$448,413Average Value$265Average Price per Sq Ft13Homes 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.
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On average, homes in Market East, Indianapolis sell after 68 days on the market compared to the national average of 52 days. The median sale price for homes in Market East, Indianapolis over the last 12 months is $312,500, down 20% from the median home sale price over the previous 12 months.
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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.
