$198,209Average Value$140Average Price per Sq Ft4Homes For Sale
A neighborhood that reimagined its identity
International Marketplace is a product of Indianapolis innovation. Formerly known as Lafayette Square, the neighborhood rose to prominence with the development of Lafayette Square Mall in the 1960s. But by the early 2000s, the mall was dying, and neighborhood property values were declining. The mall’s reinvention into a center of commerce representing more than 100 world cultures has transformed the neighborhood’s identity. “If you drive through International Marketplace, it doesn't look like much,” says Mary Clark, executive director of the International Marketplace Coalition. “But if you get out of your car and go into the businesses and interact with the community, it’s like traveling the world without leaving Indianapolis.”
A world of shopping and dining options gives International Marketplace its flavor
The transition from Lafayette Square to International Marketplace began organically. Over the years, waves of migrants came from around the world, opening mom-and-pop shops and turning the area into a global melting pot. Today, more than 100 languages are spoken in this 2.5-square-mile area. The amalgam of cultures fosters a richly diverse community, wealth of commerce and extensive dining options — more than 120 global restaurants and 40 grocery stores in all. “Whatever you want, it’s in this area,” Clark says. “On one block, you can experience Ethiopian, Mexican and Greek, and down the street, you might get some Nigerian, Chinese, or Indian.” In addition, Aldi, Meijer and Walmart Supercenter are in the neighborhood.
Taste of Yemen is a popular spot for dinner or lunch in International Marketplace.
Garaya is an African Market on Lafayette Rd in International Marketplace.
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Pike Township Schools serve neighborhood
Most kids in International Marketplace attend schools within the Metropolitan School District of Pike Township, which serves over 400 international students from 41 countries and has an A grade for diversity from Niche. Deer Run Elementary School serves kindergarten through fifth grade and feeds Guion Creek Middle School for sixth through eighth grade. Both schools have C-ratings. Pike High School has a B-plus rating and is No. 10 in Niche’s Standout High Schools in Indiana. Some students in the southern part of the neighborhood are in the Indianapolis Public Schools District, which lets parents choose among between 12 and 15 zoned programs and schools.
Pike High School in International Marketplace has a massive swimming complex and NJROTC classes.
Deer Run Elementary School has an overall grade of C on Niche.
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Indy's Global Village a neighborhood attraction
Opened in 2021, Indy’s Global Village is a 46,000-square foot museum and welcome center representing the city's many cultures. “We needed to create a place that celebrates everybody,” Clark says. “And now we have a museum and retail hub representing over 160 countries.” Global Village hosts the neighborhood’s signature event, Taste the Difference Festival, with music, performances and food from a variety of cultures. “The festival and community help others realize that we are different, but we have more in common than our differences,” Clark says.
The Global Village Welcome Center in International Marketplace hosts frequent events.
Indy's Global Village in International Marketplace is curated by the donations it receives.
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The beauty of Eagle Creek Park is nearby
The OrthoIndy Foundation YMCA, built in 2018, exemplifies the coalition’s advocacy for community improvement. The organization was also instrumental in relocating the Indianapolis Public Library Eagle Branch to the neighborhood in 2019. Nearby Eagle Creek Park, one of the nation’s largest city parks, boasts a marina, beach, miles of hiking trails, wildlife discovery centers and several playgrounds. The neighborhood also includes Skateland, a roller skating rink with an arcade, and the Alamo Drafthouse Cinema Indianapolis.
Get that work out accomplished at OrthoIndy YMCA in International Marketplace.
Eagle Creek Park has lots to see and do a short drive from International Marketplace.
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Homes sell for less than the Indianapolis median
The median home price in International Marketplace is around $130,000 below the average for the Indianapolis area. Ranch-style homes are predominant, although split-levels, Colonial Revivals and condos are also in the mix. Recent sales of single-family homes range between $130,000 and $310,000, with some homeowners paying monthly HOA fees. Condo prices range from $100,000 to $200,000, with monthly fees typically between $155 and $235. Though retailers on busy Lafayette Road are the heart of the neighborhood, houses are set off in subdivisions with winding streets.
A split level on Petersburg Parkway in International Marketplace.
Large driveways can be found at many homes in the International Marketplace neighborhood.
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Conveniently located at junction of I-65 and I-465
International Marketplace is about 8 miles northwest of Downtown Indianapolis near the junction of interstates 65 and 465. Chicago is roughly three hours northwest on 65. Neighborhood residents have a 13-mile straight shot south to Indianapolis International Airport on 465. International Marketplace is also 5 miles north of Indianapolis Motor Speedway, which hosts more than 300,000 spectators for the Indianapolis 500 each May. The neighborhood is car-dependent, but the IndyGo 38 bus has stops on 38th Street and North High School Road.
