There I was, bustling around the kitchen making lunch for my daughter when our late morning routine was interrupted:Boom! Boom! Boom!
Milligan and I glanced toward the front door where the thunderous pounding had originated. “Holy cow!” I thought to myself, “There are only two groups of people who knock like that! This may not be good…”
Luckily, as I slowly opened the door, there was a stocky little lady in her late forties or fifties (with no badge). “Afternoon,” she said. “I’ve some packages for you… several packages for you. I’m gonna need some help carrying these around to the door.”
I started to tell her she must have the wrong house before I caught myself. “Whoa, that was fast”, I thought. Only 48 hours earlier, I’d been sitting in front of my computer cautiously ordering over 300 boxes of various sizes from United States Postal Office.
Free Boxes from USPS
For a while now, I’ve be aware the postal service provides free boxes when you ship through its Priority or Express Mail. Back when Courtney and I were purging all of our possessions in preparation for the year we spent traveling abroad, we had even stopped by our local post office to pick up several dozen of them.
But I recently discovered that the USPS will actually ship the boxes to you…for free! In fact, it’s painfully easy. Currently, there seem to be two different ways to order free boxes:
The USPS Online Store. If you’re willing to take 30 seconds to register an account on usps.com, you can order directly from the post service. This gives you access to dozens of different box and envelope sizes. The website quotes you 7-10 business days, but my huge order only took 48 hours!
USPS-eBay Partner Website. Alternatively, you can order free boxes with only your eBay account (no separate account needed with USPS). These boxes are also only for Priority Mail, but are branded with both the USPS logo and eBay’s logo. Unfortunately, you can only order 6 different sizes with your eBay account, but there is a decent variety offered.
When you order online, you can select between a pack of 10 boxes or a pack of 25 for each different box size. You can also order between 10 and 100 envelopes in a single batch. I personally ordered an assortment of 25-packs from each site and received them all within two business days! Now I’ve just got to get through all these boxes!
The Catch?
While the boxes are really 100% free, you can only use the free Priority Mail boxes for… Priority Mail. USPS is very strict on this rule. You won’t be able to use the boxes to ship Media Mail, First-Class, or Parcel Post. However, if in a fit of frugality you decide to use the boxes to wrap Christmas presents, you should be okay as long as no family members are undercover USPS agents!
Priority Mail is the default shipping method for many people who buy and sell on eBay. Packages normally arrive inside the 2-3 day quoted time frame, and the delivery confirmation and tracking (both free when ordering postage online) are important to a smooth transaction.
Whenever Courtney and I ship packages, whether it be through eBay or for family/friends, we almost always send them Priority Mail. So for us, we’ll eventually weed through our new shipment of free boxes!
Avoid the Post Office Altogether!
If you’re shipping a package via Priority Mail, the ability to order free boxes online means you can avoid the post office altogether! You could order the boxes, pack the item at home, print postage online, and even schedule a pickup for your outgoing shipment. That’s right: USPS will come pick up deliveries that contain at least one package that is Priority or Express Mail.
Note: Express Mail is simply the expedited version of Priority Mail. You pay significantly more, but your shipment is quoted at one business day instead of 2-3 with Priority. Express Mail requires its own special boxes, but they too are free at shop.usps.com.
I have to admit that being at the post office isn’t one of my favorite pastimes. Courtney and I will continue to sell our unneeded stuff on eBay (we also sell stuff for our extended family); the process will just no longer include any trips to the post office. Being able to go through the entire shipping process from our home office is much simpler for us!
Oh — and if you know anyone in the Indianapolis area who could use some free boxes, let me know. I have a couple extra laying around!
J.D.’s note: My family has owned a box factory for 25 years, but I never thought I’d host a box-related article at Get Rich Slowly. It’d be a shame if I didn’t mention that if you need boxes in Portland, Oregon, my cousin and brother can steer you in the right direction.
It’s a new year, but the rent vs. buy a home argument hasn’t gone away, or become any clearer. It’s always a complicated decision, with or without confusing tax changes.
At the same time, it’s a personal question with a very subjective answer, dictated by your own unique situation coupled with your locale.
In other words, this post won’t provide a simple “yes” or “no” at the end to put you at ease.
