By Niki Sheck at Corner Lot Real Estate
When most people think of vacation homes, their minds jump to oceans, mountains, or lakes — but more and more buyers are starting to see the appeal of second homes in cities like Indianapolis. Whether you’re coming here for family, events, or just to enjoy a slower pace in a vibrant city, a vacation home in Indy can be a smart lifestyle and financial move.
I’ve helped many clients find second homes that offer convenience, charm, and long-term value — and if you’ve been thinking about it, here’s what you need to know.
Key Takeaways
- Learn why Indy is becoming a desirable market for second homes.
- Explore the best neighborhoods for vacation-style living.
- Understand the financial and lifestyle benefits of owning a second home.
- Get tips for managing your vacation home when you're not using it.
Why Indianapolis Works for Vacation Buyers
You might not think of Indianapolis as a traditional vacation home market — but that’s part of the opportunity. Whether you're visiting for Colts games, festivals, or family, a second home here gives you a private place to stay while building equity.
What Makes Indy a Smart Vacation Home Choice
- Easy access – Indy’s location and airport make it a short flight or drive from many Midwest and East Coast cities.
- Lower cost of ownership – Compared to coastal or resort markets, homes in Indy offer better price points and lower taxes.
- Year-round appeal – Between sports, cultural events, and seasonal festivals, there’s something happening here in every season.
- Family and business ties – Many buyers want a “home base” near relatives, schools, or clients — without committing to a full move.
If you’re not using your home year-round, you can also explore part-time rental options to help offset costs — something I help clients navigate all the time.
Where to Look for a Vacation-Style Home
Not every neighborhood fits the vacation-home lifestyle. You’ll want comfort, walkability, and access to entertainment or nature — without giving up privacy.
Neighborhoods My Clients Love for Second Homes
- Fountain Square – Trendy and walkable, perfect for those who love music, food, and culture.
- Broad Ripple – A relaxed, artsy vibe with access to the Monon Trail and lots of local charm.
- Downtown (Chatham Arch, Lockerbie Square) – Historic districts with luxury condos and quick access to sports, dining, and events.
- Fall Creek Place – A quieter, residential area close to downtown — great for those who want a mix of peace and proximity.
- Eagle Creek area – Close to the park, trails, and water — ideal for buyers who value outdoor recreation.
I always help vacation-home buyers think about how they’ll use the home — whether it’s for weekend getaways, seasonal stays, or future rental income — and we find a neighborhood that fits.
How a Second Home Can Benefit You
Owning a vacation home isn’t just about weekend fun. There are practical and financial upsides, too — especially in a city with strong demand and stable values.
Why My Buyers Consider a Second Home in Indy
- Control your experience – No need for hotel bookings or short-term rentals when you visit — your home is always ready.
- Build long-term equity – Real estate in Indy continues to appreciate steadily, offering long-term financial upside.
- Host friends and family – A second home gives you space to gather, relax, or host special occasions.
- Potential rental income – When not in use, your property can generate income — depending on location and HOA rules.
Before buying, I walk clients through the pros and cons of short-term versus long-term rentals, and help evaluate if part-time leasing makes sense.
Managing a Property from Afar
If you're not living in Indianapolis full time, it's important to plan for how your second home will be maintained — and how you’ll access it when needed.
What I Recommend for Out-of-Town Owners
- Hire a trusted local property manager – For cleaning, maintenance, and emergencies, a good manager is worth every penny.
- Set up remote systems – Smart locks, thermostats, and security systems make it easy to manage your home from anywhere.
- Build a local support network – I connect my clients with vetted handymen, lawn services, and cleaners to keep their homes in top shape.
- Plan for seasonal visits – Even if you only come a few times a year, scheduling routine check-ins keeps everything running smoothly.
I work with many out-of-state buyers and make sure they have the resources and team to feel confident about their investment — even from miles away.
FAQs
Can I rent out my vacation home when I’m not using it?
Yes — depending on your location and HOA or zoning rules. I help clients understand what’s allowed and what kind of rental model fits their goals.
Are vacation homes in Indy a good investment?
They can be, especially in areas with steady demand and lifestyle appeal. I help clients focus on properties that balance enjoyment and value.
What should I budget for a second home here?
It depends on the neighborhood and property type, but many buyers are surprised by how affordable well-located homes in Indy can be — especially compared to national vacation markets.
Contact Corner Lot Real Estate Today
If you’ve been thinking about buying a vacation home in Indianapolis, I’d love to help you explore the best neighborhoods and investment options. Whether you’re planning quiet weekends, family visits, or income-generating stays, I’ll help you find a place that fits your goals and your lifestyle.
Reach out to me, Niki Sheck at Corner Lot Real Estate, and let’s take the next step toward finding your perfect getaway — right here in Indianapolis.
