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Real Estate Prices & Overview

Down Town Urban median real estate price is $446,105, which is more expensive than 88.9% of the neighborhoods in Indiana and 58.9% of the neighborhoods in the U.S.

The average rental price in Down Town Urban is currently $2,220, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.8% of the neighborhoods in Indiana.

Down Town Urban is a suburban neighborhood (based on population density) located in Fishers, Indiana.

Down Town Urban real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Down Town Urban neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Down Town Urban are 5.6%, which is lower than one will find in 62.5% of American neighborhoods. Demand for real estate in Down Town Urban is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Fishers, the Down Town Urban neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Down Town Urban neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 93.3% of Indiana neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees.

Diversity

Did you know that the Down Town Urban neighborhood has more Yugoslav and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Yugoslav ancestry and 5.2% have Arab ancestry.

Down Town Urban is also pretty special linguistically. Significantly, 5.1% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Down Town Urban neighborhood in Fishers are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.7% of the neighborhoods in America. With 10.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Down Town Urban neighborhood, 58.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 5.7% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Down Town Urban neighborhood is English, spoken by 79.3% of households. Other important languages spoken here include Polish and Arabic.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Down Town Urban neighborhood in Fishers, IN, residents most commonly identify their ethnicity or ancestry as German (18.3%). There are also a number of people of English ancestry (13.8%), and residents who report Asian roots (11.5%), and some of the residents are also of Irish ancestry (11.3%), along with some Italian ancestry residents (6.6%), among others. In addition, 19.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Down Town Urban neighborhood spend between 30 and 45 minutes commuting one-way to work (31.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (80.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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