Speedway: The Suburb with the Highest Rental Yield for Investors

Speedway recorded the highest rental yield among Indianapolis suburbs in the latest quarterly market report, reaching 8.2 percent on single-family homes. Local investors closed 47 rental purchases there between April and June.

The yield figure matters now because mortgage rates have held above 6.5 percent since early 2025, forcing more households into rentals while home prices across Marion County climbed 11 percent year over year. Speedway benefits from steady demand tied to the Indianapolis Motor Speedway calendar and nearby manufacturing plants that added 1,200 jobs last year.

Investors have focused on blocks along 10th Street and Georgetown Road, where three-bedroom homes rent quickly to track staff and Allison Transmission workers. The neighborhood also sits two blocks from the IndyGo Red Line stop at 16th and Main, cutting commute times for downtown office tenants.

Median sale prices in Speedway reached $278,000 in June 2026, according to data compiled by the Metropolitan Indianapolis Board of Realtors. Average monthly rents for comparable homes stood at $1,875, producing the 8.2 percent yield after standard vacancy and maintenance allowances. That figure exceeds yields in Broad Ripple by 1.9 percentage points and in Irvington by 1.4 points over the same period.

Local anchors supporting tenant demand

The annual Indianapolis 500 and Brickyard 400 events generate short-term rental spikes that property managers convert into year-round leases once the races end. The Speedway Community Development Corporation has used federal Community Development Block Grant funds to improve sidewalks and street lighting on Main Street, a program that began in March 2025 and now covers six blocks.

Property taxes remain 14 percent lower than the Marion County average because Speedway operates its own town government, a detail that adds roughly $180 per month to net cash flow on a typical investment property.

Next steps for buyers

Investors planning to enter the market should review current listings through the Speedway Realty Association portal and schedule inspections before the August back-to-school rush increases competition. Local lenders at Regions Bank on 16th Street currently offer investment-property lines with 20 percent down and rates starting at 7.1 percent for qualified buyers with local rental history.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.