Speedway, IN


Highest Appreciating Speedway Neighborhoods Since 2000

Speedway, IN Real Estate Data

Speedway Housing Market Information

With 12,127 people, 5,783 houses or apartments, and a median cost of homes of $139,130, house prices in Speedway are solidly below the national average.

Single-family detached homes are the single most common housing type in Speedway, accounting for 46.85% of the town's housing units. Other types of housing that are prevalent in Speedway include large apartment complexes or high rise apartments ( 34.60%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few row houses and other attached homes ( 4.36%).

People in Speedway primarily live in small (one, two or no bedroom) single-family detached homes. Speedway has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Speedway's housing was primarily built during this period, from the '40s through the '60s. A full 58.34% of the town's housing hails from this era. Other housing ages represented in Speedway include homes built between 1970-1999 ( 27.47%) and housing constructed before 1939 ( 9.98%). There's also some housing in Speedway built between 2000 and later ( 4.21%).

Vacant housing appears to be an issue in Speedway. Fully 13.38% of the housing stock is classified as vacant. Left unchecked, vacant Speedway homes and apartments can be a drag on the real estate market, holding Speedway real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Speedway Home Appreciation Rates

Appreciation rates for homes in Speedway have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.02%, which ranks in the top 50% nationwide. This equates to an annual average Speedway house appreciation rate of 0.59%.

NeighborhoodScout's data show that during the latest twelve months, Speedway's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Speedway's appreciation rate has been 1.66%, which annualizes to a rate of 6.79%.

Relative to Indiana, our data show that Speedway's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

Average Home Values


Median Home Value:


Value Range
> $1,179,000 0.0
$884,001 - $1,179,000 0.0
$590,001 - $884,000 0.0
$472,001 - $590,000 0.0
$354,001 - $472,000 0.1
$236,001 - $354,000 3.7
$118,001 - $236,000 67.0
$59,001 - $118,000 22.6
$0 - $59,000 6.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
56.1456930374188 36.4253393665158

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$846 / per month

Homeownership Rate

Owners 44.44
Renters 55.56
Vacant 13.38

Housing Market Details


Age of Homes

2000 or Newer 4.2
1970 - 1999 27.5
1940 - 1969 58.3
1939 or Older 10.0

Types of Homes

Single-Family 46.9
Townhomes 4.4
Small Apt. Buildings 12.7
Apt. Complexes 34.6
Mobile Homes 1.3
Other 0.1

Home Size

No Bedroom 3.06
1 Bedroom 17.80
2 Bedrooms 43.30
3 Bedrooms 27.67
4 Bedrooms 7.55
5 or more bedrooms 0.63

Speedway Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
13.87% 0.77% 3 1
* 10 is highest