Homeownership & home values among Black neighborhoods in Marion County (2018)

Abstract

A 2018 report from the Brookings Institute found that homes in majority-black neighborhoods in the Indianapolis-Carmel-Anderson metro area were valued at $18,000 less than those in similar—yet not predominately black—neighborhoods. This follows a national trend in which homes in black neighborhoods were undervalued by $48,000 on average. In fact, in 117 of the 119 metro areas included in the Brookings report, a home in a majority-black neighborhood was valued less than those in other neighborhoods. These areas also are more likely to be more segregated and provide fewer upward mobility opportunities for black residents. This brief examines trends in black homeownership specifically for Marion County.