$442,439Average Value$207Average Price per Sq Ft2Homes For Sale
Historic market marks downtown Indianapolis neighborhood
A couple blocks east of Monument Circle in downtown Indianapolis, Market East District is a cultural center with more than a century's worth of stories to tell. Established in 2014, this neighborhood is Indy's newest official cultural district, although it has played an active role in the city's commerce since the 1800s. City Market, a registered historic landmark, was established in 1821, connecting farmers to the urban community. Until recently, it was a spot to grab a tasty meal from about a dozen vendors. The Market has constantly evolved to cater to the city's needs, and the evolution continues. It's currently undergoing a $200 million redevelopment. Meanwhile, Market East still offers all the perks of downtown living. "The walking score is very high, and there are a lot of restaurants, entertainment venues, activities and nightlife," says Carlos Higareda, Realtor with Exp Realty.
While upgrades are made, shops and restaurants are nearby
The City Market East and West Plaza Redevelopment project will revamp the block where the market is located, adding an 11-story tower, 400 housing units and upgrading public spaces. City Market is scheduled to reopen in 2026. Coffee shops, restaurants and bars are accessible within walking distance. Tinker Coffee jump-starts the day with unique drinks like an espresso lemonade. Organic groceries are always close by at the centrally-located Whole Foods. At Commissary Barber and Barista, locals enjoy a fresh-brewed coffee, a handcrafted cocktail at the Blind Tiger bar and a trim and a shave in the barber chair. The Rathskeller, located less than a mile north, has German bites like schnitzel and live music Wednesday through Saturday.
Locals live in luxury condos and townhouses
Market East is mainly known for its apartment living. However, homebuyers looking for property in the city have several options, mainly in the northern section of the neighborhood. Luxury condominiums and townhouses began popping up here in the 2000s. Firehouse Square is the neighborhood's primary townhouse development. Its stately buildings are made of brick with decorative window features and centered around a private park. Townhouses range from 760 square feet to 2,700 square feet, costing about $410,000 to $525,000. The Packard is a gated condo development built around a central courtyard. The Hudson has penthouse units with rooftop gardens and skyline views. Condos in Market East range from about 1,000 square feet to 3,000 square feet. They may cost $238,000 to $1.1 million.
Restful spots between high-rises
Green spaces are woven between high-rises. Several parks and plazas offer seating areas for a quick escape during the lunch hour. Benches provide a restful spot along the walkways at Presidential Place Park. An American Elm Tree stands tall over this park, a gift from former President George H.W. Bush. The Hot Room Indianapolis is a good space for a challenging hot yoga workout.
Game day fun near Market East
Market East residents get involved in local events, from farmers' markets to professional sports. The Original Farmers' Market keeps the Indianapolis tradition of farm-to-city produce alive. Vendors sell seasonal fruits and vegetables, meats and cheese, baked goods and more. The Farmers' Market takes place from May through October at Monument Circle. Whether it's the Indianapolis Colts or the Indiana Pacers, game day is a big deal in Indianapolis. Market East is about a mile from Lucas Oil Stadium and Gainbridge Fieldhouse. "The energy is very high for both teams," Higareda says. "The tailgating scene for the Colts is very active on Sundays."
Walking is a breeze in downtown Indy
Downtown living comes with easy walking, running and biking. The Indianapolis Cultural Trail is a wide pedestrian pathway connecting Market East to landmarks throughout downtown Indianapolis. It runs through the neighborhood along Alabama Street and East Washington Street. Bikeshare stations are also planted along the trail. Market East is the city hub for public transportation. IndyGo buses arrive and depart from the Julia Carson Transit Center.
Market East students gain a worldly perspective
Market East is close to an entire pipeline of Indianapolis public schools. The school district gets a C from Niche. Younger students may spend the day at Center for Inquiry School 2, earning a B-minus from Niche. It serves kindergarten through eighth-grade students. As an International Baccalaureate World School, it addresses global issues through community service, language instruction and other methods. Teens may attend Arsenal Technical High School, which receives a C. There, students can earn early college credits from Ivy Tech Community College.
