Where to Invest in Indianapolis: Noblesville

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.

Noblesville is home to the Ruoff Home Mortgage Center, a notable outdoor music venue that hosts numerous events through the warmer months. 

As of 2017, the population was 61,882 with 86.5% being Caucasian, 4.54% Hispanic, and 3.93% noblesville outlineAfrican-American.

The median age is 33.5 with a median household income of $74,681 which increased 6.27% from 2016 to 2017 according to Data Usa.  

The median home value in Noblesville is $183,700 compared to the national average of $184,700 and the homeownership rate is 69.9%. 

Based on MLS data from the last quarter, the median rent is $1,534 compared 

Niche has ranked Noblesville in the following categories:

  • Best Suburbs for Young Professionals in Indiana: #4 of 115
  • Best Suburbs to Live in Indiana: #7 of 115
  • Best Suburbs to Raise a Family in Indiana: #8 of 115

Noblesville Report

Download Graphic as a PDF

 

Noblesville, Indiana Zip Codes

  • 46038
  • 46060
  • 46061
  • 46062

Noblesville, Indiana Neighborhoods

  • Monterey Village
  • Kingsley
  • West Noblesville
  • Deer Path
  • Evans and Craigs
  • Riverwood
  • Prairie Lakes
  • Waterman Farms
  • Windwood at Morse

Examples of Homes T&H Manages in Noblesville, Indiana

This 3 bed, 2 bath home located in the Windwood at Morse neighborhood leased for $1,300 in just 12 days.

foxglove

This 4 bed, 2 bath home leased in just 14 days at $1,425. 

kingsley 

Noblesville, Indiana Schools

The Noblesville school system has an overall grade of an A-, with specific categories ranked as follows:

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

The district has 10,544 students in grades Pre K-12th and a student-teacher ratio of 21-1. 

It's ranked the 4th best school district in Hamilton County, and 30th out of 291 for best districts in the state. 

Noblesville, Indiana Crime Rates

According to Best Places, the violent crime rate in Noblesville is ranked a 21.9 compared to the national average of 22.7.

The property crime rate is a 27.6 compared to the national average of 35.4. 

These are based on a scale of 1-100 with 1 being low crime and 100 being high crime. 

Conclusion

While it can be an expensive market to penetrate, Noblesville does offer some great investment opportunities. 

With its highly rated schools, high median income, and incredibly low crime rates, it draws a quality tenant pool. 

Many people looking to rent or buy here commute for work to nearby areas like Carmel and Fishers. 

We currently manage around 10 properties in Noblesville and have found it to be an overall good experience with relatively low vacancy rates.

 

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.