Around the Nation -- Residential Real Estate Update - Indiana
By Jeff Adolph
State-by-state
Indiana has an estimated population of 6.3 million residents and is located in the Midwestern region of the United States. This states economy relies on manufacturing with steel, pharmaceuticals and medical devices, as well as automobiles and factory machinery being this regions largest productions.
This state has a flat rate income tax of 3.4% and a sales tax of 6%. Property taxes are variable depending on the local government and this is assessed on the sum of the tax rates imposed by all taxing units in which a property is located.
Indianapolis
This area of Indiana offers a competitive cost of living, favorable tax structure, is within easy commuting distance to most facilities and is stipulated as being one of the fastest growing regions in America that offers a lively, yet homely place to live.
Recently, there has been a significant boom in this area causing the market to shift to a buyers market rather than a sellers. The average market time for sale is hovering around the 30-60 day mark with the average asking price of homes being between $70,000 and $200,000.
Indianapolis is showing signs of increased buying and selling activity with prices up by 1-5% compared to last years figures.
LGBT Real Estate Facts: There are some 10,219 same-sex couples residing in this state, making it the 17th gayest state in the U.S.A. The gayest zip codes in this area are 46201 Brookside Bunch/Emerson Heights - Indianapolis; 46205 Crosstown/ New Northside/Unity Park - Indianapolis; 460202 Chatham Arch/Irish Hills/Canal - Indianapolis; and 46219 Chatham Walk/Eastgate - Indianapolis. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: yellowpages.com and wikipedia.org
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