Located in Marion County
If you build it, they will come. That’s what happened when visionaries built Indianapolis Motor Speedway, then created a town to support it. Speedway, Indianapolis, has grown into a community of nearly 14,000, anchored by the race track that put it on the map – literally. It has its own town council and the highest-rated school district in Marion County.
The Indianapolis 500 has been a Memorial Day weekend tradition since 1911, a year before Speedway came into existence. The town was created as a planned community to support the Indianapolis Motor Speedway and the racing industry that developed around it. The green flag drops on the local racing season with the annual 100 Days Out party at the track in mid-February. Once May rolls around, practices begin, and Main Street buzzes with community events. On race day, the community welcomes more than 300,000 visitors, and this normally quiet town becomes a loud, raucous destination.
Bungalows, both large and small, are common among Speedway’s mostly older housing stock. Homes date to the 1920s, and much of the town was developed during the 1930s and 1940s. Ranch-style homes are prominent among midcentury designs, which also include split levels. Older homes lack driveways and attached garages, but those are standard features on midcentury and contemporary homes. Prices typically range from the low $100,000s to the high $300,000s. Renovated older homes are some of the highest priced. More than half of residents are renters, and the median age is 36.
Six highly rated schools make up the Town of Speedway school district. There are four elementaries, which serve students in kindergarten through sixth grade, a junior high and a high school. Speedway Senior High is consistently ranked as one of the state’s best and was recently recognized by U.S. News & World Report for its academic success. The schools are intertwined with the community’s racing heritage. Fisher, Allison, Newby and Wheeler elementaries are named after the town’s founders, and Speedway High School competes as the Sparkplugs.
Fittingly, Speedway was developed as a “no horses” community, one of the country’s earliest automotive suburbs. Today, residents can get to important local destinations quickly, without driving 200 mph. Both downtown Indianapolis and Indianapolis International Airport are about 5 miles away. Interstate 465 provides a direct route to the airport, which is part of a national logistics and distribution hub. Interstate 465 connects with Interstate 70 near the airport. Residents can also catch the bus on 16th Street for trips downtown and to the airport.
Popular dining options are concentrated along Main Street. The diverse mix includes:
Brickyard Crossing is the local golf course, and it, too, is connected to Indianapolis Motor Speedway. Most of the layout is adjacent to the track, but four holes are within the 2.5-mile oval. Golfers cross the track to play holes 7 through 10. The course is closed on race day. Meadowood Park and Leaonard Park are community green spaces that offer walking paths, playgrounds and athletic courts. The Ziegelmueller Pavilion at Meadowood Park hosts a summer concert series.
Interested in learning more about homes in this area? Reach out to , an experienced agent in this area.
Kristen Cambridge
@properties
(877) 606-9562
190 Total Sales
1 in Speedway
$265,000 Price
Timothy Birky
F.C. Tucker Company
(317) 886-1885
156 Total Sales
1 in Speedway
$299,900 Price
Bob Magiera
Hoosier Realtors
(930) 966-2273
109 Total Sales
1 in Speedway
$267,000 Price
Bill McMurray
BluPrint Real Estate Group
(833) 702-6545
14 Total Sales
1 in Speedway
$200,000 Price
Rashelle Howe
CENTURY 21 Scheetz
(833) 967-2721
48 Total Sales
3 in Speedway
$110K - $320K Price Range
Sylva Zhang
@properties
(930) 322-1729
65 Total Sales
1 in Speedway
$221,500 Price
On average, homes in Speedway, IN sell after 3 days on the market compared to the national average of 54 days. The median sale price for homes in Speedway, IN over the last 12 months is $280,950.
$994 - $1,886 per month
$1,093 - $1,921 per month
$1,319 - $3,563 per month
$915 - $1,499 per month
$1,500 - $1,650 per month
$767 - $1,306 per month
$809 - $1,564 per month
$1,024 - $1,629 per month
Bike Score®
Walk Score®
Transit Score®
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
