The lowest-priced of the five Wayne Township neighborhoods in this series, small one-story homes mostly from the 1930s and 1940s. Here is what homes sell for, how long they take, and what to check first.
Start with the map. Filter by price, beds, and neighborhood.
Drexel Gardens is in Wayne Township, in the Metropolitan School District of Wayne Township per MLS records. The homes that sold here in the last two years were mostly built between 1930 and 1982, mostly one-story homes.
The MLS shows 16 closings in the last 12 months against 17 the year before, at a median of $135,000, up from $130,000. Homes went under contract in a median of 11 days, up from 7, and closed at 94.3% of list on average, with 44% closing at or above list.
What you are actually buying: a small one-story house, usually around 950 square feet and more than 40 years old. What you are giving up: a newer house. Most homes here were built in the 1930s and 1940s, so budget for an inspection and for updates.
Every search below is live MLS data. Save one and you'll get new matches by email the morning they list.
Dues, size range and a thin sample.
Association dues are not part of the MLS data behind this page, so I am not quoting a number. Ask the listing agent for the current dues and what they cover, then confirm with the association itself.
See homes →Homes here ran from about 676 to 1,650 square feet in the last two years, so a price per square foot of $153 is a better comparison than the sale price alone.
See homes →Homes here were built between about 1930 and 1982, so check the year built of any comparable you rely on.
See homes →At 16 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.
See homes →Drexel Gardens sales in the MLS list Metropolitan School District of Wayne Township as the district. Which elementary, middle and high school an address feeds into can change with boundary updates, so confirm the assignment for the specific address with the district.
The district's current operating referendum, approved in 2019 at 35 cents per $100 of assessed value, expires in 2027. On November 3, 2026 the district is asking voters for a new eight-year operating referendum: 60 cents planned for the first year, with a maximum of 70 cents. If it passes, the referendum rate on an MSD Wayne address goes up; if it fails, the 35-cent rate ends after 2027. Referendum rates sit outside the 1% cap.
Drive your actual commute at your actual start time before you commit.
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 a larger house, compare Chapel Glen, where the median home was about 1,890 square feet. If you want a newer house, see Glennwoods. For all of Wayne Township, see my Wayne Township guide.
The median single-family sale in Drexel Gardens was $135,000 over the 12 months through August 2026, on 16 closings, and the middle 80% of sales ran $75,500 to $237,450 (MIBOR BLC).
The median was 11 days on market over the last 12 months, against 7 the year before, and 44% of homes closed at or above list price.
Dues are not part of the MLS data behind this page. Ask the listing agent and confirm with the association.
Metropolitan School District of Wayne Township in MLS records. Confirm the specific school assignment for the address with the district.
Most homes that sold in the last two years were built between 1930 and 1982, with a median build year of 1940.
The district's current operating referendum, approved in 2019 at 35 cents per $100 of assessed value, expires in 2027. On November 3, 2026 the district is asking voters for a new eight-year operating referendum: 60 cents planned for the first year, with a maximum of 70 cents. If it passes, the referendum rate on an MSD Wayne address goes up; if it fails, the 35-cent rate ends after 2027. Referendum rates sit outside the 1% cap.
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.
About 16 homes sold here in the last year. A saved search gets you each new Drexel Gardens listing the morning it hits the market.
Start My Drexel Gardens SearchNot a national algorithm guessing from square footage. A real valuation based on what's actually selling near you, from someone who has been inside those houses.