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Real Estate Prices & Overview

Irvington South median real estate price is $197,847, which is more expensive than 48.1% of the neighborhoods in Indiana and 25.7% of the neighborhoods in the U.S.

The average rental price in Irvington South is currently $1,526, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.5% of Indiana neighborhoods.

Irvington South is a suburban neighborhood (based on population density) located in Indianapolis, Indiana.

Irvington South real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Irvington South 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.

Irvington South has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the Irvington South neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, irvington South is ranked among the top 7.9% of neighborhoods for first-time home buyers to consider in the state of Indiana according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Irvington South neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Irvington South neighborhood in Indianapolis are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.3% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Irvington South neighborhood, 33.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.0%), and 14.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Irvington South neighborhood is English, spoken by 96.1% of households. Some people also speak Spanish (2.7%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Irvington South neighborhood in Indianapolis, IN, residents most commonly identify their ethnicity or ancestry as English (15.1%). There are also a number of people of German ancestry (11.3%), and residents who report Mexican roots (7.6%), and some of the residents are also of Irish ancestry (5.7%), along with some Scottish ancestry residents (2.3%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Irvington South neighborhood spend between 15 and 30 minutes commuting one-way to work (55.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.6%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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