Where to Invest in Indianapolis: Perry Township

Jun 30, 2019 10:00:00 AM

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 Perry outlinepopulation 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.

Perry Township Profile Report
Download Graphic

 

Perry Township Zip Codes

  • 46107
  • 46217
  • 46221
  • 46227
  • 46237
  • 46247
  • 46295

Perry Township Neighborhoods 

  • Edgewood
  • Glenn’s Valley
  • Hill Valley
  • Linden Wood
  • North Perry
  • South Emerson
  • South Perry
  • Southdale
  • Southern Dunes
  • Sunshine Gardens
  • University Heights
  • West Newton
  • Homecroft
  • Southport
  • Elders

Examples of Homes T&H Manages in Perry Township

This 3 bed/1.5 renovated ranch in the Elders neighborhood was purchased by one of our clients for $107,000 and we currently have it leased for $1,050/month. 

We fully marketed the home on April 24th, 2019 and had a signed lease by May 5th, 2019.

hardegan 1

This 3 bed/2 bath ranch is located in the Southern Dunes neighborhood and we currently have it leased at $1,100/month and it was purchased for $105,900. 

We fully marketed this home on May 2nd, 2019 and had a signed lease by May 10th, 2019. 

parklake

Perry Township Schools

Niche gives Perry Township schools an overall grade of B+. With a student population between PK-12 of 16,195, the student-teacher ratio is 20-1 and they spend an estimated $11,553 per student compared to the national average of $12,239.

It’s ranked 67 out of 291 for best schools in the state and 3rd for most diverse. 

Perry Township Crime Rates

According to BestPlaces, the violent crime rate in Perry Township is 37 on a scale from 1 (low crime) to 100 (high crime) and the property crime is ranked at a 70.1.

Conclusion

While Perry Township may appear to be a little rough around the edges, you can find some great deals. 

One huge perk is that the University of Indianapolis has very little student housing, so many are forced to find single family homes to rent in the surrounding areas. 

With fairly high property crime rates and lower income individuals, there is obviously some inherent risk but you actually have the opportunity to find cash flowing investments and decently low vacancy which cannot be said for all areas of Indianapolis. 

 

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