T&H Realty Services Blog

Moving on down to the south central part of Marion County, we have Perry Township. 

Settled in 1822, it was named after Oliver Hazard Perry, a hero from the War of 1812. 

According to Census Reporter, the population was 114,519 as of 2017 with a median age of 35.9.

There’s a very even split between males and females, but an overwhelming 77% of the population is Caucasian. 

The median household income is $49,693 and 17% of the population lives below the poverty line compared to the entire state which is 13.5%.

Census Reporter also states that 93% of housing units are occupied in Perry Township and 59% of housing units are owner occupied. 

According to MLS data, of the 1,579 homes that were sold in the last year, the median sales price was $154,000. 

Of the 208 homes that were leased, the median rental amount was $1,195.

Perry Township is also home to the University of Indianapolis.

Moving right along in our series, the third township we will be discussing, is Warren.

One of the nine Marion County Townships, it was named for American physician, Joseph Warren, who played a large role in the Patriot organizations during the American Revolution.

According to the U.S. Census Bureau, the population was at 104,572 as of 2017.

The median age is 35.8, with 58% of the population being female.

The median annual household income is $42,199 according to BestPlaces.

Niche reports a median home value of $104,600 compared to the national average of $184,700 and the median rent at $811, compared to the national average of $949.

Another one of the nine Marion County Townships, is Pike.

Located in the northwestern portion of the county, it lies completely inside of Indianapolis except for a small portion of Clermont.

The township is named for Zebulon Pike, an American general and explorer.

The most notable attraction of Pike Township is hands down Eagle Creek Park. At approximately 1,400 acres, it’s the largest park in Indianapolis, and one of the largest municipal parks in the US.

According to Census Reporter, the current population is at 82,247 with a median household income of $52,917.

The median age is 32.4 with a fairly even male-female ratio and almost half the population falls into the 20-49 year old age range.

There’s also a pretty even split of homeowners to renters with 52% going to the former and an estimated 8% vacancy rate.

With 1,160 homes sold in the last year, the median sale price was $147,000 and the median monthly rental rate was $1,285 according to MLS data.

We work with numerous investors on a weekly basis, many of whom are new to the Indianapolis market, or are new to REI in general.

If you find yourself in one of those categories, you’ve probably asked the question, “Where should I invest in Indianapolis?”

While we’ve touched on this topic in a previous blog, we thought it was time to dive a little deeper.

We’re going to breakdown the Central Indiana market for you, township by township.

We hope this series will offer some insight into what Indianapolis has to offer, and will help you determine the best area to invest in for your goals and strategy.

First up, Washington Township.

Now, our office happens to be located here, so we may be a little biased, but we had to start somewhere!

**Note: This blog was updated - again - on June, 2019, to reflect new changes to the Sheriff Sale.**

This is a topic I’m shocked has taken us so long to blog about.

We’ve been attending the Marion County Sheriff Sale since 2005.

And - wow - do we have stories to tell.

Lot’s of them, which we may decide to do in future blogs.

But, to start, I thought I would use this blog to discuss the basics of the Marion County Sheriff Sale.

Sort of a “Marion County Sheriff Sale for Dummies” blog.

Note: I’m obviously not a lawyer, not an expert on foreclosures, so I’ll provide a VERY basic overview of the process.

If you’ve been investing in real estate for any period of time, or even if you’re just in the research phase, you likely know about property classes.

Just in case you’re brand new to REI and have no clue what I’m talking about, there’s an informal grading system that investors use to classify properties.

Yes, I mean literal grades such as an “A” property or “C” property.

I say it’s informal because everyone has their own variation and subjective opinions about what each grade constitutes.

One investor may think a property is a “B” class while another considers it a “C”.

Some grade on an A-B-C scale while others go all the way down to an “F”.

Some go even more in depth by adding pluses and minuses into the mix.

But with all that aside, at its core, the grading system is universally known and is an important factor to consider because each class represents a different level of risk and return.

As a company who manages mostly A/B properties, we are often asked what those types of properties look like.

So, we thought we would take some time to break down each class, provide some real life examples from right here in Indianapolis, and hopefully be able to help you determine which class of property best fits your investment goals.

For the purposes of this blog, we’re going to use an “A” through “D” scale.