Indianapolis is the primary hub of the Central Indiana real estate market, and is practically synonymous with the Marion County real estate market. The Indianapolis market is enriched by the presence of the many smaller markets that surround it, each lending its own distinctive flare to the Indy market, depending on which side of the city you happen to find yourself. On the north side, for example, are the influences of Zionsville, Carmel and Fishers. One the south side it’s all about Greenwood and Mooresville. And on the city’s west side are influences from Brownsburg, Avon and Plainfield. To the east is Greenfield.

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Within the Indianapolis market itself are several, distinct sub-markets. Here are a few of the more popular ones in the city.

• The Eagle Creek area is on the city’s northwest side, just outside the I-465 beltway. Many of the most desirable homes in Eagle Creek are those that come with waterfront views of the amazing, 1,400-acre Eagle Creek Reservoir. Others are located right off the Eagle Creek Golf Club. Approximately 3,900 acres park make this a very beautiful place to live.
• Nora is a very seasoned area, with ample shopping, restaurants, centrally located on the city’s north side, not far from Carmel. Homes in the Nora area typically have larger lots and mature trees. Nora is also not far from the Fashion Mall.
• If you’re into the hustle and bustle of the city, and love shopping, the Castleton area is just east of Nora.  Just about anything you could want to buy can be found somewhere in Castleton. This area is dense with commerce. Homes in Castleton area are also not far from Fishers.
• Then there’s the coveted Geist-Lawrence area, with its beautiful lakeside communities. Homes in this area offer the obvious advantage of waterfront views, which means excellent resale values and continued strong demand.
• The Broad Ripple area is rich with art and culture, and just north of what many regard as the city’s “old north side”. Broad Ripple real estate is generally priced above the average for the rest of the city simply because it is such a popular area.
• The “Meridian-Kessler” area is an extremely desirable area in which to own a home. This area is generally considered to be everything between Meridian and College, and from 38^th Street to Kessler. Homes in Meridian-Kessler are virtually all custom-made, exceptionally built–oh, and beautiful to look at.
• Moving further south, for example, is the Butler-Tarkington area. Homes in this area are older and tend to have more character since they were built in an era where custom homes were still the norm. Homes in this area hold their value really well since they are located near Butler University.
• And then there’s the downtown market, with such areas as Fountain Square, Lockerbie Square and “Mass Ave” among the more popular places to live. Buying a home downtown, whether you’re talking about condos for sale in Indianapolis or even a regular home, means living close to some of the most popular attractions in the city, such as Lucas Oil Stadium, Banker’s Life Fieldhouse, the Indianapolis Children’s Museum and Circle Center Mall to name a few. And the nice thing about living in the heart of downtown Indianapolis is that virtually everything is within walking distance.

Indianapolis real estate, over all, is quite affordable. In fact, the city claimed the #1 spot on CNNMoney’s list of the “Most affordable U.S. cities to buy a home”. But just because Indianapolis is an affordable city doesn’t mean you can’t find upscale, even luxury, real estate. While luxury homes are not as common, they do represent a very real segment of the Indianapolis market. The beauty is that even these higher-end homes are more affordable than in other areas of the country and even the Midwest.

In summary, the Indianapolis real estate market offers the advantages of living in a major metropolitan area, with surprisingly few of the typical disadvantages. Living in Indy means living in a city that offers all sorts of world-class attractions and things to do, a very solid economy fueled by some the world’s top employers, a median income on a par with the country as a whole, exceptionally affordable real estate prices, tons of shopping, restaurants, art and culture. If you’re looking to buy a home in a great city, it doesn’t get much better than that.

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