Downtown Indy Real Estate

Downtown Indianapolis is the heart of a thriving urban metropolis of the 14th largest city in the United States of America. With a population of nearly 800,000 people, Indy is the the third largest city in the Midwest behind Chicago and Detroit, and has seen consistent moderate growth in population for the past decade. Indianapolis became the state capital of Indiana in 1820, after which the city was planned out by Alexander Ralston. Ralston was an assistant to the great urban planner Pierre L'Enfant, the man who laid out the framework for Washington, D.C. Much of Indianapolis's growth can be traced to the presence of extensive railway connections, the first of which was constructed in 1847 and hosted the first Union Station, or central public railway station, in the nation's history. Its position and importance for regional transport lead to the city adopting the name 'the Crossroads of America.' Over the years Indianapolis has hosted a number of major industries, including an extensive automotive presence, though in recent years the city has branched out into a number of into health care, education and finance. Indy also hosts a great deal of tourism. Indianapolis features four distinct seasons, with an average high temperature of 62 degrees and a low of 42.

The city is made up of six distinct cultural districts, each with a unique character and history. The social hub of the city is Broad Ripple Village, which hosts Butler University as well as a variety of restaurants, bars and comedy venues. Massachusetts Ave is another district, currently undergoing extensive redevelopment centered around locally owned theaters, restaurants and retail opportunities as well as a renovated Athenaeum with several restaurants and galleries as well as the American Cabaret Theater. Southeast of the city center is Fountain Square, which is also undergoing a revival as an ethnic and cultural district. The Wholesale District has grown into one of the most active regions in the city, hosting stadiums, restaurants and the home of the city's symphony. With the reopening of the city's central canal, Canal and White River park has grown into a recreational area while Indiana Avenue became the center of Indianapolis's homegrown art and music scene.

Downtown Indy real estate is extremely varied, with high rise apartments, condos, single family dwellings and historical homes on the market. The average home price is $122,000 dollars and ranges from a low of $50,000 to a peak of over $2 million. Indianapolis has been consistently rated as one of the best cities to live in, with Forbes placing it at 6th for job markets and CNN claiming it as the best city for recent college grads in 2009.

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The city has a huge array of activities and attractions, including professional sports, more than 20 public parks or recreations spaces, extensive galleries and museums and a thriving theater community. Historical attractions vie with modern archetecture to produce one of the most dynamic cities in the country, perfect for people looking to make a life for themselves in a surprisingly cosmopolitan environment.

With so much to offer, it's easy to see why Downtown Indy is one of the hottest tickets in real estate. For those interested in settling down in the area, the Dream Home Company provides the ideal place to start the search for your perfect home.