Everything You Should Know Before Moving to 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.
Demographics - Speed, IN
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.
Population:
290
Density:
190 per sq mi
Median Age:
42.1
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
3.5%
Ethnic Composition
White:
93.2%
Black:
1.6%
Asian:
0.7%
Others:
4.5%
Cost Of Living
What is the average cost of living in Speed, IN?
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.
Median House Value:
$174,000
Gross Rent:
$950
Monthly Electricity Charges:
$130
Auto Insurance:
$1,120
House Owner Cost With Mortgage:
$1,120
House Owner Cost Without Mortgage:
$440
State Taxes:
Low:
3.23%
|
High:
3.23%
Cost Of Living Index:
83.2
Grocery:
89.1
Housing:
67.0
Utilities:
99.8
Transportation:
94.3
Health Care:
92.1
Miscellaneous:
88.5
Crime
Is Speed, IN a safe place to live?
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.
Violent Crimes Per 100k:
110
Property Crimes Per 100k:
1,420
Crime Index:
1,530
Chance Of Violent Crime:
1 in 910
Chance Of Property Crime:
1 in 70
Weather
What is the weather like in Speed, IN year-round?
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.
Winter
Min:
24°F
Max:
41°F
Spring
Min:
45°F
Max:
68°F
Summer
Min:
66°F
Max:
87°F
Fall
Min:
46°F
Max:
70°F
Average Rainfall Inches:
44.1 inches
Sunny Days Percentage:
58%
Neighbors
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.
Median Income:
$34,600
Household Income:
$64,200
Family Income:
$76,300
Per Capita Income:
$29,400
Income Male:
$43,800
Income Female:
$36,200
Poverty Rate:
11.5%
Non English Speakers:
3.5%
Rent:
$950
Unemployment Rate:
3.5%
Public Transport Usage:
0.2%
Commute Time:
24.7 minutes
Education
High School or Higher:
91.8%
Bachelors or More:
18.7%
Education
How are the schools in Speed, IN?
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.
Public Schools
Name:
Silver Creek Primary School
Street:
8604 Commerce Park Dr
Phone:
812-246-7440
Students:
700
Student Teacher Ratio:
17.8
Name:
Silver Creek High School
Street:
557 Renz Ave
Phone:
812-246-3391
Students:
960
Student Teacher Ratio:
17.1
Private Schools
Name:
Sacred Heart Catholic School
Street:
1842 E 8th St, Jeffersonville, IN 47130
Phone:
812-283-3123
Students:
210
Colleges
Name:
Indiana University Southeast
City:
New Albany
State:
IN
Distance:
8 miles
Students:
4,800
Name:
Jefferson Community and Technical College
City:
Louisville
State:
KY
Distance:
12 miles
Students:
11,000
Healthcare
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.
Major Hospitals
Name:
Clark Memorial Health
Address:
1220 Missouri Ave, Jeffersonville, IN 47130
Phone:
(812) 282-6631
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.8
Health Insurance Coverage:
91.3%
Health Care Index:
76.4
Housing Market
What is the housing market like in Speed, IN?
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.
Median Home Price:
$174,000
Average Rent For 2 Bedroom:
$950
Owner Occupied Rate:
71.8%
Rental Vacancy Rate:
7.2%
Home Appreciation Rate (1yr):
5.3%
New Construction Rate:
1.2%
Foreclosure Rate:
0.8%
DMV Information
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.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
100 N. Senate Ave., Indianapolis, IN 46204
Phone:
1-888-692-6841
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.