You have to do your homework and determine why it is you want to buy a home in 2018 as opposed to continuing to rent.
Buying More Affordable in 54% of Housing Markets Nationwide
Buying is still more affordable in more than half of markets nationwide
But before you get too excited
You’ll notice that most major metros aren’t more affordable
Smaller towns tend to be the ones that favor buying
Here’s what we know now, according to the 2018 Rental Affordability Report from ATTOM Data Solutions.
The median-priced home in 240 out of 447 counties nationwide is more affordable than renting a three-bedroom property.
On the surface, that sounds kind of good, maybe? But are you currently renting a three-bedroom home? Doubtful. You’re probably in a one- or two-bedroom apartment.
Secondly, where are these 240 counties where buying a home is more favorable? Well, that’s the rub.
If you look at the map above, you’ll notice a lot of giant red circles, and a scattering of smaller green ones.
As you may have guessed, the red bubbles indicate that it is better to rent than buy, while the green dots are giving you the all-clear on going for that home purchase.
Here’s the problem with that seemingly favorable slant toward renting. Very few of the counties seem to be close to major metropolitan areas.
For example, in red-hot California, there’s just one county where buying is favored over renting.
That county is Kings, otherwise known as the Hanford-Corcoran MSA. The population of this entire county is only just over 50,000, per a 2010 census. And the nearest larger cities are Visalia and Fresno.
It’s the same story in most other West Coast states, like Arizona, Oregon, Washington, and so on. You won’t find an affordable county near the major metros.
Once you travel to the Midwest, affordability gets much better and a lot of states actually favor buying over renting. And there are even some major metros where this is still the case, such as Dallas and San Antonio, TX, and St. Louis and Indianapolis.
Down in Florida, both Miami and Tampa are on the buy side of things, and the same is true in Pittsburgh, Philadelphia, and parts of Washington DC.
But ultimately, renting is cheaper than buying a home in the 14 most populated counties nationwide, along with 30 of 39 counties with a population of one million plus.
So the first thing you should do is hone in on your local housing market, instead of reading an article that talks about national home prices. The situation can be very different depending on where you live.
What’s Your Goal in Buying a Home?
Ask yourself why you want to buy a home
Is it because you genuinely need more space?
Or want to start a family and create some forced savings?
Don’t do it just because you don’t want to miss out
The second thing you need to do is assess what your goal is in buying a home. Do you want to buy a home because you need more space, want something permanent, or plan to start a family?
Or do you want to buy a home because you want to turn a profit, or simply don’t want to miss out?
If it’s the latter, it might not be the best move, though in truth, both scenarios could well play out nicely the way things are going.
Home prices have risen dramatically over the past five years since bottoming out, and are still expected to notch some decent gains in 2018 as well.
And with mortgage rates still close to bottom, it makes for a compelling buy argument. The question is how much higher can/will home prices go during this cycle before peaking and/or falling?
As I’ve said before, I believe today’s housing market is very healthy by historical measures, mainly because most homeowners have really conservative financing in place.
We’re talking 30-year fixed-rate mortgages at rates below-market, and many borrowers with lots of home equity thanks to all that recent home price appreciation.
Even many of those who were underwater in 2012 are now sitting really pretty, thanks to years of paying down the mortgage coupled with mega price gains.
Worried About Buying at the Top of the Market?
While thing might feel frothy
It’s difficult to call a market top (or a near market top)
And things can take a long time to play out regardless
Don’t try to time the market, but do your homework to ensure the price makes sense
Until financing takes a turn for the worse, perhaps to accommodate diminishing affordability, the housing market should continue to exude excellent health.
And so if you’re worried about buying a home at the top of the market, realize that it might still be years away.
Just like the bottoming of the market, which took many years to be fully realized, a top can also play out over a long, extended period of time that defies estimates and expectations. And many don’t even think we’re at that top yet.
Once we get to that top, it could be several more years beyond that for another housing crash to actually take place.
Regardless, most home buyers shouldn’t concern themselves with such things if they’re purchasing a property for the right reason, which is to position themselves in a stable living situation that also provides for forced savings and accumulated wealth.
For the record, ATTOM based the rent vs. buy decision on a median-priced home with a 3% down payment that required mortgage insurance. So the equation could change quite a bit if you come in with 20% and avoid PMI.
