As-is Deals in Speedway, IN

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Home Value Estimator For Speedway, IN

There are currently 2,850 real estate properties in Speedway, IN, with a median automated valuation model (AVM) price of $228,068.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Speedway, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Speedway, IN, is $227,549.00, with the most expensive house in Speedway, IN, topping out at $656,612.00 and the cheapest home in Speedway, IN, clocking in at $52,275.00. In other words, there’s something for every potential homebuyer or savvy investor in Speedway, IN!

Rent Prices In Speedway, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Speedway, IN, is on a rollercoaster ride. The average rent price in Speedway, IN, is $1,150.00. Indeed, when looking to rent in Speedway, IN, you can expect to pay as little as $520.00 or as much as $2,020.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Speedway, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Speedway, IN In 2024

Speedway is located in Marion, Indiana, with an estimated municipal population of 12,193 residents. All of the best foreclosed homes for sale in Speedway are located in the following zip code areas on 46224 46222. The estimated population per square kilometer (.62 miles) in Speedway is 990.

Cost Of Living In Speedway, IN

So, about how much do homes cost in Speedway? The most recent median value of resident-owned homes in Speedway is 122,038. An estimated 45.4 percent of households in Speedway own their homes, with an average family size of 3.34. The median household income in Speedway is 42,188, with15.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Speedway, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Speedway? If so, the average rent price paid by renters in Speedway is 826, according to recent statistics.

Diversity And Demographics In Speedway, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Speedway, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Speedway is 33.8, split between 46.7 percent male versus 53.3 female. The percentage of residents who report being married in Speedway is 37.6, with an average family size of 3.34.

The percentage of residents who report their race in Speedway is as follows:

White 62.7%
Black / African American 28%
Asian 2.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 4.6%
Other 1.9%

Looking for family-friendly neighborhoods in and/or near Speedway? Or maybe you are searching for 55+ active adult communities in and/or near Speedway?

The percentage of residents who report their age in Speedway is as follows:

Under 10 17.3%
Aged 10-19 10.2%
20s 18.2%
30s 12.6%
40s 13.3%
50s 11.9%
60s 7.9%
70s 5.3%
80+ 3.3%

Best Schools In Speedway, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Speedway with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Speedway.

Pros And Cons Of Living In Speedway, Indiana

How do you know that living in -- or moving to -- Speedway is right where you need to be? Perhaps you grew up in Speedway or already live nearby; therefore, the decision to buy a home in Speedway is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Speedway for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Speedway:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Speedway.

Reasons To Move To Speedway, Indiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Speedway can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Speedway, meanwhile, can field multiple offers from more qualified buyers.

Speedway, IN As-is Deals


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