Where to Invest in Indianapolis: Plainfield

By Devon L. Hicks on Dec 15, 2019 10:00:00 AM

Located in the southeastern portion of Hendricks County, Plainfield, Indiana sits, home to around 34,386 people.

Originally settled by Quakers, the city got it's name due to the "plain" nature of the people. 

The local economy runs off of warehouse type industries with Plainfield supplying approximately 50% of ALL warehouse jobs in Central Indiana. 

With it's close proximity to the Indianapolis International Airport, the hotel industry is also very popular.

The median age is 37.7 years old with a median household income of $62,121.

The majority of residents (69%) own their homes as opposed to renting. 

The median property value is $155,100 and the median rental amount is $990.

Niche has given Plainfield the following rankings:

  • #8 of 115 for suburbs with the best public schools
  • #16 of 115 for best suburbs for young professionals
Continue Reading

Where to Invest in Indianapolis: Carmel

By Devon L. Hicks on Nov 24, 2019 10:00:00 AM

Carmel, Indiana is a northern suburb of Indianapolis located in Hamilton County with an estimated population of 98,332.

And, before we go any further, Carmel rhymes with Marvel. Natives get pretty touchy about incorrect pronunciations. 

Carmel has some pretty big claims to fame, being named one of the best places to live in the United States for multiple years, by multiple publications. 

It's known in some circles as the "Beverly Hills of the Midwest."

Continue Reading

The Landlord's Guide to Indianapolis' Seasonal Rental Market

By Jeremy Tallman on Nov 3, 2019 10:00:00 AM

Having rented homes over many, many years, you could say we have a pretty good handle on the Indianapolis rental market. 

It’s our business to understand it, to track it and to plan for it.

And we do.  

If you own or plan to own rental real estate in Indianapolis, it’s critical that you, too, understand one inherent truth about the Indianapolis rental market: Seasonality.

Seasonal meaning there are times of the year when it’s really, really good to rent your home and other times where it can be difficult to rent your home.

We understand that our market isn’t necessarily unique - many, if not most, markets throughout the United States experience the same thing - but it’s important to understand this important reality.  

So, we thought we would spend some time discussing seasonality in the Indianapolis rental market.

Continue Reading

Where to Invest in Indianapolis: Noblesville

By Devon L. Hicks on Oct 27, 2019 10:00:00 AM

Noblesville is a city just north of Indianapolis in Hamilton County and interestingly enough, it was the home to the area's first log cabin dwelling in 1802. 

William Conner and Josiah Polk laid out what is now Downtown Noblesville in 1823, which was designated as the Hamilton County seat in 1824, and incorporated in 1851.

The land was originally purchased from Native Americans.

Continue Reading

Where to Invest in Indianapolis: Avon

By Devon L. Hicks on Oct 6, 2019 10:00:00 AM

First settled in 1830, Avon, Indiana is a town situated in Hendricks County, west of Indianapolis. 

With a current estimated population of 18,343, Avon is the 47th largest city in Indiana. 

The median age is 35.3 and the median household income is $85,433. 

Caucasians make up 84.01% of the population.

Average rental amount is $1,055 and the median home value is $185,200 according to World Population Review. 

According to Niche, it's ranked as one of the best places to live in the entire state. 

It's also ranked #11 out of 115 for best suburbs to raise a family. 

A staggering 81% of residents own their homes compared to only 19% that rent, also reported by Niche. 

Below is some additional information that will hopefully help you determine if Avon is a good place to invest for your goals. 

Continue Reading

Where to Invest in Indianapolis: Greenwood

By Devon L. Hicks on Sep 15, 2019 10:00:00 AM

Greenwood, Indiana, the most populated city in the southern region of the Indianapolis Metropolitan area, is the next stop in our "Where to Invest in Indianapolis" series. 

This Johnson County city was first inhabited by the Delaware Indians, and later followed by European Americans in 1823. 

According to City-Data, the population of Greenwood is 57,375 and the median household income was $56,116 as of 2016. 

The demographic breakdown is as  follows:

  • Caucasian: 86.2%
  • Asian: 5.65%
  • African American: 4.41%
  • Other races: 1.56%

World Population Review estimates the average rental amount to be $903/month and the median home value to be $143,100. 

The median age is 35.5 and the ratio of females to males is 52.4% vs. 47.6%.

The cost of living index in Greenwood is 87.6 compared to the national average of 100. 

The city is a mixture of blue and white collar workers, with a majority of the jobs being in the sales/administrative category.

Continue Reading