As noted, you need to look at your specific situation and do the math based on how you’re structuring a potential purchase.
Even if the math doesn’t favor buying, it could still make sense if you want a home of your own. There are plenty of intangibles that you simply can’t calculate.
Indiana is a hub of industry, attracting households and businesses with its vast farmlands and thriving big cities. So, it’s only natural that a variety of banks have emerged, from branches of large national banks to small local banks.
The best banks in Indiana combine minimal checking account fees with competitive rates on savings and CDs. It’s also important to look for a bank that lets you manage your account online while also getting that in-person service when you need it.
18 Best Banks in Indiana
With so many banks in Indiana, it can be tough to narrow down the options. This list can help you get started.
1. U.S. Bank
U.S. Bank is a top choice for those seeking a blend of national reach and local presence in Indiana. With eight locations in the state, U.S. Bank offers convenient access to banking services, as well as a comprehensive suite of banking products.
One standout offering is the U.S. Bank Smartly Checking account, which is currently offering a $300 sign-up bonus to new customers. This account was designed to provide customers with a simple, low-cost banking experience.
Pros:
U.S. Bank Smartly Checking account offers no monthly maintenance fees and easy mobile banking
Eight convenient branch locations in Indiana
Access to over 32,000 fee-free ATMs nationwide
Cons:
Limited physical presence compared to some larger national banks
Higher-tier checking accounts may require minimum balances or direct deposits to avoid monthly fees
2. Chase Bank
If you prefer the power of a national bank, Chase is worth considering. In addition to online and mobile banking, Chase has branches and ATMs scattered across the state. You’ll find a wide variety of banking products, including savings accounts, personal and business banking, and wealth management services.
Pros:
ATM access at more than 15,000 ATMs and 4,700 branches nationwide
Sign-up bonuses on new checking accounts
No monthly service fees with direct deposit
Cons:
Only 0.01% APY on savings
$3-$5 fee for out-of-network ATM use
3. Fifth Third Bank
Fifth Third Bank is a regional bank with branches in 11 states, including Indiana. You can find fee-free checking accounts with Fifth Third, but savings rates are less competitive than some online and local banks.
Pros:
No fees or minimum balance on Preferred Checking
Student and military accounts available
Fee-free ATM use at more than 40,000 locations
Cons:
Lower rates on savings accounts
Branch locations tend to be near larger cities
4. Chime
Chime is an online bank that offers more conveniences than usual. Your checking account not only gives you fee-free cash access at more than 60,000 ATMs, but you can deposit cash at Walgreens and 75,000+ retail locations. You can manage the rest of your account online, and you’ll get no monthly fees or overdraft charges, as well as automatic savings features.
Pros:
Deposit cash at more than 90,000 retail locations
No overdraft fees
Credit-builder credit card available with no credit check required
Cons:
No in-person customer service available
Withdrawal limits can be low
5. GO2bank
Another online-only option with cash access is GO2bank, which allows fee-free ATM transactions at 43,000 AllPoint locations. You can also deposit cash at any CVS Pharmacy, Rite Aid, Walgreens, or Walmart. Checking accounts come with no monthly fees as long as you have at least one payment deposited directly each month. Direct deposit accounts are also eligible for up to $200 in overdraft protection.
Pros:
4.50% APY on savings account
Fee-free cash access at 43,000 AllPoint ATMs nationwide
Deposit cash at CVS Pharmacy, Rite Aid, Walgreens, or Walmart locations
Cons:
No in-person customer service available
Savings APY limited to first $5,000 of balance
Direct deposit required for fee-free checking
6. First Financial Bank
One of the best banks in Indiana is First Financial Bank, an Ohio-based bank with branches throughout Indiana, as well as in Illinois and Kentucky. You’ll get all the amenities of a national bank with the exceptional customer service that comes with banking locally. Some checking account options offer discounts on loans, and you’ll get rates of up to 4.50% on CDs.
