Section Image

Fountain Square

Fountain Square

$318,075 Average Value
$195 Average Price per Sq Ft
88 Homes 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.
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.
Elevate your evening in Fountain Square with breathtaking city views from The Rooftop Garden's.
1/2

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. “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.
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.
Sip, snack, and snuggle with adoptable cats at Nine Lives Cat Cafe in Fountain Square.
1/2

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.
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.
The Fountain Square community volunteers host this special event of Scare in the Square.
1/2

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.
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.
1/2

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.
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.
Colorful single family homes are a favored theme among Fountain Square locals.
1/2

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.
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.
Take a walk around the World War II Memorial downtown near Fountain Square.
1/2

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.
William McKinley Elementary School is a beacon of education in the heart of Fountain Square.
Arsenal Technical High School is located in Indianapolis, Indiana.
Arsenal Technical High School is located in Indianapolis, Indiana.
1/2
Brian Saunders
Written By
Brian Saunders
Kyle Cook
Photography Contributed By
Kyle Cook
Bob Yukich
Video By
Bob Yukich

Agents Specializing in this Area

See All Agents

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

Fountain Square Demographics and Home Trends

Housing Trends

Median List Price
$350,000
Median Sale Price
$325,000
Median Single Family Sale Price
$344,950
Median Townhouse Sale Price
$329,900
Median Change From 1st List Price
4%
Last 12 months Home Sales
153
Median Home Sale Price YoY Change
5%
Average Price Per Sq Ft
$195

Neighborhood Facts

Number of Homes in Neighborhood
2,384
Number of Homes for Sale
88
Median Year Built
1919
Months of Supply
6.90
Average Single Family Home Size Sq Ft
1,728
Below the national average
1,924
Average Townhouse Size Sq Ft
1,876
Average 2 Bedroom Size Sq Ft
1,654
Median Lot Size Sq Ft
3,920

Open Houses

  • Sunday, Sep 21
    1 - 3pm

    1138 Olive St, Indianapolis, IN 46203

    $499,000

    • 4 Beds
    • 2.5 Baths
    • 2,474 Sq Ft
    • 1138 Olive St
    • New 6 days ago

    REIMAGINED FOUNTAIN SQUARE BEAUTY. Originally built in 1910 and thoughtfully reimagined in 2017 By HGTV's Good Bones, this two-story home blends historic charm with modern design and convenience. A welcoming front porch, charming picket fence, and private side patio sets the tone for the warmth of this home. Inside, you'll find laminated hardwood floors, tall windows, classic trim work, and

    Scott Lynch F.C. Tucker Scott Lynch Group

    Section Image
  • Sunday, Sep 21
    1 - 3pm

    1118 Churchman Ave, Indianapolis, IN 46203

    $249,900

    • 2 Beds
    • 2 Baths
    • 812 Sq Ft
    • 1118 Churchman Ave
    • New 17 days ago

    This beautifully renovated 2-bedroom, 2-bathroom home was transformed down to the studs in 2020 and features a fully private fenced backyard-perfect for relaxation and entertaining. Experience a bright, open living space that includes a stylish kitchen with a stunning quartz center island and stainless steel appliances, alongside a spacious living room filled with natural light. The second

    Patricia Jackson CENTURY 21 Scheetz

    Section Image
  • Sunday, Sep 21
    11am - 1pm

    2027 Lexington Ave, Indianapolis, IN 46203

    $549,999

    • 4 Beds
    • 4.5 Baths
    • 2,509 Sq Ft
    • 2027 Lexington Ave

    Welcome to your dream home in Indianapolis' vibrant Fountain Square! This stunning 4-bedroom, 4.5-bathroom residence, a meticulously renovated flipped home, offers modern luxury on a rare double lot. Step into an open floor plan with sleek luxury vinyl plank flooring, new energy-efficient windows, and stylish fixtures throughout. The gourmet kitchen boasts brand-new stainless steel appliances, a

    Maurice Brown Berkshire Hathaway Home

    Section Image

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
On par with the national average
$71,702
Average Household Income
$99,625

Education and Workforce

High School Graduates
79%
Below the national average
89.1%
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®

57 / 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

Reviews

Are you familiar with the Fountain Square neighborhood? to let others know what life in this neighborhood is like.
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