Speedway, Indiana.
Typical home $233,377 (-1.6% in a year), asking rent $1,615 . Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$715 (+140%) since Jan 2020.
- 1 year
- Down $3,748 -2%
- $237,125$233,377 since Sep 2025
- 5 years
- Up $51,578 +28%
- $181,799$233,377 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Speedway$1,225
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Speedway, IN fell 1.6% over the past year — slower than the nation's +1.2%.
Living in Speedway, Marion County, Indiana
Speedway is a town of 13,952 people in Marion County. Half its households earn more than $60,147 a year and half less, against $66,346 across Marion County; 18% of its people live below the poverty line. 45% of its homes are lived in by their owners and 55% are rented. Unemployment in Marion County was 3.6% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Speedway is a small town surrounded by Indianapolis, best known for the famous race track that gives it its name. The population is younger than in many older towns, and renters outnumber owners, so many homes are lived in by people who rent. Household incomes run below the county's, and winters are cold and snowy while summers turn warm.
Work. Many residents work in schools, hospitals and social care, in shops, and in transport, warehouses and utilities. Among the largest workplaces in town are Allison Transmission, the Indianapolis Motor Speedway and the School Town of Speedway. Commutes are fairly short, and some people work from home.
Things to do. The Indianapolis Motor Speedway, a race track, and its museum sit in or beside town. A short drive away are the Children's Museum of Indianapolis, a museum, and the Indianapolis Zoo. Lucas Oil Stadium, also a short drive away, is another place to spend a day.
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- 6,095households
- 34%of adults have a degree
- 18%below the poverty line
- 22 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Marion County had 625,109 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 21°; warmest in July, with highs near 85° and lows near 67°. About 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Indianapolis Eagle Creek Airport weather station, 3 miles away (NOAA).
Largest workplaces in Speedway
- Allison TransmissionMotor vehicle transmission and power train parts manufacturing3,067
- Indianapolis Motor SpeedwayRacetracks489
- School Town of SpeedwaySchool district193FTE
- Linde Advanced Material TechnologiesAbrasive products manufacturing167
- Praxair GE TechnologiesAircraft engine and engine parts manufacturing155
- Kroger Central KMASupermarkets and other grocery except convenience stores142
- LindeCoating metals and metal products for the trade121
- Linde Advanced Material TechnologiesCoating metals and metal products for the trade118
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 18 workplaces with 20 or more staff, 4,904 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesrelatively high in parts of SpeedwayRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Speedway’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Marion County and the Indianapolis-Carmel-Anderson, IN metro.
Speedway home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Speedway$233,377
- Indiana$257,165
- United States$366,157
Sellers are cutting prices on about 1 in 4 Speedway listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Speedway25.49%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Speedway21
New listings per month
Sellers arriving at the market.
- Speedway10
Zip codes with a Speedway address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Speedway — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.