Pros:
Local branches throughout Indiana
Fee-free ATM access at 55,000+ AllPoint locations
Interactive tellers provide personal service
Cons:
$25 overdraft fee
$10 monthly maintenance fees on checking (waived with $500 balance or debit card activity)
7. First Merchants Bank
First Merchants Bank is a local bank that primarily serves Central Indiana. But you’ll find branches as far north as Fort Wayne. First Merchants Bank has been voted one of the best banks in Indiana for its attention to customer service, community focus, and mobile banking features.
First Merchants Bank has a low barrier on its fee-free checking account, letting you qualify with only a $100 balance or at least one customer-initiated transaction each statement period.
Pros:
Free checking with $100 balance or one qualifying transaction monthly
Fee-free national access at 37,000 MoneyPass ATMs
Up to 4.75% APY on 12-month CDs
Cons:
Branches limited to Northern and Central Indiana
$37 overdraft fee per transaction
8. Huntington Bank
Although it’s a regional bank, Huntington Bank is headquartered in Columbus, Ohio, so Indiana was an easy fit for its expanded service area. One of Huntington’s premiere features applies to its overdrafts.
Deposit accounts qualify for 24-Hour Grace, which allows you extra time to take action if your account goes into the negative. But if you travel, be aware that Huntington’s ATM access is limited to its service area. You’ll pay $3.50 plus third-party fees for every out-of-network ATM transaction.
Pros:
24-Hour Grace allows extra time to resolve overdrafts
Fee-free ATM access at 1,434 Huntington locations
In-person service at branches throughout the service area
Cons:
$3.50 fee for out-of-network ATM transactions
Low savings account rates
9. CIT Bank
You won’t find local branches or ATMs, but CIT Bank is a great option for building savings. CIT’s Platinum Savings account offers up to 4.75% APY, and they have a no-penalty CD with rates as high as 4.80%.
Their eChecking product is impressive, as well, with no monthly maintenance fees and up to 0.25% APY on your balance. You can withdraw cash at any ATM and CIT will refund up to $30 in fees every month.
Pros:
Interest rates of up to 4.75% on savings
Great rates on no-penalty CDs
Up to $30 a month in ATM fee refunds
Cons:
No branches
No in-network ATMs
10. Centier Bank
Centier Bank is another local option considered one of the best banks in Indiana. Although it’s local, it’s certainly not small. In fact, it’s the largest family-owned bank in the state.
You’ll find branches from Fort Wayne to Indianapolis, as well as ATMs nationwide through the AllPoint and Publix Presto! networks. Savings rates pay as high as 5.00% APY when you connect your checking to your savings account.
Pros:
Up to 5.00% APY on savings account
Low monthly fees on checking accounts
Fee-free access to Centier, AllPoint, and Presto! ATMs
Cons:
$100 savings balance required to earn APY
$50 minimum opening balance
11. BMO Harris Bank
Indiana residents have access to BMO Harris Bank, a regional bank that also services Illinois, Arizona, Missouri, Minnesota, Kansas, Florida, and Wisconsin. You’ll find branches and ATMs across the state, with a heavy concentration in Indianapolis and Gary.
The savings account only offers 1.00% APY, but BMO’s CD rates are competitive, paying up to 4.50% APY. Currently, new BMO Harris customers can earn a $200 cash bonus on basic checking accounts and a $350 bonus on high-balance checking.
Pros:
Fee-free checking accounts
Fee-free access to more than 43,000 AllPoint ATMs
$200-$350 cash bonus for new customers
Cons:
Only 1.00% APY on savings account
$25 minimum opening deposit
12. 1st Source Bank
1st Source Bank is set up to serve banking customers in Northern Indiana and Southwestern Michigan, but it has a small presence in Florida as well. If you regularly travel and need cash, 1st Source Bank might not be the best option, as ATMs are limited to its service area. 1st Source will refund up to four ATM fees on their end each year, but you’ll still pay third-party ATM fees.
Pros:
Student checking option available
Offers Health Savings Accounts
Variety of loan options
Cons:
Branches are limited to Northern Indiana
Rates on CDs aren’t competitive
ATMs limited to Northern Indiana and Southwestern Michigan
13. Ally Bank
Another online and mobile banking option is Ally, which has an interest-bearing checking account that currently pays 0.25% APY and has no fees. You can withdraw cash at more than 43,000 AllPoint ATMs nationwide, and if you can’t find an AllPoint ATM nearby, Ally will reimburse up to $10 per statement cycle for out-of-network ATMs.
