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Preforeclosure Homes in Speedway, IN

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Living in Speedway, IN

Speedway, IN, offers a welcoming community with a blend of suburban charm and urban convenience. Located near the famous Indianapolis Motor Speedway, it provides residents with easy access to local amenities, parks, and the vibrant culture of nearby Indianapolis. Ideal for families and individuals, Speedway is known for its active lifestyle and community spirit.

Current Market Conditions in Speedway, IN

The real estate market in Speedway, IN remains active, with a mix of charming pre-war homes and newer developments. The area's proximity to Indianapolis and its appeal to families and young professionals contribute to steady demand.

Current home prices show a gradual increase due to the growing popularity of the area and competitive interest rates. The market is characterized by relatively low inventory, which often leads to multiple offers on desirable properties.

Home Value Estimator For Speedway, IN

There are currently 2,846 real estate properties in Speedway, IN, with a median automated valuation model (AVM) price of $247,290.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Speedway, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Speedway, IN, is $244,857.00, with the most expensive house in Speedway, IN, topping out at $924,200.00 and the cheapest home in Speedway, IN, clocking in at $55,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Speedway, IN!

Rent Prices In Speedway, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Speedway, IN, is on a rollercoaster ride. The average rent price in Speedway, IN, is $1,151.00. Indeed, when looking to rent in Speedway, IN, you can expect to pay as little as $520.00 or as much as $2,020.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Speedway, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Speedway, IN Preforeclosure Homes


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