E 16th St / N Emerson Ave median real estate price is $97,420, which is less expensive than 66.9% of Indiana neighborhoods and 83.0% of all U.S. neighborhoods.
The average rental price in E 16th St / N Emerson Ave is currently $731, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.8% of Indiana neighborhoods.
E 16th St / N Emerson Ave is an urban neighborhood (based on population density) located in Indianapolis, Indiana.
E 16th St / N Emerson Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the E 16th St / N Emerson Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in E 16th St / N Emerson Ave. The current real estate vacancy rate here is 17.8%. This is higher than the rate of vacancies in 81.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.