$248,743Average Value$147Average Price per Sq Ft27Homes For Sale
Home of Marion County Fair and many new residents
Though its name connotes a busy intersection, Five Points is where the country meets the suburbs in southeast Indianapolis. Named for the triangular meeting point of Troy Avenue, Southeastern Avenue and Five Points Road, the rapidly growing neighborhood of suburban subdivisions is still home to a handful of farm fields and the Marion County Fairgrounds. Nearly 90% of the homes in Five Points were built after 2000. “This is an area for those who want to hide in the middle of suburbia,” says Susan Forrest, Realtor with United Real Estate Indianapolis.
Five Points is a great place to put down roots in a wholesome, thriving community.
Five Points is home to the Marion County Fairgrounds, hosting a yearly fair.
1/2
Suburban streetscapes carved from former farmland
Houses in Five Points reflect three stages of the neighborhood’s development. A handful of Craftsman and bungalow-style houses from the 1910s near the Five Points intersection reflect the first wave. Development continued with subdivisions of midcentury ranch-style homes, and then boomed in the 2010s with subdivisions primarily consisting of two-story Traditional houses with attached garages. Quarter-acre and half-acre lots are typical. “The area has become quite popular, and one can buy a bigger home than in other areas of the city,” Forrest says. “In the last five-plus years, there has been a huge boom in new construction.” Prices in the neighborhood range between $190,000 and $350,000.
Homes perfect for home buyers of any life stage can be found in Five Points.
Homes that can satisfy even the most selective buyer are available throughout Five Points.
1/2
Franklin Township schools, plus Nativity Catholic
Franklin Township Community School Corporation, which serves Five Points, earns an A-minus rating on Niche. Students attend four different schools, beginning with B-plus-rated Thompson Crossing Elementary from kindergarten through third grade. They move on to B-plus-rated Edgewood Intermediate, B-rated Franklin Central Junior High, and A-minus-rated Franklin Central High School. Franklin Central High is the No. 6-ranked public high school in Marion County. Friday night football is a big deal at Franklin Central — there’s enough room for 3,500 fans on the home sideline alone. Nativity Catholic School, located next to Nativity Catholic Church, serves kindergarten through eighth grade and is the only school within Five Points.
Thompson Crossing Elementary School building in Galludet.
Franklin Central Junior High School is a public school in Indianapolis.
1/2
At the southeast junction of I-74 and I-465
Five Points is a car-dependent neighborhood, but one that is conveniently located at the junction of Interstates 74 and 465. Downtown Indianapolis is 7 miles to the northwest, and Indianapolis International Airport is about 20 miles to the west — typically a 20- to 30-minute drive on I-465. Cincinnati is about 100 miles southeast of Five Points on I-74.
Five Points, near the highway, provides easy access to all of Indianapolis.
New traditional homes filled with new traditional homes are found in Five Points.
1/2
Indy Island Aquatic Center close by
Wildwood Park features a picnic shelter, playground, splash pad and ample green space. On the neighborhood's north end, Hanover North Park has a walking path, playground, and picnic shelter. Brandenburg Park, a small corner park with a playground, is also in the neighborhood. Kids can learn to swim in a heated indoor pool at the nearby Indy Island Aquatic Center, which has a lap pool and a 15-foot slide above the water.
Indy Island Aquatic Center is the place to go for fun in the water in Five Points.
Thompson Park’s nine acres of greenspace includes a basketball court in Popular Grove.
1/2
Popular pizza, plus burgers fit for Chewbacca
Xtrordinary Pizza isn’t just popular in the neighborhood — patrons also come to the pizzeria from Indy’s west side and points beyond. Brewskies Pub and Eatery features unique fare like the Chewbacca Burger — a beef patty covered in cheddar and mozzarella cheese, then wedged between two grilled cheese sandwiches rather than buns. One More Lounge, a hole-in-the-wall bar popular with bikers, has an outdoor stage with live music on weekends. For groceries, there are two Kroger locations within 5 miles of the neighborhood.
Brewskie's has fresh food, cold beer, and great conversation with friends.
Xtrordinary Pizza slings fresh pies every day, and is popular with Five Points Residents.
