Where to Invest in Indianapolis: Beech Grove

Feb 3, 2020 11:00:00 AM

Located within the Indianapolis Metropolitan area near the University of Indianapolis, is Beech Grove. 

This city was incorporated in 1906, and was founded as a company town for a Beech Grove Outlinerailroad repair facility. 

With a total area of 4.39 square miles, this city is small, but offers Investors some great deals. 

As of 2017, the population is estimated to be 14,795. 

According to MLS data, of the 232 homes that were sold in the last year, the median sale price was $125,000. 

Of the 29 homes leased in the last year, the median rental amount was $985.

54% of residents own their homes compared to 46% who rent. 

According to Census.gov, the median household income was $40,741 as of 2018.

Neighborhood Scout reports that most occupations here are sales and office related.

Beech Grove ReportDownload as a PDF!

Beech Grove, Indiana Zip Codes

  • 46107
  • 46203
  • 46237

Beech Grove, Indiana Neighborhoods

  • Park Grove
  • South Eastwood
  • South Grove
  • Carrington Village
  • Beechwood Hill

Examples of Homes T&H Manages in Beech Grove, Indiana

This little 3 bed/2 bath 1,254 sq. ft. house was purchased by one of our clients in 2018 for $80,000, and we leased it for $950.  

57 S 5th Ave.

This second Beech Grove home that we manage, was purchased in 2018 for $85,000 and is currently leased for $1,000/month. 

It's a 3 bed/2 bath and is 1,025 sq. ft. 

349 N 14th Ave

Beech Grove, Indiana School System

According to Niche, Beech Grove city schools are overall ranked a B- with category break downs as follows:

  • Academics: C+
  • Teachers: A-
  • Clubs and Activities: A-
  • Diversity: B+
  • College Prep: B
  • Health and Safety: B

There are approximately 2,188 students in the district with a student;teacher ratio f 13:1.

Beech Grove, Indiana Crime Rates

According to Best Places, violent crime is ranked a 12.2 out of 100 and property crime is ranked a 35.4 out of 100. 

The national average for violent crime is 22.7 and 35.4 for property crime. 

This is ranked on a scale where 1 is low crime and 100 is high crime. 

Conclusion

As the market in Indianapolis continues to tighten and the competition increases, investors are not seeing the returns they were 5-10 years ago. 

As we have been helping investors purchase rental properties, Beech Grove has become a go-to location. 

This is one of the few places where we are still able to find cash flow and decent returns, without sacrificing too much in tenant quality and overall risk.

While there certainly are some dicey areas within Beech Grove, overall it's a solid rental area that tends to lease well. 

 

Click here for more info on where  to invest in Indianapolis!

 

 

Devon L. Hicks

Written by Devon L. Hicks

As well as being a licensed Realtor, Devon has her Bachelors in Marketing from Missouri State University and utilizes her skills in a variety of ways to educate and advise real estate investors in the Central Indiana region.