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Where to Invest in Indianapolis: Zionsville

Feb 24, 2020 11:00:00 AM

Just Northwest of Indianapolis lies the quaint, little suburb of Zionsville. 

This affluent community has been around since 1852 and was named for a pioneer by the name of William Zion. Zionsville Outline

Zionsville is probably best known for its historic, downtown area which is lined with cobblestone streets and cute, little shops and restaurants. 

As of 2017, the population was reported to be approximately 26,710.

The median household income is $134,743 according to City Data.

MLS data shows that the average sales price of a home this past year was $476,654 and the average rental amount was $1,826.

Zionsville Report

Zionsville, Indiana Zip Codes

  • 46077

Zionszville Indiana Neighborhoods

  • Abney Glen
  • Blackstone
  • Allen acres
  • Colony Square
  • Cobblestone Lakes
  • Eagles nest
  • Irongate
  • Hillcrest
  • Thornhill
  • Willow Glen

Examples of Homes T&H Manages in Zionsville, Indiana 

We manage around 10 homes in Zionsville currently and they range from super high end, to your average ranch. 

This 4 bed/4.5 bath, 3,221 sq. ft. home was purchased for $370,000 in 2016. We currently have it leased for $2,800. 

castle 1

This 3 bed/2 bath ranch likely makes more sense as an investment property. It was last bought in 2016 for $161,900 and we currently have it leased for $1,555. 

abbey lane

 

Zionzville, Indiana School District

Niche rates the Zionsville Community Schools an overall A+ with category break downs as follows:

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

This top rated district has roughly 6,900 students and a student-teacher ratio of 18 to1. 

It's ranked #1 in the state for districts with the best teachers, 3rd for overall best school districts, and 7th for safest district/ 

Zionsville, Indiana Crime Ratings

As you could likely guess, both violent and property crime rates are very low here. 

Best Places ranks Zionsville at a 5.8 for violent crime and a 9.5 for property crime. 

This scale is 1-100 with 1 being low crime and 100 being high crime. 

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

Conclusion

With the incredibly high value of real estate in Zionsville, it's really not on many investors radars. 

It's definitely not a cash flow area so you'll really have to be in it for the long haul if you want to purchase a rental property here. 

If A class rentals are your forte, then this is definitely an area you should consider. 

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.

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