Indianapolis, Indiana, is the largest city in Indiana and one of the most exciting places to live in the Midwest, all thanks to its booming economy and plethora of extraordinary neighborhoods. In particular, Downtown Indianapolis or Mile Square, as some people like to call it, is one of the best places to live in Indianapolis and has seen its popularity soar in recent years. Downtown Indy offers easy access to popular attractions, shopping complexes, trendy and upscale dining, and glimmering nightlife.
There are plenty of other good reasons to move to Downtown Indianapolis too. The real estate values in this ever-expanding district are rising fast. However, there are still affordable living options available for people looking to be close to everything, such as apartments and condos in Downtown Indianapolis.
If you want to make your urban living dream a reality, contact the downtown Indianapolis real estate specialists at CENTURY 21 Scheetz today, start searching for Downtown Indianapolis real estate, or read on to discover the top five reasons to look for homes for sale in Downtown Indianapolis, Indiana, now.
5 Reasons to Move to Downtown Indianapolis, Indiana
1. Downtown Indy Attracts Great Businesses
As a rule of thumb, businesses position themselves where it's easy to find employees and a solid market already exists, which is the case with Downtown Indianapolis. Downtown Indy is now seen as a go-to-place for newcomers, due largely to billions of dollars being spent on public infrastructure improvements to support new Downtown developments. So far, local government efforts to better attract and support businesses and residents have worked very well. Downtown Indianapolis is fast becoming a flourishing business haven. It is poised to become the new hotbed for startups in the country due to the ripple effect created by this infrastructural expansion. So if you're new to the city, Downtown Indianapolis is undoubtedly one of the best places to settle today.
2. Downtown Indianapolis Has a Thriving Economy
Downtown Indianapolis has a positively thriving economy right now, primarily because of the investment in the area and several other factors. Indianapolis's booming job market attracts people from all over the country, which has led to a boost in the Downtown area's population and demographics. Unemployment is also low. Statistics show roughly 34 percent of people living in Downtown Indianapolis were born outside of Indiana, so it's safe to say that Downtown Indianapolis is brimming with opportunities for people looking to relocate to Indianapolis.
3. Numerous Entertainment Opportunities
Downtown Indianapolis has been on a positive role for decades now. Therefore, it's only normal to see new and established entertainment spots in downtown Indianapolis. The Downtown district is a hub for food, culture, and nightlife and also hosts major entertainment venues, like the Murat Theatre at Old National Centre. The Theatre has hosted several events and celebrities like Broadway Across America, Mary J. Blige, and John Legend, among others. For restaurants, we love Harry & Izzy's, Vida, Union 50, and the Oakmont, but there are so many good choices!
4. Low Cost of Living
Many people are currently moving to Downtown Indianapolis to enjoy a higher quality of life and lower cost of living than many cities throughout the U.S. The living costs in Downtown Indianapolis are significantly lower than other top cities in the U.S., making it appealing to those looking to save more, younger professionals, retirees, and anyone on a fixed income. A recent study by BestPlaces.net shows that Downtown Indy residents save at least $1,000 a year on rent and utilities compared to their suburban counterparts. That doesn't even take into account the cost of living advantages Indianapolis offers when compared to cities outside of Indiana. Whether you're moving from the suburbs or relocating across the country, Downtown Indianapolis is a great choice!
5. Downtown Indianapolis Real Estate
If you are looking for homes for sale in Indianapolis, your best bet is the Downtown area. The cost of living in Downtown Indianapolis is lower than most nearby suburbs, and renting an apartment in Downtown Indy is $822 lower than the average rent of other areas in Marion County. Plus, with so much happening in Downtown Indianapolis, it's likely your Downtown Indianapolis property will be a good investment. Downtown Indy is currently experiencing an influx in population growth, which is a traditional marker that home prices will go up in the near future. With home prices already on the rise, if you're looking to invest in a home in Downtown Indianapolis now would be a great time to do so.
Indianapolis is a city for the future. It's also one of Indiana's best places to invest in real estate. If you're looking for a great place to live in Indianapolis, we highly recommend considering moving to Downtown Indianapolis. Unsure what's best for you? Our Indianapolis real estate experts at CENTURY 21 Scheetz can help you find the perfect Indiana home for you. Contact us today for more information and personalized advice.