Safe, Affordable Neighborhoods in Indianapolis

Home of the Indy 500 and the 2007 Super Bowl champion Colts, Indianapolis is a charming Midwestern city with a heart as big as its expansive city limits. Given its relatively low cost of living, it’s no surprise that Indianapolis is a popular place to settle down. It’s even one of the fastest-growing cities in the Midwest.

So what are the best places to live in Indianapolis? Here are five of the safest, most affordable neighborhoods in the Indianapolis metro area.

Beech Grove

Home Price: $94,300 median purchase price; $726 median monthly rent
Crime Rate: Safer than 42% of cities in the U.S.

This quiet Indianapolis suburb has only 14,000 residents, but it boasts a long history that reaches all the way back to the days when railroads crossed the Midwest. To this day, the community hosts Beech Grove Shops, Amtrak’s primary maintenance facility.

Green spaces like Hartman Park and Sarah T. Bolton park scatter the area, making for pleasant walks and recreational activities. In addition to city parks, Beech Grove is home of Greatimes Family Fun Park, a five-acre complex featuring arcade rooms, party rooms, and a giant indoor playhouse. The neighborhood also has its own bowling alley and Little League baseball team.

Clermont

Home Price: $117,800 median purchase price; $1,039 median monthly rent
Crime Rate: Safer than 74% of cities in the U.S.

Nestled on the bank of Eagle Creek Reservoir, Clermont is a little less than ten miles from Downtown Indianapolis. The reservoir itself is the main draw for most residents, as it sits at the center of one of the largest city-owned parks in the United States and features outstanding fishing and boating. Clermont also boasts excellent educational opportunities with Ben Davis High School.

To the west of Clermont is the famous Lucas Oil Raceway, home to hundreds of motorsport activities each year. To the east is The Country Club of Indianapolis. Racing fans will appreciate that Clermont borders the town of Speedway (“The Racing Capital of the World”), so Indianapolis Motor Speedway is a short drive away.

Homecroft

Home Price: $142,800 median purchase price; $1,354 median monthly rent
Crime Rate: Safer than 41% of cities in the U.S.

Homecroft is a charming community just outside one of South Indianapolis’ fastest-growing commercial centers. With great schools like Homecroft Elementary School and Southport High School, the neighborhood puts a high value on education. There are also dozens of tailgating opportunities in the fall for local residents at Southport Stadium, home of the Southport Cardinals.

Affordable home prices and a strong median income means that 94% of residents are homeowners. Pair that with convenient access to downtown and great nearby shopping, and it’s difficult to find a better suburb in Indianapolis than Homecroft.

Meridian Hills

Home Price: $439,400 median purchase price; $1,750 median monthly rent
Crime Rate: Safer than 91% of cities in the U.S.

Located just a few miles north of Downtown Indianapolis, Meridian Hills is a beautiful bedroom community with close proximity to the big city—and none of the downsides. Meridian Hills is actually its own tiny town with the authority to appoint police officers and govern itself to some degree.

With its own country club and access to outstanding best schools, Meridian Hills has long been a favorite spot for families and retirees alike. In fact, Niche.com rates it as the single best place to retire in the State of Indiana. For a premier neighborhood, the home prices are surprisingly reasonable, and the safety and amenities can’t be beat.

Southport

Home Price: $115,400 median purchase price; $895 median monthly rent
Crime Rate: Safer than 66% of cities in U.S.

Just outside the Indianapolis ring road in a heavily-wooded area with little lakes is the suburban community of Southport. This Indianapolis neighborhood boasts excellent schools with the highly-rated Mary Bryan Elementary School and nearby Southport High School.

Residents enjoy golfing at the silver-rated Smock Golf Course or getting in a little retail therapy at the Greenwood Park Mall. Near the mall are a host of great dining options and the popular Cinemark Movies 8 at Greenwood Corners.

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Data from AreaVibes

Safe, Affordable Neighborhoods in Indianapolis