What is the median home price in Speedway?

The median home price in Speedway, Speedway town, Indiana is $178,000, which is 37% below the national average of 281,900 ($281,900).

Speedway, Speedway town, Indiana has a violent crime rate of 0.0 per 1,000 residents, which is 100% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 0.2 per 1,000 residents.

What is the Walk Score for Speedway?

Speedway, Speedway town, Indiana has a Walk Score of 47 out of 100, classified as "Car-Dependent." The national average Walk Score is 48/100. The transit score is 0/100. The bike score is 53/100.

What is the median household income in Speedway?

The median household income in Speedway, Speedway town, Indiana is $52,627, which is 29% below the national average of 74,580 ($74,580).

What is the average rent in Speedway?

The median rent in Speedway, Speedway town, Indiana is $1,013 per month. The national average median rent is $1,163/month.

What is the air quality in Speedway?

Speedway, Speedway town, Indiana has an Air Quality Index (AQI) of 44, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Speedway?

The population of Speedway, Speedway town, Indiana is approximately 13,646. The homeownership rate is 35.0% (national average: 65.9%).

What are the climate risks in Speedway?

Speedway, Speedway town, Indiana has an overall climate risk rating of "Relatively High" with a risk score of 84.70. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Speedway affordable?

Speedway, Speedway town, Indiana has an affordability index of 159, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 14.6¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Speedway?

The unemployment rate in Speedway, Speedway town, Indiana is 5.2%. The national average unemployment rate is 3.7%. The poverty rate is 17.2% (national average: 12.4%).

Speedway

Speedway town, Indiana

Affordable

About Speedway

Welcome to Speedway, Indiana, a town that proudly lives up to its name, especially during the annual Indianapolis 500. This charming town, home to 13,646 residents, offers a lifestyle centered around community and affordability. Unlike the national median home value of $350,000, you'll find homes here for a median of $178,000, making it an incredibly attractive option for first-time homebuyers or those looking to downsize without sacrificing quality of life. Speedway exudes a small-town vibe with a strong sense of community, perfect for those seeking a friendly atmosphere and a slower pace of life, all while being just minutes away from the vibrant city of Indianapolis.

From an investment perspective, Speedway presents a compelling opportunity. While the median household income of $52,627 is lower than the national average of around $75,000, the lower cost of living more than compensates, and the town is well-served by diverse employment opportunities in and around Indianapolis. The housing market is stable, and the town enjoys a reputation for safety, making it ideal for families and individuals seeking a secure environment. Speedway's blend of affordability, community spirit, and proximity to Indianapolis makes it an excellent choice for those seeking value and convenience in their real estate investment.

Speedway, Indiana at a Glance

Speedway is a city in Speedway town, Indiana with a population of approximately 13,646. The median home value is $178,000 and the median household income is $52,627. It has a Walk Score of 47 out of 100, indicating car dependency. The violent crime rate is 0.0 per 1,000 residents, which is 100% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively High." Median rent is $1,013 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.