High overall crime score in Market East
Market East's CAP Index crime score is 10 out of 10, compared to the national average of 4 out of 10. It receives a score of nine for sexual assault and robbery and a 10 for burglary, motor vehicle theft and larceny. In 2023, the city invested $3.5 million to reduce crime in Mile Square, including Market East. The plan will include additional security cameras at 23 businesses, two new mobile security cameras and increased police patrols.
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
Interested in learning more about homes in this area?
Reach out to
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an experienced agent in this neighborhood.
Parks in this Area
Highland Park Playground
Colts Canal Playspace
Playground
Multi-Purpose Field
Walking Paths
University Park
Highland Park
Hot Shot Tot Lot
Edna Balz Lacy Park
Indianapolis Cultural Trail
Transit
Airport
Indianapolis International
26 min drive
Bus
Ctc-R
Bus
Ctc-B
Bus
East St & Market St
Bus
Alabama St & Michigan St
Bus
Ctc-O
Bus
Alabama St & Market St
Bus
New York St & New Jersey St
Market East Demographics and Home Trends
On average, homes in Market East, Indianapolis sell after 163 days on the market compared to the national average of 70 days. The median sale price for homes in Market East, Indianapolis over the last 12 months is $548,965.
Welcome to downtown living at its finest! This stunning 2-story penthouse at The Hudson offers the perfect blend of modern luxury and urban convenience. Just outside your door, indulge in the vibrant energy of Indianapolis with easy access to Mass Ave, Bottleworks, Monument Circle, Whole Foods, and an array of dining, entertainment, and cultural experiences. Whether you're catching a concert,
Luxury Living on Historic Mass Ave 2 Beds + Office | 2 Baths | High-Rise Condo | Premium Upgrades Throughout Experience the best of downtown living in this elegant high-rise condo located on iconic Massachusetts Avenue-Indy's vibrant hub for dining, shopping, and culture. This meticulously upgraded residence blends refined finishes with effortless urban convenience and thoughtful design.
This fully updated fifth-floor condo offers luxurious single-level living in the heart of downtown. Featuring 2 bedrooms, an office, and 2 full baths, the split floor plan occupies the southwest corner of the building, offering panoramic views from the new IU Health Downtown Hospital to Eli Lilly & Company. Engineered hardwood floors guide you from the chef's kitchen, equipped with Sub-Zero, Wolf
Artistry is a creatively revitalized mixed use campus in the Cole Noble district of downtown Indianapolis. Its architecture, modern features and appreciation for the arts is bound by the community's history of craft and skill. The main building features five stories of urban apartment homes and up to 68,000 square feet of commercial office space. With the addition of Mentor, Muse & Mosaic, the
Beautiful executive 2 bedroom 2 full bath condo with the best western facing views in Lockerbie! Open concept living makes this home a great entertaining space. This home showcases stainless steel appliances, granite countertops, built in audio system with volume control for each room and gorgeous hardwood floors in the main living areas. Two huge bedrooms offer their own full bathrooms and
Luxury hits new heights! On the site of the former iconic Market Square Arena, 360 Market Square has risen on the same hallowed ground to become a 28-story mixed-use development. Featuring 292 luxury studio, one and two bedroom apartments. 360 Market Square also includes a 40,000 square foot Whole Foods Market™, and a 525-space parking garage.
Interested in learning more about homes in this area?
Reach out to
Luci Chalian,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,819
Median Age
34
Population Density
17 ppl/acre
Population under 18
13.4%
Below the national average
23.8%
Population over 65
8.9%
Below the national average
19.1%
Finances
Median Household Income
$87,303
Above the national average
$71,702
Average Household Income
$106,002
Education and Workforce
High School Graduates
98.1%
College Graduates
79.3%
Significantly above the national average
34.1%
Advanced Degrees
34.5%
Above the national average
13.3%
% Population in Labor Force
57.4%
Weather
Annual Precipitation
43''
Average Winter Low Temperature
21°F
Average Summer High Temperature
85°F
Annual Snowfall
16''
Area Factors
Biker's Paradise
Bike Score®
97/ 100
Walker's Paradise
Walk Score®
93/ 100
Good Transit
Transit Score®
66/ 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.
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.
