Indi-Illi Park Historic District, Hammond, IN
Indi-Illi Park Historic District — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Indi-Illi Park Historic District, Hammond, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Indi-Illi Park Historic District Neighborhood Overview
The Indi-Illi Park Historic District is a residential neighborhood in Hammond, Indiana, known for its historic character and community-focused atmosphere. Centered around its namesake park, the area offers a quiet, established setting within the larger urban environment. Its location provides residents with a distinct sense of place and history.
Lifestyle & Amenities
The neighborhood's central amenity is Indi-Illi Park itself, providing green space for recreation and community gatherings. Residents enjoy convenient access to local shopping and dining options along nearby commercial corridors. The historic district designation helps preserve the area's unique architectural charm and streetscape.
Real Estate Market
The real estate market in Indi-Illi Park Historic District is characterized by affordability, with a median home value of $97,500. Homes typically sell at a measured pace, averaging 66 days on the market. The homeownership rate is 43%, indicating a mix of owners and renters in the community.
Schools & Education
Families in the Indi-Illi Park Historic District are served by the School City of Hammond district. The neighborhood's proximity to various local schools provides educational options for residents. Higher education institutions in the broader Northwest Indiana region are also accessible.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via major roadways like Indianapolis Boulevard and the nearby Borman Expressway (I-80/94). This provides straightforward access to downtown Chicago, other parts of Northwest Indiana, and regional employment centers. Public transit options serve the area, facilitating commuting and regional travel.
Why Choose Indi-Illi Park Historic District
This district is ideal for those seeking an affordable, historic neighborhood with a strong community identity. The combination of low median rents, around $832 per month, and attainable homeownership makes it accessible for first-time buyers and budget-conscious residents. Its location offers a balance of quiet residential living with the advantages of urban proximity and transportation links.
Indi-Illi Park Historic District Market Data
| Metric | Value |
|---|---|
| Median Home Price | $98K |
| Median Gross Rent | $832/mo |
| Median Household Income | $35K |
| Homeownership Rate | 42.7% |
| Renter-Occupied | 57.3% |
| Rental Vacancy Rate | 3.1% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 46320 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Indi-Illi Park Historic District, Hammond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Indi-Illi Park Historic District, Hammond, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14