolucion and Yaso Jamaican Grill
  • Grab cocktails at The Inferno Room, The Brass Ring Lounge and Sam’s Silver Circle
  • Enjoy craft beverages at Fountain Square Brew Co., Upland Brewing Co. and WildEye Lounge, which serves up cannabis-infused drinks and mocktails

Enjoy refreshments from Bovaconti Coffee outside on their patio in Fountain Square.
Enjoy refreshments from Bovaconti Coffee outside on their patio in Fountain Square.
Sip, snack and snuggle with adoptable cats at Nine Lives Cat Cafe in Fountain Square.
Sip, snack and snuggle with adoptable cats at Nine Lives Cat Cafe in Fountain Square.
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From historic bungalows to modern designs, housing is diverse here

“Fountain Square has a very diverse housing inventory,” says Jess Martin, co-founder and broker at Maywright Property Co. “If someone says they want to live in Fountain Square, that tells me nothing about what kind of house they like, because they can get anything there. You can get new, you can get old, you can get a townhome and be right in the hustle and bustle of the main strip, or you can be removed from all of that and be on a quieter street.” Cottages and bungalows are common here, but you’ll also find American Foursquares and other 19th-century styles. New homes often sport modern farmhouse or sleek, asymmetrical contemporary designs. “It’s for people who value neighbors, walkability, and porch-sitting," Schultz says.

You can find fixer-uppers from about $80,000 up to the high $100,000s. Renovated compact cottages range from the low $100,000s to the low $300,000s. Most renovated homes fall between $200,000 and the mid-$400,000s, while larger homes and new builds start around $400,000 and can reach the high $700,000s. Townhouses and duplexes range from the mid-$200,000s to the low $400,000s.

You'll find a mix of single family and multifamily homes in Fountain Square.
You'll find a mix of single family and multifamily homes in Fountain Square.
Classic American foursquare-style houses standout from the usual Fountain Square home.
Classic American foursquare-style houses standout from the usual Fountain Square home.
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Unique attractions from duck pin bowling to swing dance lessons

There’s no shortage of things to do in and around the neighborhood. The historic Fountain Square Theatre Building hosts weekly two-step and swing dancing lessons. The building is home to Atomic Bowl, a retro spot for duck pin bowling, a miniature version that uses smaller pins and balls. Finch Park has a playground and the Lilly Boys and Girls Club in the neighborhood. “You’re also really close to Gainbridge Fieldhouse and Lucas Oil, so that makes it really nice if you’re into sports or concerts,” Martin says.

Live music and local art are integral to the neighborhood’s vibe

The arts are at the heart of Fountain Square, which is evidenced by the murals, public art and the iconic fountain that anchors the neighborhood at the intersections of Virginia, Shelby and Prospect streets. Hi-Fi, with its three stages, welcomes both local and international performers. Radio Radio is a live music venue and lounge, while White Rabbit Cabaret is known for its burlesque and drag shows. The Murphy Arts Center, another cornerstone of the arts community, showcases local artists and craft vendors during First Fridays and interactive exhibits on Third Saturdays, both events free to the public.

Fountain Square is home to many shops full of character and personality, like Hero House Comics.
Fountain Square is home to many shops full of character and personality, like Hero House Comics.
Fountain Square community volunteers host events like Scare in the Square.
Fountain Square community volunteers host events like Scare in the Square.
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Nearby interstates and the Cultural Trail connect residents

The neighborhood is highly walkable and bikeable, and drivers enjoy easy access to Interstate 70 and I-65. Downtown Indianapolis is just a mile away, and bikers can hop on the roughly 10-mile Cultural Trail to commute downtown. “The Cultural Trail runs through Fountain Square, so its connectivity to the rest of the city is really great given that it has the highway and the Cultural Trail,” Martin says.

You'll find many traveling via bike on the Indianapolis Cultural Trail in Fountain Square.
You'll find many traveling via bike on the Indianapolis Cultural Trail in Fountain Square.
Fountain Square is one of the city's best cultural and nightlife districts, just a mile south of the downtown area.
Fountain Square is one of the city's best cultural and nightlife districts, just a mile south of the downtown area.
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William McKinley School 39 has an outdoor learning lab.
William McKinley School 39 has an outdoor learning lab.

Outdoor learning at William McKinley School 39

Indianapolis Public Schools serves the area and offers open choice for specialized programs and magnet schools through a lottery process. Elementary school students at William McKinley School 39 get hands-on experience at the outdoor learning lab, which features beehives, garden beds and an amphitheater. For private school options, Emmaus Lutheran School offers a curriculum for students from pre-kindergarten through eighth grade.

