Indi-Illi Parkway Historic District, Hammond, IN
Indi-Illi Parkway Historic District — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Indi-Illi Parkway Historic District, Hammond, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Indi-Illi Parkway Historic District Neighborhood Overview
The Indi-Illi Parkway Historic District is a distinctive residential neighborhood in Hammond, Indiana, known for its historic charm and park-like setting. Centered around the scenic, winding parkway for which it is named, the area offers a tranquil, tree-lined environment within the larger urban context of Northwest Indiana. This district provides residents with a strong sense of community and architectural character.
Lifestyle & Amenities
Residents enjoy a quiet, suburban-like atmosphere with the convenience of nearby city amenities. The neighborhood's defining feature is its namesake parkway, which provides a beautiful green space for walking and leisure. While specific local businesses are not detailed, Hammond offers a range of shopping, dining, and services accessible from the district.
Real Estate Market
The real estate market in the Indi-Illi Parkway Historic District features a mix of historic homes, contributing to its character. With a median home value of $132,800 and a 69% homeownership rate, the area represents an affordable entry point into homeownership. The median monthly rent is reported at $1,061, offering options for both owners and renters.
Schools & Education
The neighborhood is served by the School City of Hammond district, which manages public education for the city. Families have access to local elementary, middle, and high schools, though specific school names and ratings are not provided here. The community's stable residential nature supports a family-friendly environment.
Transportation & Connectivity
The district benefits from excellent connectivity due to its location in Hammond. Major highways, including the Indiana Toll Road (I-80/I-90) and I-94, are easily accessible, facilitating commutes to Chicago and throughout the region. Public transit options are available through the local bus system, providing additional connectivity within Lake County.
Why Choose Indi-Illi Parkway Historic District
This neighborhood is ideal for those seeking historic charm, a strong community feel, and an affordable cost of living in Northwest Indiana. The combination of a median household income of $58,158 and below-average home values creates a accessible market for many buyers. Its park-like setting and proximity to major transportation corridors make it a uniquely balanced and convenient place to live.
Indi-Illi Parkway Historic District Market Data
| Metric | Value |
|---|---|
| Median Home Price | $133K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $58K |
| Homeownership Rate | 68.9% |
| Renter-Occupied | 31.1% |
| Rental Vacancy Rate | 1.5% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 46324 |
| 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 Parkway Historic District, Hammond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Indi-Illi Parkway 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