Indianapolis will surprise you.
If you’re thinking about making a move to this area, we think you should. Maybe we’re a bit biased. At Red Door Property Management, we’ve been living and working in the metro Indianapolis area for 20 years.
Our city offers everything you love about a modern, metropolitan area without all the drawbacks of city dwellings, such as traffic, overcrowding, and high prices.
If you’re considering a move to Indianapolis, here’s why you should start making plans.
Why You’ll Love Indianapolis
Indianapolis is called Hoosier City. Sometimes it’s called Circle City (named after downtown Monument Circle). We call it Indy for short.
When you live in Indianapolis, you have access to outstanding healthcare, education, cultural events, and recreation. You can cheer on your favorite professional basketball team (Hey, Pacers), or go see a Colts game if you prefer the NFL. Women’s basketball is well-attended too, and our hometown team is the Indiana Fever. You can get a front-row seat at the Indianapolis 500.
There’s a children’s museum that’s pretty impressive. Dozens of parks and outdoor spaces. The seasons change annually, and the art scene is thriving. Living here, you have access to concerts and
We’re all about festivals, too. Visitors and locals gather for SummerFest, the Strawberry Festival, Indy Pride, and SausageFest. Sample local wines at the Vintage Indiana Wine Fest.
Indianapolis Cost of Living
All of the arts, entertainment, and recreation are fantastic.
But, if we’re really looking at benefits - let’s talk about the cost of living.
The capital of Indiana offers new residents a cost of living that’s a full 12 percent lower than the national average.
Unemployment hovers around two percent - also lower than the national average.
The cost of healthcare and transportation are also typically lower compared to other major cities, and taxes in Circle City are more than 10 percent lower than the national average.
You’ll save money living here.
You’ll also have access to affordable housing, whether you’re hoping to buy or rent. At the end of the year, median rents in Indianapolis were at around $1,055. The median home price was $235,000.
It’s almost an even split - with 54 percent of the Indianapolis population living in homes they’ve purchased and 46 percent of residents in Indianapolis renting their homes.
Investing in Indianapolis
If housing seems unaffordable and out of reach elsewhere, you’ll find something in your budget in Indianapolis.
Rents are reasonable, and they’re also on the rise. This sets you up nicely if you’re thinking about investing here. It’s an affordable market to enter, and you can anticipate consistent, recurring rental income as well as appreciation over the long term.
Indianapolis has a lot of the amenities and opportunities that most American big cities offer, but there are fewer challenges and downsides that often come with living in a modern city. We have been able to manage and contain traffic, pollution, and crowding.
Whether you’re thinking about moving here for school, a new job, or just a change of scenery, we’d love to help you make it happen. Let’s talk about where you’ll want to live.
If you’re moving here for real estate investment purposes, we have some great opportunities to discuss.
Contact us at Red Door Property Management.
