NEAR WESTSIDE NEIGHBORHOOD

Near Westside Neighborhood Overview

The Near Westside neighborhood in Indianapolis is not only experiencing real estate growth but is also becoming a focal point for cultural and economic revitalization. With its mix of affordability, proximity to downtown, and community investment, the Near Westside is poised for continued growth. Whether you’re a first-time homebuyer, investor, or someone looking for a vibrant urban community, this neighborhood is a promising option in Indianapolis’ evolving real estate landscape.

Real Estate and Demographics

Housing and Ownership: Predominantly features small to medium-sized apartment complexes and single-family homes. Approximately 61.53% of housing units are renter-occupied, with 38.47% owner-occupied.

  Major Employers

Indiana University–Purdue University Indianapolis (IUPUI):

Location: Adjacent to the Near Westside.

Overview: A prominent urban research university offering a wide range of undergraduate and graduate programs.

Impact: Employs thousands of faculty and staff, attracting students and professionals to the area.

Eskenazi Health:

Location: Near the Near Westside.

Overview: One of Indiana's largest public health systems, providing comprehensive healthcare services.

Impact: Employs over 4,500 individuals, contributing to the local economy and healthcare sector.

Eli Lilly and Company:

Location: Approximately 2 miles southeast of the Near Westside.

Overview: A global pharmaceutical company headquartered in Indianapolis.

Impact: Employs around 11,000 people locally, influencing the regional economy.

Indiana University Health (IU Health):

Location: Multiple facilities throughout Indianapolis, including near the Near Westside.

Overview: The state's largest healthcare system, offering extensive medical services.

Impact: Employs approximately 36,000 individuals statewide, with a significant presence in Indianapolis.

Cummins Inc.:

Location: Downtown Indianapolis, near the Near Westside.

Overview: A global power leader that designs, manufactures, and distributes engines and related technologies.

Impact: Employs a substantial number of professionals in its Indianapolis offices.

These employers not only provide substantial employment opportunities but also contribute to the economic vitality and development of the Near Westside neighborhood and the broader Indianapolis area.

Major Developments

West Washington Street Corridor Revitalization

Develop Indy, in collaboration with the City of Indianapolis and the Indianapolis Airport Authority, has unveiled an extensive plan to boost economic development along West Washington Street near the Indianapolis International Airport. The West Washington Corridor Study encompasses approximately 885 acres, proposing diverse uses such as residential, manufacturing, and retail developments. The plan emphasizes improving pedestrian facilities, creating new park spaces, and introducing mixed-use developments to activate the corridor and support community growth.

Affordable Housing Initiatives

Efforts to increase affordable housing options are underway in the Near Westside:

Near West Horizon Project: In October 2024, Mayor Joe Hogsett and community partners unveiled two new affordable homeownership opportunities at 1401 and 1407 N. Pershing Ave. These homes, part of the Vacant to Vibrant pilot program, are available to individuals earning up to 80% of the area’s median income, aiming to provide accessible housing solutions.

Union at 16th: A $29 million investment has led to the development of "Union at 16th," an affordable and workforce housing project offering 159 units with one, two, and three-bedroom options. This community caters to families at 40%, 60%, and 80% of the median income levels, contributing to the neighborhood's housing diversity.

Infrastructure and Cultural Enhancements

Indianapolis Cultural Trail Expansion: The Indianapolis Cultural Trail is set for a major expansion on the downtown’s west side. The $21.2 million project, known as the White River Expansion, will link downtown’s Wholesale District to the near west side, enhancing connectivity and promoting cultural engagement.

West Michigan Street Road Diet: A significant bicycle infrastructure project is planned for West Michigan Street on the near west side, aiming to improve safety and accessibility for cyclists and pedestrians. Indy Today

These developments collectively aim to transform the Near Westside into a vibrant, inclusive, and economically robust community, enhancing the quality of life for current and future residents.