“More Than a Day in May” could not be a more fitting tagline for the Town of Speedway! Of course, the town makes its mark as host to the Greatest Spectacle in Racing every year, but there is a lot more going on in Speedway, Indiana than just the Indianapolis 500: It is a really nice place to live!
The town was laid out in 1912 by the founders of the Indianapolis Motor Speedway. They wanted a residential area established for the workers of the businesses they were building, and it has served that purpose well. (Allison Transmission, founded by James Allison, is just one year older than the race itself, celebrating its 100th anniversary this year. It is still located on Main Street in Speedway.)
Less than 5 square miles and about 5 miles from downtown Indianapolis, Speedway is a unique little enclave. Take a walk through some of the neighborhoods and you’ll quickly feel the small town ambiance. “Speedway is very different from the living in Indy, ” says 18-year Speedway resident Melissa Speer. “Yes we are completely surrounded by Indianapolis but we are our own town. We are a mostly self-sustaining community. It has a small town feel. I can go into the grocery, bank, post office, library, and other places and workers know who I am, know my kids.”
Here’s what makes Speedway special
- Although it’s in Marion County, the Speedway Public Library is not part of the Indianapolis-Marion County Public Library System. However, like it’s larger counterpart, Speedway’s library has a robust family program.
- The Speedway Public School system, although in Wayne Township, is not part of the Metropolitan School District of Wayne Township. It has only 1700 students, and they all can walk to school. They have to – there are no school buses. Some students even walk home for lunch! The students do well: The district received a letter grade of A.
- With the redevelopment of Main Street, (prior to which many people didn’t even know Speedway had a Main Street!) the town has become even more of a small-town-in-a-big-city place to live. ““Main Street is home to more than a dozen festivals, parades and events each year, including Monsters on Main, Speedway Spectacular, Indy Jazz Fest, Hauler Parade and Hops & Flip Flops,” said Connie Harris, Speedway Chamber of Commerce executive director. Many new businesses and restaurants have planted roots here, including the stylish Dallara IndyCar Factory which looms over Main Street.
- Speedway has its own police and fire departments, and is governed by a Town Manager. A peek at the most recent Town Council minutes shows a discussion you may find in any small town in America – road closures permits and discussion about 4th of July fireworks.
- Speedway Parks and Recreation is not part of Indy Parks. This department runs two public parks and a variety of programs, including a summer camp.
- There are just under 11,900 residents, and the median home cost $108,900.
- Speedway’s new roundabout is one of the largest in the state, connecting Crawfordsville Road, 16th Street and Main Street. That intersection was previously rated “F” for safety.
- Speedway schools are closed on Carb Day. Since so many students do walk to school, and so many Carb Day participants drink alcohol, town officials decided its just plain safer to have the kids stay home.
- The high school mascot is a sparkplug!
Take a walk around Speedway the day after the Indy 500. You’d hardly believe it played host to the biggest one-day sporting event in the world. It really is s a nice place to live, with the warmth of small town America community that is simply nice to come home to.
Would you like to learn more about Speedway real estate? Check out our Speedway homes for sale page. And let us know how we can help.