Speedway, Indiana is a small town located just northwest of Indianapolis. While it is most well-known for the Indianapolis Motor Speedway, the largest sports venue in the world, many people are left wondering what township the town actually belongs to. In this article, we will explore the mystery surrounding Speedway’s township, and provide valuable insights and information about this charming Indiana community.
From the history of Speedway, to the top attractions in the area, to the real estate market, we will cover all of the important topics that you need to know about when it comes to living in Speedway, Indiana. Whether you are a lifelong resident, a recent transplant, or just curious about this unique town, this article will provide you with all of the information you need to unlock the secrets of Speedway’s township.
Locating Speedway, Indiana on the Map
If you’re looking for Speedway, Indiana on a map, you’ll find it nestled just northwest of downtown Indianapolis. This small town is known for its rich history, strong sense of community, and, of course, the Indianapolis Motor Speedway. But there’s more to Speedway than just the famous racetrack. In this article, we’ll explore everything you need to know about finding and navigating Speedway on the map.
Getting to Speedway
Located just 5 miles west of downtown Indianapolis, Speedway is easily accessible from a number of major highways, including I-65 and I-46If you’re flying in from out of town, Indianapolis International Airport is just a 15-minute drive from Speedway.
Once you’re in town, Speedway is a breeze to navigate. The town’s main drag, Main Street, runs through the heart of the community and is home to many of Speedway’s top attractions, including the Dallara IndyCar Factory and the Speedway Indoor Karting center.
Top Attractions in Speedway
- Indianapolis Motor Speedway: Of course, no visit to Speedway would be complete without a trip to the iconic Indianapolis Motor Speedway. Home to the Indianapolis 500 and the Brickyard 400, this massive sports venue is a must-see for any racing fan.
- Dallara IndyCar Factory: Want to see where IndyCars are made? Look no further than the Dallara IndyCar Factory, where you can take a guided tour and get an up-close look at the engineering behind these high-speed machines.
- Speedway Indoor Karting: If you’re looking for some high-speed thrills of your own, be sure to check out the Speedway Indoor Karting center. This state-of-the-art facility features an indoor track and electric go-karts that can reach speeds of up to 40 miles per hour.
The Real Estate Market in Speedway
If you’re considering making Speedway your home, you’ll find a variety of housing options available, from historic homes to newer construction. According to Zillow, the median home value in Speedway is currently around $150,000, making it an affordable option for those looking to live in the Indianapolis area.
Whether you’re a racing fan, a history buff, or just looking for a friendly community to call home, Speedway, Indiana is a great place to be. With its convenient location, top attractions, and affordable real estate, it’s no wonder why so many people are choosing to call Speedway home.
Exploring the History of Speedway, Indiana
Speedway, Indiana is a small town that is known for its famous Indianapolis Motor Speedway, which hosts the Indianapolis 500, one of the most famous car races in the world. However, the town has a rich history that goes beyond the racetrack.
Founded in 1926, Speedway was initially established as a residential area for people who worked at the nearby track. The town grew rapidly, and by the 1950s, it had become a bustling community with a vibrant downtown area.
The Beginnings of Speedway
- Carl G. Fisher: The founder of the Indianapolis Motor Speedway and the man who played a significant role in the development of Speedway
- Early Development: The beginnings of Speedway as a residential area for people working at the track
- Growing Pains: The rapid growth of the town and the challenges it faced as a result
Carl G. Fisher, the founder of the Indianapolis Motor Speedway, was also instrumental in the development of Speedway. He envisioned a community that would serve as a home for the workers who built and maintained the racetrack. To that end, he purchased land adjacent to the track and began selling lots to workers who wanted to live close to their jobs.
As the track became more successful, so did Speedway. The town grew rapidly, and by the 1950s, it had become a thriving community with a bustling downtown area. However, the rapid growth also presented challenges. The town struggled to keep up with the demand for services, and there were concerns about overcrowding and traffic congestion.
The Evolution of Speedway
- Downtown Speedway: The development of the town’s downtown area, which is now a National Historic District
- Economic Development: The growth of Speedway as a hub for motorsports and other industries
- Community Spirit: The pride and sense of community that residents of Speedway feel for their town
Despite these challenges, Speedway continued to grow and evolve. In the 1980s, the town’s downtown area was designated as a National Historic District, and efforts were made to preserve its unique character and charm.
Today, Speedway is not just a hub for motorsports, but also a center for other industries, such as healthcare and technology. The town is home to several major hospitals and medical centers, as well as a number of tech companies and startups.
But perhaps the most remarkable thing about Speedway is the sense of community that residents feel for their town. From the annual “Speedway in Lights” festival to the local farmer’s market, there are plenty of events and activities that bring people together and create a strong sense of community spirit.