Leslie Klosterman
Written By
Leslie Klosterman
Kyle Cook
Photography Contributed By
Kyle Cook
Bob Yukich
Video By
Bob Yukich

Agents Specializing in this Area

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Schools

Source:
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

Parks in this Area

Transit

Airport

Indianapolis International

27 min drive

Bus

Virginia Ave & Grove Ave

Bus

Prospect St & Pleasant Run Pkwy N Dr

Bus

Prospect St & Spruce St

Bus

Prospect St & State Ave

Bus

Prospect St & Laurel St

Bus

Prospect St & Olive St

Bus

English Ave & State Ave

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime Fountain Square US
Homicide 5 4
Sexual Assault 5 4
Assault with Weapon 5 4
Robbery 5 4
Burglary 5 4
Motor Vehicle Theft 5 4
Larceny 5 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Fountain Square Demographics and Home Trends

Housing Trends

Median List Price
$339,000
Median Sale Price
$313,500
Median Single Family Sale Price
$315,000
Median Townhouse Sale Price
$329,900
Median Change From 1st List Price
5%
Last 12 months Home Sales
170
Median Home Sale Price YoY Change
-1%
Average Price Per Sq Ft
$192

Neighborhood Facts

Number of Homes
2,388
Number of Homes for Sale
63
Median Year Built
1918
Months of Supply
4.40
Average Single Family Home Size Sq Ft
1,718
Below the national average
1,930
Average Townhouse Size Sq Ft
1,866
Average 2 Bedroom Size Sq Ft
1,261
Median Lot Size Sq Ft
3,920

Open Houses

  • Saturday, Feb 7
    12 - 2pm

    1437 Woodlawn Ave, Indianapolis, IN 46203

    $619,000

    • 5 Beds
    • 6 Baths
    • 1437 Woodlawn Ave
    • New 19 days ago

    Beautifully renovated and thoughtfully maintained, this spacious duplex at 1437-1439 Woodlawn Avenue offers a rare opportunity in the heart of Fountain Square. Fully renovated in 2016, the property features updated interiors throughout, along with a newer roof and major mechanicals, providing peace of mind and truly fuss-free living for both owners and tenants. Each side of the duplex is

    Rachael Carmichael CENTURY 21 Scheetz

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  • Sunday, Feb 8
    11am - 1pm

    1439 Deloss St, Indianapolis, IN 46201

    $339,000

    • 3 Beds
    • 2.5 Baths
    • 1,710 Sq Ft
    • 1439 Deloss St

    This completely rehabbed home located in Fountain Square is move-in ready. The first-floor open concept floorplan lends itself to easy living and entertaining with stainless steel appliances, granite countertops and high ceilings. The 2nd floor provides an oasis away from it all with crisp, clean lines and 3 beds and 2 full baths. Walking distance to dining, shopping, and all Fountain Square has

    Mark Branch Highgarden Real Estate

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  • Sunday, Feb 8
    11am - 1pm

    1427 Deloss St, Indianapolis, IN 46201

    $449,900

    • 4 Beds
    • 2.5 Baths
    • 1,800 Sq Ft
    • 1427 Deloss St
    • New 8 days ago

    Modern New Build in Fountain Square! Be the first to live in this beautifully crafted 4-bedroom, 2.5-bath new construction home just steps from the heart of Fountain Square. With 1,800 square feet of thoughtfully designed space, this home blends open-concept living with stylish finishes and urban convenience. The main level features a spacious layout perfect for entertaining, complete with

    Mark Branch Highgarden Real Estate

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
7,857
Median Age
34
Population Density
10 ppl/acre
Population under 18
23.1%
On par with the national average
23.8%
Population over 65
9.5%
Below the national average
19.1%

Finances

Median Household Income
$73,793
Below the national average
$79,601
Average Household Income
$99,625

Education and Workforce

High School Graduates
79%
Below the national average
89%
College Graduates
41.5%
Above the national average
34.1%
Advanced Degrees
13.7%
% Population in Labor Force
71.9%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
21°F
Average Summer High Temperature
85°F
Annual Snowfall
16''

Area Factors

Very Bikeable

Bike Score®

78 / 100

Somewhat Walkable

Walk Score®

64 / 100

Some Transit

Transit Score®

39 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Fountain Square