Though they developed as all-white suburbs between 1940 and 1970, the neighborhoods near the Indianapolis Motor Speedway are some of the densest and most diverse in Indianapolis.
In 1970, there was a $22.6k gap between average family income in high- and low-income (80th and 20th percentile) neighborhoods. By 2016, the gap had doubled to $53.5k. Incomes grew for wealthy and middle-income neighborhoods, but fell for low-income neighborhoods.
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.
There’s a shrinking share of people in their 20s in this German/Irish neighborhood, but a growing of share in their 30s and 40s, as well as a growing population of children. These residents are less likely to live in poverty than other age groups, but they have still seen incomes decline 26 percent since 2010.
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.