Overall, Speedway, Indiana is a town with a rich history and a bright future. Whether you’re a racing fan or simply someone who appreciates small-town charm, there’s something for everyone in this vibrant and dynamic community.
The Demographics of Speedway, Indiana
Speedway is a small town located in Marion County, Indiana, with a population of just over 12,000 people. The town has a rich history in automobile racing, and is home to the Indianapolis Motor Speedway, which is the largest sporting facility in the world.
The demographics of Speedway are diverse and include individuals of all ages, ethnicities, and backgrounds. According to the most recent census data, the town has a median age of 35 years old, and the majority of residents are white, making up 89% of the population. Black or African American residents make up 3% of the population, while Hispanic or Latino residents make up 4%.
Education is an important aspect of life in Speedway. The town is served by the Speedway Public School District, which includes two elementary schools, one middle school, and one high school. The district has a strong reputation for academic excellence and is committed to providing students with a high-quality education that prepares them for success in college and beyond.
The Speedway High School is particularly notable for its focus on STEM education, offering a variety of courses and extracurricular activities in science, technology, engineering, and mathematics. The school also offers a number of advanced placement courses, allowing students to earn college credit while still in high school.
Employment in Speedway is diverse, with residents working in a range of industries, including healthcare, education, manufacturing, and retail. Many residents also work in the automotive industry, which has a strong presence in the area due to the town’s history in automobile racing.
The largest employers in Speedway include the Indianapolis Motor Speedway, the Speedway Public School District, and Allison Transmission, a global manufacturer of automatic transmissions for commercial and military vehicles. The town also has a growing small business community, with a number of locally owned shops and restaurants.
Top Attractions in Speedway, Indiana
Speedway, Indiana is a town that is steeped in history and has plenty of exciting attractions for visitors to explore. Whether you are a fan of racing, history, or just looking for a fun day out, Speedway has something for everyone.
One of the top attractions in Speedway is the Indianapolis Motor Speedway, which is the world’s largest spectator sporting facility. The Speedway hosts some of the most famous auto races in the world, including the Indianapolis 500 and the Brickyard 400. Visitors can take a tour of the track, explore the museum, or even drive a race car themselves.
Speedway Indoor Karting
- Speedway Indoor Karting is a great attraction for visitors of all ages. Visitors can race around an indoor track on high-performance go-karts that can reach speeds of up to 40 miles per hour.
- The facility also has an arcade and a restaurant, making it a great place for a family day out or a night out with friends.
- Speedway Indoor Karting is open seven days a week and is located just a few blocks from the Indianapolis Motor Speedway.
Speedway Legacy Trail
The Speedway Legacy Trail is a beautiful walking and biking trail that takes visitors on a tour of the town’s history. The trail is over 2 miles long and winds through some of the town’s most historic sites, including the Indianapolis Motor Speedway and the Speedway Cemetery.
Along the trail, visitors can learn about the town’s history and its role in the development of the automobile industry in the United States. The trail also includes a number of interpretive signs and markers that provide additional information about the town’s history.
Dallara IndyCar Factory
- The Dallara IndyCar Factory is a great attraction for visitors who are interested in learning about the engineering and design that goes into creating an IndyCar race car.
- The facility includes a museum that showcases some of the most famous race cars in history, as well as interactive exhibits that allow visitors to design their own race car and compete against others.
- The Dallara IndyCar Factory is open seven days a week and is located just a few minutes from the Indianapolis Motor Speedway.
These are just a few of the top attractions in Speedway, Indiana. Whether you are a racing fan, history buff, or just looking for a fun day out, Speedway has something to offer everyone.
The Best Restaurants in Speedway, Indiana
If you’re looking for some delicious eats in Speedway, Indiana, then you’re in luck. The town boasts a variety of top-notch restaurants that are sure to satisfy your cravings. From classic American fare to international cuisine, there’s something for everyone to enjoy.
Whether you’re in the mood for a casual lunch or a fancy dinner, Speedway has you covered. Here are some of the best restaurants in the area:
Dawson’s on Main
If you’re a fan of southern cuisine, then Dawson’s on Main is the place for you. Their menu features classic dishes like fried chicken, mac and cheese, and shrimp and grits. The cozy, rustic atmosphere makes for the perfect dining experience. Don’t forget to save room for their famous banana pudding!
Barbecue and Bourbon
If you’re in the mood for some finger-lickin’ barbecue, then Barbecue and Bourbon is the place to be. Their menu features slow-smoked meats, tasty sides, and an extensive bourbon list. The rustic, industrial atmosphere adds to the charm of this popular eatery.
