Thoughts on Indianapolis Long Term?

[Anthony Weisman]

Hello all, 

I’m originally from Indianapolis (have lived out of state for ~20 years now) and was hoping to get peoples thoughts on Indianapolis as a long term buy and hold market. It seems like a lot has changed for the better in the last few years. Indianapolis seems to have quite a diverse job market and remains relatively affordable compared to a lot of the rest of the country. I suspect that Indy has good long term prospects as people may begin to look for more affordable options. What are everybody’s thoughts? What are the best areas in Indy to be buying up property? 

[Joshua Matthews]

I left Indianapolis about five years ago for the bright promises of the East Coast. When I came back I was SHOCKED at the nooks and crannies that have been resurrected in this City. As I have observed and experienced, it's the underlying politics and economics of this city that make the current positioning and future trajectory of Indianapolis so strong

Indianapolis is showing 40% better GDP over the last decade; remarkably low unemployment; surge in tech; and our median household income (+21%) is improving at nearly double national average rate (+12%).

There has been $15B come into this city over the last five years. Rehabs, new construction, and improvements have been made across sectors:

1) Mayor Joe Hogsett announced in January $80M to Indianapolis parks. And $190M in facility upgrades
2) In Downtown the Mass Ave district has been revamped and would probably be unrecognizable to you today: converted Coca-Cola bottling plant to a beautiful Art Deco hotel, movie theatre, food hall, fine dining...that's just one block
3) IU Health (near Northside) announced in January a $4.3B expansion, making it the largest of its kind in the United States history
4) Elanco - a subset of pharmaceutical giant, Eli Lilly (also HQ here) - broke ground last summer on their project, which will employ 100k people, valued at $160M.

Indianapolis is no longer the sleepy "Nap Town" that you remember from the 90's. 

I can DM you and give you the WHOLE schpeal haha. It's a lot. We're at the front end of a very steep trajectory.