However, the best thing about Ally is its rates on savings accounts and CDs. Currently, Ally is offering up to 4.80% on CDs and up to 3.75% on your savings account.
Pros:
Great rates on CDs and savings
Fee-free access to more than 43,000 AllPoint ATMs
No fees or minimum balance requirements
Cons:
No physical branches
No cash deposit option
14. Old National Bank
With branches across Indiana, as well as in Michigan, Wisconsin, Minnesota, Kentucky and Illinois, Old National Bank is a great brick-and-mortar option. Although it’s a regional bank, Old National Bank has plenty of amenities found with national banks, including a full-featured mobile app and cash deposits at select ATMs.
Pros:
Some Old National ATMs accept cash deposits
Fee-free cash withdrawals at Old National and AllPoint ATMs nationwide
Student checking accounts available
Cons:
Savings account rates lower than some competitors
Direct deposits or minimum balance required for free checking accounts
15. First Bank
For Indiana’s small business owners, First Bank is a great local Indiana bank. First Bank serves Indiana and Illinois businesses with online and mobile banking options to help you manage everything.
You’ll find a variety of financial products for small business customers, including business loans, equipment financing, and cash management tools. One downside, though, is that it’s a completely online branch, but you’ll get fee-free cash access at more than 40,000 MoneyPass ATMs nationwide.
Pros:
No-fee checking options available
Great rates on business and equipment loans
Fee-free ATM use at 40,000+ MoneyPass locations
Cons:
No local branches
Only serves Evansville, Haubstadt, Mount Vernon, Poseyville, Princeton, and Vincennes businesses
16. Regions Bank
One of many regional banks with a heavy Indiana bank presence is Regions Bank. You’ll find branches throughout Indiana, as well as in Alabama, Arkansas, Florida, Georgia, Illinois, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas.
Regions Bank’s checking account lacks the amenities of some online-only and national banks, with a $1,500 balance required to eliminate the monthly maintenance fees.
Pros:
Earn rewards on savings and checking through Regions Cashback Rewards
User-friendly mobile banking experience
24/7 customer support
Cons:
$1,500 balance to qualify for free checking
Branches limited to service area
$3 transaction fee for non-Regions ATM
17. Community First Bank of Indiana
If wealth management services are your top priority, consider Community First Bank of Indiana, which offers financial assistance through a dedicated investment services team.
In addition to wealth management services, Community First Bank offers the personalized customer service that’s typical of a local bank. But if you regularly travel outside the area, note that Community First has no nationwide ATM network.
Pros:
Community focus with great customer service
Fee-free checking accounts
Dedicated investment support team available
Cons:
Only seven branch locations
Fee-free ATMs limited to seven branch locations
18. Bank of America
There are benefits to a national bank like Bank of America. Like most national banks, you’ll find branches and ATMs throughout Indiana, but with Bank of America, this is found in towns throughout the country. Bank of America also offers better-than-average rates on home equity loans and auto loans.
Pros:
Automatic savings options
Earn rewards with debit card
Large ATM and branch presence nationwide
Cons:
Minimum balance or direct deposit required for free checking account
Low interest rates on savings
Life can be busy. Managing your financial life can be much easier if you find a bank that fits your needs. Whether it’s a fee-free checking account or help to build your retirement accounts, the right bank can make all the difference.
Finding the Best Banks in Indiana
Whether you’re in the market for a personal checking account or business banking options, there are plenty of FDIC-insured banks in the state. To help you narrow down your options, here are some questions to ask yourself.
How often do you visit your bank right now?
As you’re browsing a list of banks in Indiana, you probably know right away which ones have branches near you. Are you the type of person who visits your local branch frequently? Even the best checking accounts won’t benefit you if you prefer that in-person experience and your new bank doesn’t offer it.
How well do you handle online communication?
Some online, national, and regional banks offer customer service via text chat, video chat, or telephone. If this is sufficient, you’ll likely find your options up open considerably. You may choose an online bank for your checking account while you go with a bank that has a local branch for personal loans.
How often do you need cash?