Big Woods Speedway
If you’re looking for some good old-fashioned American fare, then Big Woods Speedway is the place to go. Their menu features classic dishes like burgers, sandwiches, and pizza. They also have a great selection of craft beers and cocktails. The casual, laid-back atmosphere makes for a fun night out with friends.
- Southern cuisine
- American fare
Living in Speedway, Indiana: Pros and Cons
Speedway, Indiana is a small town located just outside of Indianapolis. Despite its small size, Speedway has a lot to offer. In this article, we will explore the pros and cons of living in Speedway, Indiana.
The Pros of Living in Speedway, Indiana
Affordable Cost of Living
One of the biggest advantages of living in Speedway is the affordable cost of living. Housing is reasonably priced, and overall expenses are significantly lower than in larger cities. This makes it an excellent option for families or anyone looking to save money on day-to-day expenses.
Close Proximity to Indianapolis
Another benefit of living in Speedway is its close proximity to Indianapolis. It is only a few minutes’ drive from downtown Indianapolis, which is home to a wealth of cultural attractions, shopping, and dining options. This means that you get the best of both worlds – the small-town feel of Speedway and the excitement of a big city just a stone’s throw away.
The Cons of Living in Speedway, Indiana
Limited Job Opportunities
One of the biggest drawbacks of living in Speedway is the limited job opportunities. The town is relatively small, and there are only a few major employers in the area. This means that it may be challenging to find work in your desired field, and you may have to commute to nearby cities for employment opportunities.
Limited Nightlife and Entertainment Options
Another disadvantage of living in Speedway is the limited nightlife and entertainment options. While Indianapolis is nearby, if you are looking for a vibrant nightlife scene or a diverse range of entertainment options, you may need to travel to nearby cities like Bloomington or Chicago.
Overall, living in Speedway, Indiana, can be a great option for those seeking an affordable, close-knit community close to a larger city. However, those looking for a fast-paced lifestyle or a wide range of job and entertainment options may need to look elsewhere.
Real Estate Market in Speedway, Indiana
If you’re considering buying or selling a home in Speedway, Indiana, it’s important to understand the current state of the real estate market. The market has been steadily growing over the past few years, making it an attractive location for both buyers and sellers.
One of the main advantages of living in Speedway is the relatively affordable housing market. Compared to nearby cities like Indianapolis, the median home price in Speedway is lower, making it an ideal location for first-time homebuyers or those looking to downsize.
Current Market Conditions
The real estate market in Speedway is currently experiencing a seller’s market, meaning that there are more buyers than available properties for sale. This can result in multiple offers and bidding wars, driving up prices for buyers. It’s important to have a knowledgeable real estate agent on your side to navigate the competitive market.
- Speedway Manor: This neighborhood is located near the Indianapolis Motor Speedway and offers a mix of older and newer homes.
- Meadows at Eagle Crossing: This newer neighborhood offers a variety of homes in different styles and sizes.
- Speedway Woods: This established neighborhood features homes with mature trees and spacious lots.
Tips for Buyers and Sellers
For Buyers: Work with a real estate agent who is familiar with the Speedway area and can help you navigate the competitive market. Be prepared to act quickly when you find a property you like, as it may not be on the market for long.
For Sellers: Work with an experienced real estate agent who can help you price your home competitively and market it effectively to attract potential buyers. Consider making updates or renovations to increase the value of your home and appeal to buyers.
Frequently Asked Questions
What township is Speedway Indiana in?
Speedway, Indiana is located in Wayne Township, Marion County, Indiana. Wayne Township is one of nine townships in Marion County.
Is Speedway, Indiana a good place to live?
Many people find Speedway, Indiana to be a great place to live. It has a small town feel but is located just minutes away from downtown Indianapolis. Speedway is also home to the Indianapolis Motor Speedway, which brings excitement and tourism to the area.
What is the cost of living in Speedway, Indiana?
The cost of living in Speedway, Indiana is relatively affordable compared to other cities in the United States. Housing and utility costs are lower than the national average, and Indiana has a lower overall tax burden than many other states.
What is there to do in Speedway, Indiana?
Speedway, Indiana has plenty of activities for residents and visitors. The Indianapolis Motor Speedway hosts many events throughout the year, including the famous Indy 500 race. There are also several parks in the area, including Meadowood Park and Leonard Park. The town also has a variety of restaurants and shops to explore.
What schools are in Speedway, Indiana?
Speedway is served by the Speedway Public Schools system, which includes one elementary school, one junior high school, and one high school. Additionally, there are several private schools in the area.
What is the population of Speedway, Indiana?
As of the 2020 census, the population of Speedway, Indiana was 12,150. The town has a small town feel, but is close to the larger city of Indianapolis.