Indiana / Clark County

Moving to Speed, IN

Thinking of making a move to Speed, IN? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Speed, IN

Considering a move to Speed, IN? This welcoming community of 189 residents offers a blend of suburban charm and convenience, with median home prices around $235,000 and average rents near $1,050. Commute times average 23 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (56% annually), ideal for families and commuters alike. Explore Speed's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Speed, IN

Speed has a population of 189 residents, offering a diverse community with a median age of nearly 39 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 92% White, 3% Black, and 1% Asian residents, and over 4% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
189
Density
1,250 per sq mi
Median Age
38.7
Gender Ratio
98 males per 100 females
Non-English Speakers Percentage
4.2%

Ethnic Composition

White
92.0%
Black
2.5%
Asian
1.0%
Others
4.5%

Cost Of Living

What is the average cost of living in Speed, IN?

The cost of living in Speed is higher than the national average, with a cost of living index of 88.4. Median home values are around $235,000 and average rents for a two-bedroom apartment are approximately $1,050. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$235,000
Gross Rent
$1,050
Monthly Electricity Charges
$145
Auto Insurance
$1,620
House Owner Cost With Mortgage
$1,420
House Owner Cost Without Mortgage
$520
State Taxes
Low: 3.15%| High: 3.15%
Cost Of Living Index
88.4
Grocery
92.1
Housing
76.5
Utilities
102.8
Transportation
93.6
Health Care
95.4
Miscellaneous
89.7

Crime

Is Speed, IN a safe place to live?

Speed is considered a safe community, with a low violent crime rate of 210 incidents per 100,000 residents and a property crime chance of 1 in 70. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Indiana.

Violent Crimes Per 100k
210
Property Crimes Per 100k
1,420
Crime Index
1,630
Chance Of Violent Crime
1 in 476
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 cold winters dipping to 22°F. The area receives about 45 inches of rainfall annually and enjoys sunshine on 56% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
22°F
Max
39°F

Summer

Min
67°F
Max
87°F

Spring

Min
43°F
Max
68°F

Fall

Min
46°F
Max
70°F
Average Rainfall Inches
44.5 inches
Sunny Days Percentage
56%

Neighbors

The neighborhood boasts a healthy median household income of $63,000 and a low poverty rate of 11.8%. Over 89% of residents have at least a high school diploma, and nearly 19% hold a bachelor's degree or higher. Commute times average 23 minutes, and almost 1% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$41,500
Household Income
$63,000
Family Income
$74,000
Per Capita Income
$28,500
Income Male
$45,000
Income Female
$36,500
Poverty Rate
11.8%
Non English Speakers
3.8%
Rent
$1,050
Unemployment Rate
4.1%
Public Transport Usage
1.1%
Commute Time
23.4 minutes

Education

High School or Higher
89.4%
Bachelors or More
18.6%

Education

How are the schools in Speed, IN?

Speed offers quality education options, with public schools like M.S.D. of North Lawrence Community School and Shawswick Middle School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Indiana University Southeast and Ivy Tech Community College Southern Indiana. The community is committed to educational excellence for all age groups.

Public Schools

Name
M.S.D. of North Lawrence Community School
Street
825 State St
Phone
(812) 967-3926
Students
1,350
Student Teacher Ratio
16.1
Name
Shawswick Middle School
Street
75 W Main St
Phone
(812) 275-4501
Students
520
Student Teacher Ratio
15.4

Private Schools

Name
Trinity Lutheran School
Street
1000 10th St
Phone
(812) 275-3763
Students
180

Colleges

Name
Indiana University Southeast
City
New Albany
State
IN
Distance
18 miles
Students
5,000
Name
Ivy Tech Community College Southern Indiana
City
New Albany
State
IN
Distance
19 miles
Students
7,500

Healthcare

Speed residents have access to quality healthcare, with major hospitals like Methodist Hospital and Riley Hospital for Children at IU Health nearby. The community benefits from a high physician-to-resident ratio of 2.2 per 1,000 people and 91.0% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Methodist Hospital
Address
1701 N Senate Blvd, Indianapolis, IN 46202
Phone
(317) 962-2000
Type
General & Surgical
Emergency Services
Yes
Name
Riley Hospital for Children at IU Health
Address
705 Riley Hospital Dr, Indianapolis, IN 46202
Phone
(317) 944-5000
Type
Pediatric & Specialty
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.2
Health Insurance Coverage
91.0%
Health Care Index
71.8

Housing Market

What is the housing market like in Speed, IN?

The local housing market is strong, with a median home price of $235,000 and an owner-occupied rate of nearly 75%. The market has seen a 4.2% appreciation over the past year, and rental vacancy rates remain moderate at 7.1%. Speed offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$235,000
Average Rent For 2 Bedroom
$1,050
Owner Occupied Rate
74.6%
Rental Vacancy Rate
7.1%
Home Appreciation Rate (1yr)
4.2%
New Construction Rate
1.0%
Foreclosure Rate
0.8%

DMV Information

Residents of Speed handle vehicle services through the Indiana Bureau of Motor Vehicles, conveniently located in Indianapolis. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Indiana
Department
Indiana Bureau of Motor Vehicles
Address
100 N Senate Ave, Indianapolis, IN 46204
Phone
(888) 692-6841

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.

FAQs About Moving to Speed, IN

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Speed, review the core fields on this page: population 189, median home value $235,000, average rent for 2 bedroom $1,050, commute time 23.4 minutes, and sunny days percentage 56%.

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