Some of the smaller banks in Indiana fall short when it comes to ATM access. Having a no-fee checking account but paying $30 monthly in out-of-network ATM fees isn’t ideal. You may be better off going with a bank that charges fees, but gives you fee-free access to cash when you need it.
For some, it’s the smell of freshly cut grass and the brush of leaves in the breeze, creating an escape from daily stressors. For others, it’s a competitive arena where precision skills are honed. It’s where business is sealed with a handshake, lifelong friendships are forged, wagers are won—and drinking is not only permitted, but encouraged.
It’s been called “a good walk spoiled” (Mark Twain), “the most fun you can have without taking your clothes off” (Chi Chi Rodriguez), and “an endless series of tragedies obscured by the occasional miracle” (many, many folks).
If the allure of golf has you in its grip, as it does for so many, perhaps you’ve entertained the fantasy of living near a golf course. Affordable real estate with great proximity to a course might sound too good to be true, like hitting a hole-in-one with your first swing of the day (or ever). But we’re here to correct that notion.
The data team at Realtor.com® found the places in the U.S. that have the best balance of great access to golf courses, relatively affordable real estate, and weather best suited for days on the greens. Some of these towns you’ve surely heard of and might assume come with a high price. Others are hidden gems you might not have thought of as great golf markets.
Whether you’re a near pro, a weekend duffer, or someone who just likes the idea of living near a course, you might just find your dream home on the green. Even if you’re not a golfer, these cities offer a lot to appreciate, from excellent weather to a high quality of life.
“In most residential golf communities, it’s only about a quarter of residents who are active golfers,” says Brad Klein, a golf course design consultant and golf journalist. “So what that tells you is that a lot of people are drawn to the golf community, even if they don’t play golf.”
Most golf communities draw a highly diverse group of homebuyers who nonetheless share certain bonds: They’re physically active and crave regular social interaction, says Klein.
“If you have golf, you probably also have pickle ball, swimming, platform tennis, a gym, and a social center at the local clubhouse,” he says. “Even if you don’t play, you have all kinds of options living near this sort of community.”
The cities on our list aren’t just golf havens. Many are also places with a high quality of life, where a cost of living below the national average makes them affordable not just in terms of real estate, but also in terms of everyday expenses.
We found these places by first rounding up all the real estate listings on Realtor.com from the past year within a 10-minute drive (in normal conditions) from one or more of the 6,445 public and private golf courses in the nation that we were able to map out. Then we aggregated home price data for those listings by city.
Then we factored in the number of golf courses clustered in those areas and weighed the climate and weather patterns—favoring places with more warm days to hit the links. Finally, we selected just one place per state, to ensure geographic diversity. (Otherwise, the list would be mostly Florida towns, along with some Mississippi locations and a couple of spots in Arizona.)
Let’s tee off into our top 10 locations for finding affordable homes near a golf course.
Nearby golf courses: 28 Median list price* for homes near golf courses: $299,900
Sun City, known for decades as a golf lover’s dream community, has year-round golf weather, a staggering number of nearby courses, and real estate that’s priced about 9% below the national average, vaulting it to the top of our list.
Now, this does come with a caveat: Generally, residents must be aged 55 and up, because this planned community on the northwest corner of the Phoenix metro area is aimed at retirees. The rules for who can live there are a bit complicated, so be sure to read up on the details.
This desert oasis has been drawing golf-minded retirees since it was established in 1960. Sun City was the first active retirement community in the United States, and it earned its pioneering developer, Del Webb, a place on the cover of Time magazine in 1962.
“What’s most impressive about it is how difficult it was to get golf courses out there with so little water,” says golf expert Klein. “The course superintendents getting grass to grow out there, on decomposing granite in the middle of the desert, is just amazing. People must have thought they were crazy.”
The Sun City South Golf Course is one of the most well known of the 28 golf courses in the area.
This 1,700-square-foot, two-bedroom home that backs up to the course is listed for $325,000.
Nearby golf courses: 12 Median list price for homes near golf courses: $245,000
Situated on the edge of the Atlantic Ocean, a little north of Fort Lauderdale, and just south of Boca Raton, Deerfield Beach has great access to golf courses and the shore. (See our annual affordable beach towns list, in case that also strikes your interest.)
