T&H Realty Services Blog

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.  

As of 2017, the population is reported to be at 55,076 and the median household income is $34,693. The median home value is $70,500 while average monthly rent is $724 according to Niche.

76.1% of the population is Caucasian with 13.1% being African-American, 5.3% Hispanic, and several other ethnicities making up a very minute portion of the population.

 56% of residents own their homes versus rent. 

At T&H Realty Services, we’re all about educating.

If you spend any time on our website, you’ll realize that we work hard to be transparent and open about not only our pricing, but also about our processes and philosophy on running a successful property management company.

And we also don’t shy away from our competition. 

In fact, we embrace them. 

And when we’re not the right fit for someone, we happily refer prospective Clients to various property managers in Indianapolis. 

Below is a list of the top property management companies in the Indianapolis, Indiana area:

I remember the conversation vividly.

We were on a conference call with a Real Estate consultant company a few years ago. 

This company’s main business was/is to attract investors to their platform and then help them buy property in Central Indiana, along with a few other markets around the Country.

Many of those Clients then used us to manage the homes. 

The President of the company was part of the call, along with all of his lead people.

Who the Company is isn’t important, because you likely haven’t heard of them.

At any rate, we were discussing various topics when he went into full sales mode…

“We preach to our Clients that real estate is the best investment of all.”

OK, I thought, I can get behind that statement. 

“Our Clients love cash flow.”

Who doesn’t, I thought. 

“And so, we tell our Clients that owning rental real estate is like owning an annuity: you get a set amount of money each month and then you also get the long-term appreciation. It’s the best of both worlds.”

Whoa, whoa, whoa.

Real Estate is like an annuity?

In what world?

Lawrence Township, located in the northeastern corner of Indianapolis, is the 9th and final Marion County Township in our “Where to Invest in Indianapolis” series. 

Organized in 1822, Lawrence Township has grown to a population of 125,145 as of 2017 according to the Census Bureau. 

Towncharts reports a median age of 35 with a slight majority of the population being female. 

According to Census Reporter, the median household income is $48,660 and ethnicity breakdowns are as follows - 53% Caucasian, 34% African-American, 9% Hispanic, 2% Asian, and 3% Other. 

Niche reports median home values of $151,400 compared to the national average of $184,700 and a median rent value of $822 compared to the national average of $949. 59% of people in Lawrence Township own their homes versus 41% who rent.

We’re nearing the end of our deep dive into the 9 Marion County Townships in Indianapolis.

The smallest in both geographic size and population, Decatur Township, is located in the southwest corner of the county. 

In the 1820s, it was predominantly settled by Quakers from South Carolina. 

For its small size and rural feel, Decatur has a pretty big claim to fame. It’s the site of the Indianapolis International Airport. 

AmeriPlex, one of the largest industrial parks in the state, is also located there. 

As of 2017, the population consisted of 34,297 people with a median age of 32.8 according to the Census Bureau.

86.2% of the population is Caucasian and the median household income is $54,005.

According to Niche, the median home value is $110,900 (compared to the national average of $184,700) and the median monthly rent is $845 (compared to the national average of $949).

Located smack dab in the “center” of Indianapolis, lies Center Township. 

Center Township includes Downtown and part of Beech Grove and is the most populated Township in Marion County, with 3,511 people per square mile according to Town Charts. 

The boundaries are the South side 38th street, the East side of Belmont Avenue, the West side of Emerson Avenue, and the North side of Troy Avenue.

As of 2016, there were 147,110 people residing here. The median household income is just $27,718 as reported by Best Places. 

The median age is 33.8 with a racial makeup of 57.5% Caucasian, 34.8% African-American, and 7.4% comprised of various other ethnicities. 

According to Niche, The median home value is $74,600 and the median market rent is $825.

59% of the population rent versus 41% who own their home. 

Center Township is very unique in the fact that it covers a broad spectrum. Some of the best real estate in Indiana is located here, but so is some of the worst.

Example: The most expensive single family residence to ever sell in our local MLS system ($4.8M in 2016) is located in Center Township. By contrast, some of the cheapest real estate - we're talking less than $1,000 cheap - has also been sold in Center Township. 

As you might have guessed, some of the oldest real estate in Indiana still exists in Center Township. However, several years ago, a building resurgence occurred and continues today, particularly in the outlying neighborhoods outside of the immediate downtown area.  

This mass gentrification has made some sections of Center Township very desirable for young people, families and, more recently, retirees who are looking to downsize and crave walkability.