Located in Madison County, Indiana, Anderson is a suburb of Indianapolis first developed in 1827.
The city has a very interesting history with its early roots in Industrialization.
With the completion of the Indianapolis Bellefontaine Railroad in in 1852, Anderson burst to life.
Numerous industries located here such as natural gas and car manufacturers. These companies aided in a thriving economy until the 1970s when Anderson suffered a mass deindustrialization and companies like GM shut down, laying off nearly 22,000 people.
Downtown Anderson is filled with quaint, historic shops and businesses and has a nostalgic, old fashioned feel.
One of the most notable things about Anderson is Anderson University. The campus is 385 acres and has more than 1,100 students.
As of 2019, the population is reported to be at 54,513 and the median household income is $37,038.
The median home value is $72,900 while average monthly rent is $757 according to Niche.
78% of the population is Caucasian with 14.8% being African-American, 5.5% Hispanic, and several other ethnicities making up a very minute portion of the population.
56.9% of residents own their homes versus rent.
The public school district has 6,811 students from grades PK-12th and a student-teacher ration of 15-1 and they spend $9,780/student compared to the national average of $12,239.
Learn More About Investing in Anderson with the REI Podcast:
T&H Realty is working with Owner Clients to add Anderson rental properties to their portfolios. If you are interested in finding properties in that area, our brokerage would be more than happy to help you purchase a property.