The median home price for Deerfield Beach listings within 10 minutes of a golf course is $245,000, far below the national median of around $430,000. That’s because the vast majority of listings are cheaper condos and townhomes under 1,000 square feet.
The climate in Deerfield Beach is classified as a tropical rainforest, with warm, wet summers and mild, dry winters, making it an ideal location for all kinds of outdoor activities year-round.
“I was just in Deerfield Beach,” says Beth Daly, a real estate agent at Re/Max Experience in Fort Lauderdale. “We had the bluest sky, and the ocean was like a glass of water you could see all the way to the bottom.”
Daly says she frequently hears about the golf culture that buyers—especially out-of-towners—are looking for.
“I just had some golfers from Buffalo Grove, outside of Chicago,” Daly says, “They wanted a full-service club to live near, and they had plenty of options to choose from.”
Nearby golf courses: 11 Median list price for homes near golf courses: $215,000
Biloxi is a city that we see often when we look for affordable housing markets with standout quality-of-life features. Homes here are very inexpensive, at just about half of the national median list price.
And the Gulf coast climate means you golfers can hit the links just about anytime of the year. And when taking a day off from playing golf, residents here can enjoy the Biloxi beaches, with the neighboring Gulfport leading our most affordable beach towns list.
This three-bedroom, 2.5-bathroom house on a third of an acre, for $324,900, is near the Sunkist Country Club’s championship 18-hole course.
Nearby golf courses: 11 Median list price for homes near golf courses: $319,000
One of the most iconic Southern cities takes a top spot on our list, with year-round golf weather, homes priced about 25% below the national median, and plenty of opportunities to hit the fairways. The coastal, Gothic city is also known for its antebellum architecture and arts and culture scene.
The whole southeastern Atlantic seaboard is thick with golf culture and an abundance of world-class courses.
“Savannah, and the areas north into the Charleston area—where we hear it called ‘Lowcountry’ golf—is really popular right now,” says Tom Coyne, a New York Times bestselling golf author. “There’s so much more to this area than just the buddy trip for one or two rounds.”
But it’s not just exclusive or high-priced courses that people should think of in the area.
“There’s a sneaky-good public golf course in Savannah, called Bacon Park, which is just really charming and very affordable, and I believe it was designed by Donald Ross [we checked, and it was], a famous golf course tech,” Coyne says. “To be able to play a Donald Ross course for whatever the greens fee is there, it’s just awesome.”
Home shoppers can find a three-bedroom home about a half-mile from the Bacon Park Golf Course for $328,000.
Nearby golf courses: 7 Median list price for homes near golf courses: $194,900
Mobile, located on the Mobile Bay spilling out into the Gulf of Mexico, has the most affordable golf-proximate real estate on our list. Home prices here are less than half the national median of $430,000 in April. And while the home prices aren’t high, the area is rich with golf history.
“Alabama is known for the Robert Trent Jones Golf Trail, where they have a literal trail of courses designed by the great Robert Trent Jones,” Coyne says. The famous golf course architect designed more than 500 courses between the 1930s and the 1990s.
Mobile and the surrounding areas have a subtropical climate, which means lots of rainfall, so it’s no wonder the area has been a center of golf culture since early in the 20th century.
Nearby golf courses: 22 Median list price for homes near golf courses: $290,000
The first thing golf expert Klein asked when he heard about our list: “Do you have Myrtle Beach on the list?”
Myrtle Beach has been referred to as “The Golf Capital of the World” due to the sheer number of courses and the rich golf history in the area. The economy in this oceanfront South Carolina city is driven in large part by the vibrant tourism industry, which is mostly centered on the attraction of the area’s world-class golf courses as well as its amusement parks and famed beach.
Boasting courses from the Pine Lake Country Club to TPC Myrtle Beach, this popular vacation spot is practically synonymous with the sport.
Plus, with home prices per square foot not too far from the national median figure, this golfer’s dream is not just for the well-heeled. And with a population just topping 35,000, Myrtle Beach is the smallest of places on our list, which adds to the homey feel.
For less than $100,000, golfers on a budget can find a two-bedroom condo that’s walking distance from the famous Pine Lakes Country Club.
