Speedway, IN housing market
The typical Speedway home is worth about $236,000, down 1.7% in a year, 9% below the Indiana typical home. Homes typically sell in 4 days, close to asking.
Home values, sales, trends and how Speedway compares with the towns next door — updated as new data is published.
Speedway at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Speedway | Indiana |
|---|---|---|
| 2017 | $108,000 | $135,000 |
| 2018 | $119,000 | $144,000 |
| 2019 | $129,000 | $154,000 |
| 2020 | $142,000 | $164,000 |
| 2021 | $161,000 | $183,000 |
| 2022 | $191,000 | $209,000 |
| 2023 | $216,000 | $227,000 |
| 2024 | $225,000 | $237,000 |
| 2025 | $236,000 | $249,000 |
| 2026 | $239,000 | $256,000 |
| August 2026 | $236,000 | $260,000 |
No new homes permitted in 2025
No permits for new homes were issued in Speedway in 2025. The last year with any was 2022 (276 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Speedway gained 2,140 residents while 61 new homes were permitted: about 35 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Indiana: 1.7 new residents per new home.
How Speedway ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 276 | 0 | 276 | $8.7 million |
| 2021 | 2 | 2 | 0 | $247,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 45 | 0 | 45 | $930,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $165,000 |
| 2015 | 2 | 2 | 0 | $185,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 12 | 0 | 12 | $1.9 million |
| 2011 | 1 | 1 | 0 | $120,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $426,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 28 | 1 | 27 | $1.6 million |
| 2001 | 192 | 0 | 192 | $11.5 million |
| 2000 | 0 | 0 | 0 | — |
How Speedway ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.9 years of income
The typical Speedway home costs about 3.9 years of the town's median household income, more than across Indiana (3.6 years).
How Speedway ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Speedway is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Speedway pay a median of $1,141, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,040 · 4 bedrooms $2,170
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46222, 46224; Indianapolis-Carmel, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.