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Speedway, IN
Considering a move to Speedway, IN? This vibrant town of 13,146 residents offers affordable living, with median home prices around $176,000 and average rents near $970. Commutes are easy, averaging just 23 minutes, and local schools receive solid ratings. Crime rates are moderate for the region, and residents enjoy four distinct seasons with plenty of sunny days. Speedway is famous for the Indianapolis Motor Speedway, providing a unique local flair alongside accessible healthcare and convenient amenities.
Speedway, Indiana is a diverse town of about 13,000 residents, with a median age of 37 and a population density that supports a close-knit community feel. The town features a blend of ethnic backgrounds, where 67% are White, almost 20% are Black, and over 10% speak a language other than English at home. This diversity adds to the welcoming and vibrant character of the area.
Speedway offers an affordable cost of living, with a median home value of $176,000 and average rents around $970 per month. Overall expenses, including groceries and healthcare, are below the national average, making it a budget-friendly choice for families and individuals alike. State taxes remain modest, supporting a lower overall cost index.
Crime rates in Speedway are moderate, with about 408 violent crimes and 2,310 property crimes per 100,000 residents annually. The chance of experiencing a violent crime is roughly 1 in 245, while property crime risk is about 1 in 43. While these figures align with regional averages, residents benefit from active community safety initiatives.
Residents in Speedway experience all four seasons, with warm summers reaching up to 85°F and winters dipping to the low 20s. The town enjoys about 54% sunny days each year and receives around 41 inches of rainfall, providing a balanced climate for outdoor activities year-round. Seasonal changes offer a classic Midwest weather experience.
Households in Speedway typically earn a median income of $53,200, and the area maintains an unemployment rate below 5%. Commutes are manageable, averaging just under 23 minutes, and the poverty rate stands at 13.2%. The community values education, with nearly 90% holding at least a high school diploma.
Local education options include well-rated public schools like Speedway Senior High, with a favorable student-to-teacher ratio, and private institutions such as St. Christopher School. Higher education is within easy reach, with Marian University and IUPUI located just a short drive away in Indianapolis. This proximity ensures a range of opportunities for students of all ages.
Speedway residents have access to excellent healthcare, with major hospitals like IU Health West and Eskenazi Health nearby. With 2.1 physicians per 1,000 residents and over 90% health insurance coverage, the town offers solid medical services for families and individuals. Emergency care and specialty services are easily accessible in the area.
The local housing market is attractive, featuring a median home price of $176,000 and a home ownership rate of over 55%. Average rent for a two-bedroom apartment is $970, and the area enjoys a healthy 6.4% annual home appreciation rate. Vacancy and foreclosure rates remain low, reflecting a stable market for buyers and renters.
Speedway residents are served by the Indiana Bureau of Motor Vehicles, conveniently located in nearby Indianapolis. Services for vehicle registration, licenses, and other needs are accessible both in person and online. The BMV provides helpful resources and straightforward processes for new and established residents alike.
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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