The IndyGo bus is International Marketplace's only form of public transit.
Interstate 465 is a quick drive from International Marketplace and an easy way to get around.
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Noise a factor in busy neighborhood
Bordered by two interstates and 38th Street, International Marketplace residents may hear considerable traffic noise.
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
Jason Kraus,
an experienced agent in this neighborhood.
Parks in this Area
Eagle Creek Park
Bike Trails
Dog Park
Trails
Gordon Gilmer Park
Gustafson Park
Gateway West Park
Bowman Park
Faculty & 34th Park
Northwestway Park
Baseball/Softball
Pool
Parking Lot
Transit
Airport
Indianapolis International
29 min drive
Bus
Westhaven Dr & Private Dr
Bus
38th St & High School Rd
Bus
Lafayette Rd - 3900 N
Bus
38th St & Gemco Ln
Bus
High School Rd & Gateway Dr
Bus
Georgetown Rd & Lafayette Rd
Bus
Georgetown Rd & 38th St
Crime and Safety
1 - Low Crime, 10 - High Crime
International Marketplace
US
Homicide
5
4
Sexual Assault
6
4
Assault with Weapon
5
4
Robbery
5
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
4
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in International Marketplace, Indianapolis sell after 31 days on the market compared to the national average of 47 days. The average sale price for homes in International Marketplace, Indianapolis over the last 12 months is $200,725, up 8% from the average home sale price over the previous 12 months.
Move-In Ready Bi-Level Home! This charming 3-bedroom, 2 full bath home offers immediate comfort and great potential. The lower level features a bonus room that could be used as a fourth bedroom, home office, or flex space, along with the opportunity to finish a second kitchen-ideal for multi-generational living or added convenience. Some windows have already been replaced, offering improved
Charming 3 bedroom home with cozy appeal and a backyard oasis! Welcome to your new sanctuary! This home is the perfect blend of comfort and warmth, offering an inviting atmosphere that feels like home. This beautiful ranch style home sits in the middle of Wedgewood on the West side of Indy, putting you within four minutes of I-465 and fifteen minutes from the heart of downtown Indy. Home boasts
This 3 bedroom 2 bath home has a wonderful kitchen and dining area with ample cabinet space and a double oven. If you are looking for storage space or a workshop, the detached garage features space for 4+ cars and an office, making it every handyman's dream. The home also features High ceilings and a storage shed in back, and is located within easy access to 465.
Located in Indianapolis, IN with easy access to I-65 and I-465, The Eagle's Edge Apartments is just minutes away from Pike Township School District as well as all of the shopping, dining and entertainment that nearby Carmel has to offer. We offer our residents unique one, two, three, and four bedroom apartment homes with brand new upgrades, in addition to amenities such as a cable ready outlets,
Charming 3 bed, 2.5 bath townhouse minutes from Speedway, boasting modern amenities including fridge, stove, dishwasher, and A/C, with convenient W/D hookups. Enjoy privacy with a fenced-in back yard and the convenience of a 1-car carport directly behind the townhouse, complemented by an open front yard, perfect for outdoor enjoyment.
WELCOME TO THE LIFE AT NORTHWEST GARDENSYou're sure to find the perfect apartment home here at The Life at Northwest Gardens, located in Indianapolis, IN. Our community offers a selection of one, two, three and four bedroom apartment homes. Inspired by you and designed for your comfort, our apartment homes feature energy-efficient appliances, spacious bedrooms, great closet space and much
Interested in learning more about homes in this area?
Reach out to
Jason Kraus,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
12,545
Median Age
32
Population Density
6 ppl/acre
Population under 18
31.9%
Above the national average
23.8%
Population over 65
9.7%
Below the national average
19.1%
Finances
Median Household Income
$46,402
Significantly below the national average
$71,702
Average Household Income
$54,257
Education and Workforce
High School Graduates
84.4%
College Graduates
20.4%
Below the national average
34.1%
Advanced Degrees
5.4%
% Population in Labor Force
75.2%
Above the national average
65.1%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
22°F
Average Summer High Temperature
85°F
Annual Snowfall
13''
Area Factors
Somewhat Bikeable
Bike Score®
28/ 100
Car-Dependent
Walk Score®
14/ 100
Some Transit
Transit Score®
32/ 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.
