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Speed, IN
Speed, IN is a small community of about 290 people, offering affordable living with a median home price of $174,000 and average rents around $950. Residents enjoy low violent crime rates, short average commutes of 25 minutes, and a peaceful rural setting near good schools. The cost of living is well below national averages, and the area features a pleasant climate with 58% sunny days yearly. Speed is an inviting choice for those seeking small-town charm, budget-friendly housing, and a quiet lifestyle.
Speed, Indiana is a close-knit community of about 290 residents, with a median age of 42.1 years and a balanced gender ratio. The population is predominantly White, and the town offers a peaceful small-town atmosphere ideal for families and retirees.
The cost of living in Speed is attractively low, with a median home value of $174,000 and average monthly rent around $950. Residents benefit from an overall cost of living index of 83.2, making it an affordable choice compared to national averages.
Speed boasts a low violent crime rate, with only 110 incidents per 100,000 people, providing a sense of safety for residents. Property crime rates are moderate, but the overall crime index remains below that of many larger communities.
Speed experiences four distinct seasons, with warm summers reaching highs of 87°F and mild winters averaging lows of 24°F. The town enjoys 58% sunny days each year and receives about 44 inches of rainfall annually, offering a pleasant climate for outdoor activities.
Local households in Speed typically earn around $64,200 annually, with a relatively low unemployment rate of 3.5%. Most residents have completed high school, and the area features a modest poverty rate of 11.5%, reflecting a stable and supportive community.
Families in Speed benefit from access to quality public and private schools, including Silver Creek Primary and High School, as well as Sacred Heart Catholic School. The community is also close to higher education institutions such as Indiana University Southeast, just 8 miles away, offering a range of educational opportunities.
Residents of Speed have convenient access to healthcare, including facilities like Clark Memorial Health in nearby Jeffersonville. Health insurance coverage is high at 91.3%, and there are approximately 1.8 physicians per 1,000 people, ensuring essential medical services are readily available.
The housing market in Speed is affordable and stable, with a median home price of $174,000 and a strong owner-occupancy rate of 71.8%. Home values have appreciated by 5.3% over the past year, making it an appealing option for both buyers and renters.
Speed residents are served by the Indiana Bureau of Motor Vehicles, which provides essential services like licensing and vehicle registration. The main office is located in Indianapolis, with convenient access to information and services through their website.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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