$315,117Average Value$193Average Price per Sq Ft71Homes For Sale
Fountain Square is an artsy area
Fountain Square, located just southeast of downtown Indianapolis, is a neighborhood that stands out for its artsy vibe and locally owned businesses. This neighborhood has been one of Indianapolis's cultural and commercial centers for over a century, evolving from its origins as farmland into a thriving hub of creativity and commerce. The area is known for its walkability, historic architecture, and vibrant local culture including The Murphy Arts Center. “It’s for people who value neighbors, walkability, and porch-sitting," Realtor Bethany Schultz of United Real Estate Indpls says.
Having a home in Fountain Square is a special opportunity for anyone.
Elevate your evening in Fountain Square with breathtaking city views from The Rooftop Garden's.
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Locally owned businesses define Fountain Square
Fountain Square’s shopping and dining scenes are dominated by small, locally owned businesses, creating a unique and authentic neighborhood experience. The stretch of Virginia Avenue is particularly notable for its diverse array of international cuisines, including the popular Thai eatery, Siam Square, and the expansive bubble tea menu at Harmony Tea Shoppe. Residents also enjoy specialty coffee from Bovaconti Coffee, which exclusively brews beans from Indiana roasters, and can indulge in a cozy atmosphere with adoptable cats at Nine Lives Cat Café & Cat Lounge. “You won’t find an O’Charley’s here,” Schultz says, highlighting the neighborhood’s preference for local, independent businesses over national chains.
Enjoy your 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.
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Fountain Square’s arts scene thrives with venues and festivals
The arts have been at the heart of Fountain Square for decades, and while the neighborhood no longer hosts as many theaters as it once did, it still has several key cultural venues. Hi-Fi, with its three stages, welcomes both local and international performers, making it a central hub for live music. Radio Radio offers a relaxed setting for enjoying rock music, while White Rabbit Cabaret presents a variety of performances, from comedy to burlesque. 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.
The Fountain Square community volunteers host this special event of Scare in the Square.
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Different architectural styles reflect Fountain Square’s roots
Homebuyers can find bungalows priced between $185,000 and $420,000, offering a blend of early 20th-century craftsmanship and modern updates. Minimal Traditional, American Foursquare, Colonial Revival and Tudor homes are available for as low as $240,000 to $460,000. The median home price in Fountain Square is $312,500. The neighborhood's CAP Index score is a 5 out of 10, indicating a moderate crime risk typical for an urban area of its size.
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.
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Pleasant Run Trail offers a serene escape
While Fountain Square is known for its urban vibe, residents also have access to green spaces that offer a break from city life. The Pleasant Run Trail, which borders the neighborhood to the south, provides a tree-lined path for walking, running, or biking. This trail follows the Pleasant Run creek, offering a scenic and serene environment for outdoor activities.
Take a stroll with nature anywhere along the Pleasant Run Trail in Fountain Square.
Colorful single family homes are a favored theme among Fountain Square locals.
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Interstate 65/70 and Cultural Trail make Fountain Square accessible
Fountain Square is conveniently bordered by Interstates 65 and 70 to the west, making it accessible for those who work in or near downtown Indianapolis. The neighborhood’s walkability is enhanced by the Indianapolis Cultural Trail, which begins at Virginia Avenue, offering a bike-friendly route to downtown that helps residents avoid rush-hour traffic.
You'll find many traveling via bike on the Indianapolis Cultural Trail in Fountain Square.
Take a walk around the World War II Memorial downtown near Fountain Square.
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Fountain Square’s schools offer unique learning opportunities like learning lab with a chicken coop
Students can attend William McKinley Elementary, which has a C rating from Niche. The school is particularly noted for its outside-the-classroom learning opportunities, including an outdoor learning lab with a chicken coop, orchard, garden beds, and a beehive, giving students hands-on experience with agriculture. Henry W. Longfellow Middle School has a C-minus rating. For high school older students can attend Arsenal Technical High School, rated C by Niche. For private school options, Emmaus Lutheran School offers a curriculum for students from pre-K through eighth grade.
William McKinley Elementary School is a beacon of education in the heart of Fountain Square.
Arsenal Technical High School is located in Indianapolis, Indiana.
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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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
On average, homes in Fountain Square, Indianapolis sell after 59 days on the market compared to the national average of 53 days. The median sale price for homes in Fountain Square, Indianapolis over the last 12 months is $313,500, down 1% from the median home sale price over the previous 12 months.
Discover the perfect blend of city energy and cozy comfort in this refreshed Fountain Square home! Featuring 3 spacious bedrooms, updated bathrooms, newer flooring and stainless steel appliances ... Plus a fully fenced yard! It's move-in ready and full of charm with a decorative family room wall and new bedroom skylight. It's just minutes from everything, including local music, art, food, and
Wonderful opportunity to purchase one of the few lots available in sought after Fountain Square! Develop and build your dream home in downtown Indy, close to all the hustle and bustle. Huge lot, yard and city views! This is a lot 33x186 and is just awaiting your permits so you can build your dream home!
Discover an exceptional opportunity at 1319 Prospect St in the vibrant heart of Fountain Square! This expansive 63x180 lot offers limitless potential for your next development project, whether you envision a multi-family residence or a dynamic mixed-use property. Nestled amidst a lively atmosphere filled with trendy restaurants, eclectic shops, and bustling bars, this prime location is a canvas
Nestled at 1519 Woodlawn AVE Unit B, INDIANAPOLIS, IN, this carriage house offers a unique opportunity within the heart of the USA. Built in 2023, this home presents a fresh and modern living space. The single full bathroom is designed with contemporary fixtures, creating a private and refreshing space to start and end your days. With 580 square feet of living area, this residence provides an
Step into The Assembly, where historic architecture of the original Ford Assembly Plant meets sleek, modern design in the heart of downtown Indianapolis. Our thoughtfully restored industrial building offers stylish 1-, 2-, and 3-bedroom lofts featuring open layouts, in-unit laundry, stainless steel appliances, and expansive windows. Enjoy upscale amenities like a rooftop lounge, 24/7 fitness
Step into a beautifully updated historic bungalow moments from downtown Indy and an easy walk to vibrant Fountain Square. This 2 bedroom, 2 bath home blends character with modern comfort throughout. A down-to-the-studs renovation in 2016 delivered new flooring, designer lighting, updated electrical and plumbing, new windows, siding, roof, dual HVAC zones, and a stylish kitchen with open shelving,
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
