Indianapolis is the 12thlargest city in the country with a population of close to 830,000. It's the capital of Indiana, and it has been voted by numerous publications as one of the best places to live in the United States when it comes to large cities. The city offers a great deal for its residents, including large scale attractions, major sports, and comfortable living. Indianapolis is also noted as one of the fastest growing cities in the country. It is home to a huge selection of housing, including rental apartments, rent to own houses, and purchasable homes.
One thing that makes Indianapolis one of the best places to live in the country is its cost of living. The cost of renting a home is $700, which is pretty much the average across the country for a one-bedroom property. The average price of a home is less than $100,000, at $99,570. If youre looking for a place to live, there are approximately 800,000 houses with less than 10% vacant. As with most cities there are more people who own a home than those who are renting a home. There are 63% of residents who own a home and 30% of residents who rent a home. If you own a home, the average cost of a home in Indianapolis is about $130,000. an.
Indianapolis was rated in 2009 as having one of the most affordable housing markets in the country. A year later Indianapolis was rated the 10thbest city to relocate to. If you are looking to Indianapolis as a place to retire, it was rated number six as a retirement destination. If you are considering a business in rental property investing, Indianapolis is a great place to start.
Indianapolis has many well-known companies headquartered in the city. This is one of the reasons the city has experienced so much growth. One of the largest companies headquartered in Indianapolis is Eli Lilly and Company, a large pharmaceutical manufacturer. The wireless provider Brightpoint is located here. Indianapolis also has distribution centers for FedEx Express, Amazon, Target, and CVS Pharmacy. The health insurance provider, Wellpoint, is also located here. Conseco, Emmis Communications, Steak n Shake, and Dow AgroSciences, Sallie Mae, Rolls-Royce, Raytheon, and General Motors are a few more popular companies that call Indianapolis home.
Indianapolis is rich in arts and culture. The city actually has six cultural districts located throughout the city. There is a cultural trail which is an urban bike and pedestrian pathway that connects the six cultural districts. The center of Indianapolis has a Monument Circle, which is dedicated to the military. There is the War Memorial Plaza dedicated to soldiers of World War I. In fact, the city is second to only Washington, D.C., when it comes to war memorials.
There are plenty other historical attractions, theaters, and performing arts places, such as Beef & Boards Dinner Theater, Indiana Repertory Theater, Madame Walker Theater Center, and the Indianapolis Symphony Orchestra. The Childrens Museum of Indianapolis is the largest childrens museum in the world.
North Side: The North side of the city is considered the central part and it is the oldest. Many of the purchasable and rental homes there are being renovated. It is pretty much an urban area with areas like Cottage Home and Lockerbie Square. The Butler-Tarkington neighborhood is close to Butler University with many college students living in this area. If you have a family you may consider Meridian-Kessler. It is an area full of brick homes and spacious yards thats perfect for families.
East Side: If youre looking for a hipper area, Broad Ripple Village is perfect. The houses are not as large as in Meridian-Kessler but theres plenty of space with more of a community feel and a lively nightlife. If youre into the corporate scene, you may be interested in the suburbs farther north in Hamilton County. This area is part of Indianapolis metro area and has a 10% vacancy rate. Younger professionals tend to gravitate to the area of Fountain Square. The homes are larger here than in the Broad Ripple Village.
South Side: Perry Township is another neighborhood that provides its residents with a lot of space and large homes. There used to be nothing but farms here, but now there are large homes with plenty of space for families.
West Side: Pike Township is a neighborhood full of different cultures and backgrounds. The main attraction to the area is that it is rural in nature.
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