Posts Tagged ‘Personal Finance’

Indiana Real Estate – Racing, Amateur Sports, and College Football

April 20th, 2022

Indiana is the home to a proud tradition of racing with the Indianapolis Motor Speedway. Indiana real estate prices are very reasonable, particularly for first time homebuyers.

Indiana

Considered a crossroads state, Indiana is hub of activity for the upper Midwest United States. Good coming from the Great Lakes intersect with agricultural products heading from the heart of the country. Basketball permeates the state at all levels with movies such as “Hoosiers” being based on true stories in the state.

A state of rolling hills, Indiana is undeniable an auto racing state. The Indianapolis 500 is a traditional memorial day event followed around the country on television and drawing a small city worth of people to the track. You’ll also find tracks throughout the state catering to less glamour events on weekends, but ones that are just as fun.

Indianapolis

The dominant city in the state, Indianapolis suffered for years from a reputation as boring place. While potentially true in the past, the city has moved forward with new developments in sports and culture that have made the city anything but boring. Museums litter the city, giving art lovers much to explore and do.

When it comes to sports, Indianapolis has developed a strong presence with two professional teams, and the development of major amateur sports complexes. The United States Olympic Trials are held in the city and residents can be found playing practically every type of sport throughout the year, even during winter. The White River State Park is a great place to walk, jog and generally get off you couch.

South Bend

Home to the University of Notre Dame, South Bend is a college town with a historic feel. College football rules the day with the Fighting Irish, the College Football Hall of Fame and a classic midwestern atmosphere. A strong Catholic influence is present in this beautiful little city sitting on the shores of the St. Joseph River.

Indiana Real Estate

Indiana real estate is very reasonable and a good place to raise a family with traditional values. A single-family home in either Indianapolis or South Bend will set you back roughly $175,000, a typical figure in the state.

With such low prices, one can’t expect Indiana real estate to appreciate much. In 2005, the appreciation rate was a miserly 4.7 percent, beating only Texas for the lowest rate in the nation.