menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Speedway, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Speedway, IN Housing Market Trends

With a population of 13,695, 5,932 total housing units (homes and apartments), and a median house value of $241,018, 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 50.71% of the town's housing units. Other types of housing that are prevalent in Speedway include large apartment complexes or high rise apartments ( 28.15%), duplexes, homes converted to apartments or other small apartment buildings ( 16.12%), and a few row houses and other attached homes ( 3.80%).

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 52.52% of the town's housing hails from this era. Other housing ages represented in Speedway include homes built between 1970-1999 ( 29.77%) and housing constructed before 1939 ( 10.35%). There's also some housing in Speedway built between 2000 and later ( 7.36%).

Speedway Home Appreciation Rates

In the last 10 years, Speedway has experienced some of the highest home appreciation rates of any community in the nation. Speedway real estate appreciated 135.13% over the last ten years, which is an average annual home appreciation rate of 8.93%, putting Speedway in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Speedway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Speedway appreciation rates have trailed the rest of the nation. In the last twelve months, Speedway's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Speedway were at -0.53%, which equates to an annual appreciation rate of -2.11%.

Relative to Indiana, our data show that Speedway's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$241,018

Speedway, IN Home Prices
> $1,416,000
$1,062,001 - $1,416,000
$708,001 - $1,062,000
$566,001 - $708,000
$424,001 - $566,000
$283,001 - $424,000
$141,001 - $283,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
0.3%
0.3%
0.0%
0.0%
0.3%
0.3%
3.9%
3.9%
35.2%
35.2%
53.0%
53.0%
4.4%
4.4%
2.9%
2.9%
0% 100.0%
% of Homes
High

for Indiana

Average

for nation

Number of Homes And Apartments:

5,932

Speedway Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,644 / per month

Homeownership Rate

Owners
Renters
45.6%
45.6%
54.4%
54.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.3%
8.3%
91.7%
91.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.4%
7.4%
29.8%
29.8%
52.5%
52.5%
10.3%
10.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.7%
50.7%
3.8%
3.8%
16.1%
16.1%
28.1%
28.1%
1.2%
1.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
20.7%
20.7%
36.8%
36.8%
27.4%
27.4%
10.2%
10.2%
2.3%
2.3%
0% 100.0%
% of Homes