Mortgage activity in St. Clair Place shows a dramatic increase in home purchases and home value since 2007. The area is more diverse than ever and poverty is falling for people of color. But home buyers are still 76 percent white.
Indy has 51 sq. meters of park per person, while Fishers has only 4.3 sq. meters per person. In some neighborhoods, properties close to parks are worth more, in some they are worth less. On average, property near parks is worth $5K less than others in that neighborhood.
In the area where wealthy Golden Hills converges with the working-class neighborhoods of Northwest Indianapolis, income inequality is high and increasing. The area is also experiencing a growth of white households above the median income.
There were 50 percent more Central Indiana home purchase loans in 2016 compared to 2012. Among upper-income borrowers, the number of new loans went up 80 percent.