Speedway, IN Profile: Facts & Data

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Speedway, Indiana - Basic Facts

The Town of Speedway had a population of 12,931 as of July 1, 2019. Speedway ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Speedway is located at latitude 39.8023 and longitude -86.2672 in Marion County. The formal boundaries for the Town of Speedway encompass a land area of 4.75 sq. miles and a water area of 0.01 sq. miles. Marion County is in the Eastern time zone (GMT -5). The elevation is 748 feet.

The Town of Speedway (GNIS ID: 2397670) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Speedway is located within Township of Wayne, a minor civil division (MCD) of Marion County.

Alternate Unofficial Names for Speedway: Speedway City.

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  1. Speedway 2019 Demographic Data
  2. Growth Rates for Speedway (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Speedway, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Speedway, IN Housing Affordability Index is 187
State of Indiana Housing Affordability Index is 180
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Speedway, IN Wealth Index is 56
State of Indiana Wealth Index is 81
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 12,931 (100%)
Population in Households 12,897 (99.7%)
Population in Families 9,064 (70.1%)
Population in Group Quarters1 34 ( 0.3%)
Population Density 2,721
Diversity Index2 61
 

INCOME

Median Household Income $44,637
Average Household Income $60,551
Per Capita Income $27,634
Wealth Index4 56

HOUSING

Total Housing Units 7,075 (100%)
Owner Occupied HU 2,594 (36.7%)
Renter Occupied HU 3,377 (47.7%)
Vacant Housing Units 1,105 (15.6%)
Median Home Value $123,898
Housing Affordability Index3 187
 

HOUSEHOLDS

Total Households 5,970
Average Household Size 2.16
Family Households 3,158
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.98% 0.8%
Households 0.79% 0.67%
Families 0.81% 0.54%
Median Household Income   3.01%
Per Capita Income   3.12%

Speedway, IN - Peer Comparisons by Rank and Percentile

The table below compares Speedway to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 68 90th
Population Density # 29 96th
Diversity Index # 19 97th
Median Household Income # 522 23rd
Per Capita Income # 251 63rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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