Other Free Encyclopedias » Online Encyclopedia » Encyclopedia - Featured Articles » Featured Articles: Cherry Office Furniture - How to Find Cherry Office Furniture to Email A Fax - How to Email a Fax

Indianapolis Indiana Homes - Choosing Indianapolis, Indiana Homes for Sale

city major university capital

Indianapolis is the largest city and capital of Indiana. With a population of 807,584 it is considered the third-largest city of the U.S. Midwest region after Chicago and Detroit and the largest state capital east of the Mississippi River. Indianapolis also serves as the seat of Marion County, located near the geographic center of the state on the White River. Indianapolis was originally settled in the early 1800s and was made the state capital in 1820 after the forceful removal of the Native American inhabitants there. It was chosen primarily for its location in the center of the state and it was assumed the river could be used for transportation. That assumption later proved false, but it did not stop the city from experiencing rapid growth. It was one of the cities on the first east-west national road and railroad operations that began in 1847. After the deterioration of the downtown area in the 1970s and 1980s, a revitalization effort has helped to bring the heart of the city back to prominence. Today, Indianapolis is known as a vibrant, modern city that has led the Midwest into the 21st century.

There are 324,342 households in Indianapolis that occupy 356,980 total housing units. Although there are over 32,000 Indianapolis, Indiana homes listed as unoccupied by residents, only 7,000 to 8,000 of those homes are listed for sale on the market. The median price of those homes for sale is only $118,900, which is slightly lower than the national average. Indianapolis, Indiana homes for sale were not affected by the mortgage crises of 2006 like many other areas. After a slight initial drop, home values spiked sharply in the spring of 2008 and fell again in 2009. Today, the market has been experiencing a steady rise that has surpassed pre-2006 values in some areas. This means Indianapolis homes for sale are in one of the few sellers markets in the United States. Even so, 1,000 to 1,500 foreclosed homes on the market with a median value of $85,000. This gives Indianapolis, Indiana homes an average price/sq ft of only $63.

Indianapolis is an extremely racially diverse city. In fact, this diversity threatened the peace of the city in the past, but has now stabilized. The racial makeup includes 67% white, 26% African-American, 7% Latino, and 2% Asian. In addition, 41% of households in the city are married couples, and 40% are individuals or non-families. Unlike some large cities, the age of residents is weighted on the younger end with 43% aged 18 to 44 and 32% aged 45 and older. The median household income is $40,154.

Indianapolis, Indiana homes for sale are available in every possible form. Single-family homes are the most popular type of housing, but there are also over 150 condominiums in the downtown area. Urban living has become an extremely popular choice in the past decade.

Indianapolis has a large and vital economy that is supported by both blue-collar industries and professional services. Major industries in the city include manufacturing, health-care, and retail. Other areas with high employment in the city are business administration, scientific and technical services, and transportation. Indianapolis also has a large number of suburban communities that have experienced tremendous growth, such as Carmel, Fisthers, Noblesville, and Westfield.

The city is a major hub of the Midwest, so those who live in Indianapolis, Indiana homes benefit from an extensive highway and freeway system that includes four major interstates (I-65, I-69, I-70, and I-74) and the Indianapolis beltway (I-465). It is also the crossroads of six U.S. highways and four state roads. In addition, the Indianapolis International Airport is the busiest in the state and a major hub for FedEx.

Public education in Indianapolis is served by a total of eleven unified school districts consisting of eight township districts and three legacy districts. Higher education is available from a number of top colleges and universities, including Ball State University, Butler University, Purdue University – Indianapolis, and the University of Indianapolis.

Invicta Automatic Watches - Choosing Invicta Automatic Watches [next] [back] Hollywood Florida Homes - Choosing Hollywood, Florida Homes for Sale

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or