Indianapolis, IN, house to the Indy 500, the Indianapolis Zoo, and Monument Circle, is an iconic Midwestern metropolis. With every part that Indianapolis has to supply, it’s not a shock that roughly 895,000 individuals stay within the metropolis. And in case you’re contemplating dwelling in Indianapolis, there are three issues it’s best to know – the housing market could be very aggressive, the median house sale worth is $246,125, and the typical lease worth of a 2-bedroom condominium in Indianapolis is $1,207.
Don’t fear if these costs don’t slot in your funds – we’ve received choices that can assist you discover a house that does. We’ve compiled a listing of the 9 finest inexpensive Indianapolis suburbs to contemplate dwelling in. And so they’re all lower than 45 minutes away from town, so that you’ll nonetheless be shut sufficient to Indianapolis to discover town with out the worth of dwelling there.
#1: Chesterfield
Median house worth: $110,000Driving distance from Indianapolis: 45 minutesChesterfield, IN houses on the marketChesterfield, IN flats for lease
With a median house sale worth almost $140K lower than Indianapolis, Chesterfield claims the primary spot on our record of inexpensive Indianapolis suburbs. About 45 minutes away from downtown Indianapolis, Chesterfield is house to roughly 2,500 residents. Residing in Chesterfield, you possibly can spend time exploring Wallbridge Acres Park.
#2: Anderson
Median house worth: $129,950Driving distance from Indianapolis: 40 minutesAnderson, IN houses on the marketAnderson, IN flats for lease
Taking the second spot on our record is Anderson. About 40 minutes away from downtown Indianapolis, you’ll be testing the Kids’s Museum of Indianapolis very quickly. Residence to Shadyside Memorial Park Chinese language Gardens and Mounds State Park, there are many out of doors actions to take pleasure in in Anderson. When dwelling on this suburb of 55,000 individuals, you may also spend the day testing the Anderson Museum of Artwork.
#3: Edinburgh
Median house worth: $167,500Driving distance from Indianapolis: 35 minutesEdinburgh, IN houses on the marketEdinburgh, IN flats for lease
Drive simply 35 minutes away from Indianapolis and also you’ll attain Edinburgh, one other nice suburb to contemplate shifting to. From parks and out of doors recreation to supporting native companies, there are many issues that make Edinburgh an awesome place to stay. If you end up shifting right here, be certain to play a spherical of golf at Timbergate Golf Course.
#4: Shelbyville
Median house worth: $170,000Driving distance from Indianapolis: half-hourShelbyville, IN houses on the marketShelbyville, IN flats for lease
Just a little costlier than Edinburgh is the suburb of Shelbyville. With roughly 20,000 residents on this Indianapolis suburb, be certain to cease by the Blue River Memorial Park for a day within the solar. Don’t miss testing the Horseshoe Indianapolis Racecourse to look at the horse races.
#5: Beech Grove
Median house worth: $180,000Driving distance from Indianapolis: quarter-hourBeech Grove, IN houses on the marketBeech Grove, IN flats for lease
quarter-hour away from downtown Indianapolis is Beech Grove, one other nice suburb to contemplate shifting to. Residence to fifteen,000 residents, this inexpensive city is usually a nice selection for individuals trying to stay near Indianapolis with out paying the worth for a house within the metropolis. Residing in Beech Grove, you’ll discover Don Challis Park and the Hornet Park Group Heart.
#6: Edgewood
Median house worth: $202,500Driving distance from Indianapolis: 40 minutesEdgewood, IN houses on the marketEdgewood, IN flats for lease
One other well-known Indianapolis suburb is Edgewood, the place you’ll discover the house costs are about $40K lower than in Indianapolis. Residence to roughly 1,800 individuals, Edgewood is a superb suburb to contemplate dwelling in. There are many actions to do on this suburb like testing one of many quaint parks, amongst many different native favorites.
#7: Lebanon
Median house worth: $226,000Driving distance from Indianapolis: half-hourLebanon, IN houses on the marketLebanon, IN flats for lease
Claiming the seventh spot on our record of inexpensive Indianapolis suburbs is Lebanon, which is barely half-hour away from town middle. With a inhabitants of near 16,000, Lebanon is a superb space to stay in that’s not almost as massive as Indianapolis. For those who’re going to name this suburb house, plan time to discover Seashore Waterpark and Abner Longley Park.
#8: Cumberland
Median house worth: $228,000Driving distance from Indianapolis: 25 minutesCumberland, IN houses on the marketCumberland, IN flats for lease
Transferring to Cumberland gives you entry to downtown Indianapolis in near 25 minutes – so long as you don’t end up in visitors. Shut to six,000 individuals stay on this suburb, however you’ll discover a lot of out of doors actions in Cumberland. Ensure to cease by Lions Park for a picnic or seize some meals at one of many native eating places.
#9: New Whiteland
Median house worth: $235,000Driving distance from Indianapolis: 25 minutesNew Whiteland, IN houses on the marketNew Whiteland, IN flats for lease
Residing in Indianapolis, it’s doubtless that you simply’ve heard of New Whiteland, the ninth and last suburb on our record. About 89,000 residents name this inexpensive suburb house, so that you’ll have a fraction of Indianapolis’s inhabitants whereas remaining near town and its sights. As soon as shifting to New Whiteland add Rascal’s Enjoyable Zone amusement park and Proctor Park to your record of locations to go to.
Methodology:
Affordability relies on whether or not a suburb is lower than the median sale worth of Indianapolis and beneath a 45-minute drive from downtown Indianapolis. Median house sale worth information from the Redfin Information Heart throughout April 2022. Common rental information from Hire.com Could 2022. Inhabitants information sourced from United States Census Bureau.
