A walkable village on the Monon, the canal and the Red Line, with older homes and a nightlife core. Here is what to know before you buy on either side of it.
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Broad Ripple Village is about six miles north of downtown, where the Monon Trail, the Central Canal and the White River meet. It was its own town until Indianapolis annexed it in 1922, and it still reads like one: a walkable commercial core on Broad Ripple Avenue, with residential streets fanning out around it.
A note on the numbers, because this is where most neighborhood pages quietly cheat. The MLS doesn't have a clean Broad Ripple boundary, so the stat card shows Washington Township as a whole — about 1,100 single-family sales this year at a median near $356,000, a median of nine days to contract, and 98.6% of list. That tells you the township is fast. It does not tell you what a bungalow on a particular Broad Ripple street is worth. For that I pull the actual comparable sales.
Most of the housing went up after 1900 as the city grew north, and much of it is bungalows. That means character, and it means older systems — foundations, sewer laterals, electrical and windows are where inspection budgets go here. New construction is infill and multifamily; there are no builder subdivisions.
What you are actually buying: the Monon and the canal towpath out your door, the Red Line's northern terminal at 66th and College, Broad Ripple Park, and a real village center. What you are giving up: quiet near the core, and on the river side, a flood-map conversation you need to have for the specific parcel.
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The Broad Ripple Village Association covers the area from Kessler Boulevard to the White River and from Meridian Street to Evanston Avenue. Inside that, the blocks behave very differently.
Broad Ripple Avenue between the Monon and the canal: restaurants, shops, galleries, The Vogue and the Indianapolis Art Center. Walkable, lively, and loud at night. New mixed-use and apartment projects keep coming, and some have drawn neighborhood opposition.
See homes →Bounded by the White River on the north and west, Westfield Boulevard and College Avenue. Leafy and close to the water — and inside the Indy North levee project area, so check the current FEMA flood zone and insurance for the parcel.
See homes →The pre-1940 blocks, mostly bungalows, that make up most of the neighborhood's single-family housing. Walk-to-the-village without living on top of it.
See homes →The Indy Parks property on Broad Ripple Avenue with a pool, dog park, courts, river access and a family center that opened in 2023. Proximity to the park and the river is part of the price.
See homes →The former Broad Ripple High School reopened in 2024 as an IPS middle school, with Purdue Polytechnic High School using part of the building. Expect school-day traffic nearby.
See homes →Broad Ripple sits in Washington Township, which is served by MSD of Washington Township and by parts of Indianapolis Public Schools. Which one serves a house depends on the address, so confirm it for the specific property. IPS high schools are chosen by application rather than assigned by address.
The Indianapolis Public Education Corporation, a new appointed board created by state law in 2026, has an operating referendum on the November 3 ballot for addresses inside the IPS boundary: up to 37.2 cents per $100 of assessed value for up to four years, capped at $95 million a year, with the revenue split between IPS and participating charter schools. The ballot estimates $221 a year on a $150,000 median home. It replaces the 2018 IPS referendum rate of 19.6 cents, which expires in December 2026, so the net change reported by IPS and local coverage is roughly $100 to $115 a year on that home.
MSD Washington Township is asking voters to renew its operating referendum at up to 25 cents per $100 for up to eight years, capped at $24 million a year — the same rate approved in 2020. The ballot says a $300,000 median home's bill would drop by $351 a year if it does not pass.
Either way, put the rate into your carrying-cost math before you write an offer. Referendum rates sit outside the 1% cap.
The Red Line's northern end is at 66th and College, with buses every 15 minutes and every 10 at peak, straight through downtown. The Monon runs south to 10th Street and the Cultural Trail, and north into Hamilton County. For a lot of buyers, that is the whole reason to be here.
The Indy North levee and floodwall project along the White River and Central Canal was designed to protect more than 1,200 homes in Warfleigh, Broad Ripple and Butler-Tarkington, and a FEMA map revision tied to it was expected in 2024. Don't assume — check the current flood zone and insurance quote for the parcel before you're under contract.
Indiana caps homestead property tax at 1% of gross assessed value under the circuit breaker, so most owner-occupants land at or near that figure before any voter-approved referendum rate, which sits outside the cap. Rentals and second homes are capped at 2% and should be modeled separately. Marion County's local income tax is 2.02%, per the Indiana Department of Revenue's county rate notice effective October 1, 2026. Confirm assessments with the Marion County Assessor.
If you want new construction without renovation risk, you'll be shopping infill at a premium. If late-night noise would bother you, stay several blocks off the core. And if you need a specific school district, filter by address, not by the neighborhood name.
The MLS has no clean Broad Ripple boundary, so the most reliable published figure is Washington Township as a whole: a single-family median of about $356,000 year to date through August 2026 on 1,125 sales. Individual Broad Ripple streets vary widely around that; I pull street-level comparables for any specific house.
Washington Township is served by MSD of Washington Township and by parts of Indianapolis Public Schools. Which one serves a house depends on the address, so confirm it for the specific property.
For IPS addresses, an operating referendum from the Indianapolis Public Education Corporation at up to 37.2 cents per $100 of assessed value for up to four years, replacing the expiring 2018 IPS rate. For MSD Washington Township addresses, a renewal of the district's 25-cent operating referendum for up to eight years.
Parts near the White River, including Warfleigh, are inside the Indy North levee project area, and a FEMA map revision tied to it was expected in 2024. Check the current flood zone and an insurance quote for the specific parcel.
Yes. The IndyGo Red Line starts at 66th and College and runs through downtown every 15 minutes, every 10 at peak, and the Monon Trail runs south to 10th Street and the Cultural Trail.
Only infill and multifamily. There are no builder subdivisions; new homes are rebuilds and townhome-style projects, and several apartment and mixed-use projects are in the works around the village.
I'm Wes Johnston, a Realtor with Trueblood Real Estate, based in Fishers. I cover the whole Indianapolis metro, and every guide on this site is built the same way: MIBOR numbers, public sources, and the trade-offs a listing description won't mention.
My job isn't to open doors. It's to tell you what a house is actually worth, what's wrong with it, and whether it's the right move for what you're trying to do — then negotiate hard on your behalf and own the process from contract to close.
If you're two years out, that's fine. Most of my best clients started with a question, not a showing.
Fishers-based. Honest numbers, every part of the metro. Committed to your success.
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