Generations Grill in Five Points has a great atmosphere to eat and watch sports.
1/3
Marion County Fair, Circle City Raceway get motors running
The Marion County Fair, held annually in late June and early July for more than 90 years, is the biggest event in Five Points. The fair celebrates Marion County’s agricultural heritage with livestock barns, while also featuring a carnival midway and performances by the likes of Twiggy the Water-Skiing Squirrel. The fairgrounds remain busy from April through October with weekly races at Circle City Raceway. The quarter-mile dirt track has a full stock car schedule, racing on Friday nights and a handful of Saturdays throughout the season. Houses closest to the Raceway are likely to hear the roar of racecar engines and cheers of fans on race nights.
The Marion County Fairgrounds plays host to summertime tradition, the Marion County Fair.
Head down to the Circle City Raceway on Fridays to catch local races in Five Points.
1/2
Crime score meets national average
Five Points earns a 4/10 crime score on the CAP Index, which is equivalent to the national average.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Amber Wilson,
an experienced agent in this neighborhood.
Parks in this Area
Don Challis Park
Thompson Park
Wildwood Park
Indianapolis World Sports Park
Basketball
Pool
Soccer
Raymond Park
Baseball/Softball
Basketball
Pool
Wolf Run Park
Basketball
Picnic Area
Playground
Transit
Airport
Indianapolis International
37 min drive
Five Points Demographics and Home Trends
On average, homes in Five Points, Indianapolis sell after 37 days on the market compared to the national average of 52 days. The median sale price for homes in Five Points, Indianapolis over the last 12 months is $265,500, up 5% from the median home sale price over the previous 12 months.
Welcome to this beautifully updated 3-bedroom, 1-bath home nestled on a generous, tree-shaded lot. Featuring a fully fenced backyard, mature landscaping, and no HOA restrictions, this property offers both privacy and freedom to make it your own. Step inside to discover a freshly renovated interior with modern touches throughout. The kitchen is a standout-completely remodeled with brand-new
Welcome to 8125 Whistlewood Drive-a move-in ready gem in the heart of Franklin Township! Built in 2016, this 3-bedroom, 2.5-bath home offers the perfect blend of modern updates and everyday comfort. Step inside to find a bright and open floor plan that flows effortlessly from the spacious living room to the eat-in kitchen, making it ideal for both entertaining and relaxing. Upstairs, you'll find
Welcome to this beautifully maintained Cape Cod-style home in a prime location, blending timeless character with modern upgrades. Completely remodeled in 2019, this move-in ready property features all new energy-efficient windows, a new roof, and custom blinds, offering peace of mind for years to come. Inside, the freshly painted living and dining rooms (2023) create a bright, welcoming space for
Great 3BR, 2 full bath ranch home that is centrally located and in pristine condition, ready to move in! All appliances are included. The kitchen and family room are spacious. The Master bedroom has a shower/garden tub combo, a walk-in closet + ceiling fan. Nice backyard and convenient to interstate, dining, hospitals, park, and playground. More pictures coming soon
We are currently making final preparations for this home to be available. We make Pre-Leasing easy! Apply now and, once you’re approved, take this home off the market by paying a Pre-Lease Hold Fee; ask your Leasing Professional for more information. Once the home is made ready, we'll notify you that it's available for touring and for you to accept or decline. If you decline the home, we'll be
Interested in learning more about homes in this area?
Reach out to
Amber Wilson,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
6,308
Median Age
32
Population Density
4 ppl/acre
Population under 18
33.6%
Above the national average
23.8%
Population over 65
9.1%
Below the national average
19.1%
Finances
Median Household Income
$80,811
Above the national average
$71,702
Average Household Income
$87,911
Education and Workforce
High School Graduates
88.5%
College Graduates
30.2%
Advanced Degrees
9.1%
On par with the national average
13.3%
% Population in Labor Force
72.8%
Above the national average
65.1%
Weather
Annual Precipitation
44''
Average Winter Low Temperature
18°F
Average Summer High Temperature
84°F
Annual Snowfall
12''
Area Factors
Somewhat Bikeable
Bike Score®
37/ 100
Car-Dependent
Walk Score®
18/ 100
Minimal Transit
Transit Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