Nearby golf courses: 13 Median list price for homes near golf courses: $569,900
About an hour east of Los Angeles, in the center of the San Bernardino Valley, you’ll find Riverside. It’s the namesake of Riverside County and the most populous city in what’s called the Inland Empire—a broad swath of Southern California’s noncoastal desert region.
With year-round golfing weather and access to more than a dozen courses within 10 minutes, Riverside has the best combo of prices, nearby golfing, and climate in the Golden State.
To be sure, Riverside is the most expensive place on our list, with homes priced more than 30% above the national average, and even more per square foot. But, in the context of California’s real estate prices, Riverside is cheap. It’s around 20% less expensive than the California average and 40% less expensive than neighboring Los Angeles.
Those looking for a place near downtown Riverside but also close to a golf course might want to look at the Jurupa Hills Country Club, where buyers can find a three-bedroom home near the greens for $455,000.
Nearby golf courses: 35 Median list price for homes near golf courses: $229,000
The last three cities on our list are all in the Midwest, where homes have historically been more affordable than in other parts of the country. In Indianapolis, the capital of Indiana, homes within 10 minutes of a golf course are still 40% less expensive than the national average. And there are a surprising number of golf courses in this region.
Midwestern winters can be brutal, but the average monthly temperature is still above 50 degrees Fahrenheit for more than half of the year. While that might mean residents consider golf more of a seasonal pastime in these final three cities, the prices are less than half of what you would find in a city like Riverside, CA.
One of the most notable Indianapolis courses is built into the site of the Indianapolis 500, mixing golf with another of the town’s iconic draws.
Saddlebrook Golf Club is one of the closest to downtown Indianapolis, and for just shy of $230,000, home shoppers can get a three-bedroom home on a quarter-acre about 1,000 feet from the course.
Nearby golf courses: 26 Median list price for homes near golf courses: $239,900
Cincinnati, located on the Ohio River, boasts low home prices—and low-cost opportunities to play golf on a good public course.
“It’s so much more affordable than golfing in a place like New York or Chicago or L.A.,” says Klein of playing in smaller Midwestern cities.
Moreover, the Rust Belt city has an indelible golf tradition, in part due to the golf royalty from the area.
“In Ohio, you have a great golf history,” says Coyne. “Anyone who’s done anything big in the sport of golf has left a stamp in Ohio. And Jack Nicklaus hails from Columbus, so there’s got to be something good going on in Ohio.”
The Camargo Club, on the northeastern end of the Cincinnati area, has been ranked one of the best in the state. While the homes nearest to the course include custom-built, multimillion-dollar mansions, a three-bedroom home can be found about five minutes away for just under $280,000.
Nearby golf courses: 23 Median list price for homes near golf courses: $249,950
Golf might not be the first thing that comes to mind when you think about Omaha, Nebraska’s largest city located on the Missouri River. The city is home to several Fortune 500 companies, including Warren Buffett’s Berkshire Hathaway. It also boasts one of the best zoos and aquariums in the world.
But there are many options in Omaha for those looking for a home near a golf course, says Chris Bauer, a local Realtor at Berkshire Hathaway HomeServices. He’s found buyers are looking for either a more affordable option, usually near a public golf course, or access to pricier private clubs.
“Those are two different sets of buyers,” he says. “For the avid golfers who would only buy on a private course, you have Shadow Ridge, Deer Creek, Happy Hollow, or the Omaha Country Club.”
And for those looking for somewhere to live near a public course: “Pacific Springs, The Knolls, or Johnny Goodman. Those are all popular. There’s a wide spectrum here,” he says.
Watch: The Best Cities in the U.S. for Home Sellers Right Now
* Median list prices are from the last year on Realtor.com.
It’s almost mid-December, which means it is time for another round of mortgage and real estate predictions for the upcoming year.
I think it’s safe to say that 2021 has been another stellar year for both the mortgage industry and the housing market.
But it’s going to be hard to top or even match what we’ve experienced this year in terms of mortgage origination volume and home price gains.
However, the party might not be over yet, with additional home price gains on the horizon due to similar factors in play.
Let’s see what 2022 might have in store as we once again look into the crystal ball.
1. Mortgage rates will go up, but only slightly.
Experts have been calling this for years to no avail. We have been told year in and year out that the low mortgage rates are leaving the station.
But year after year, they remain. In 2022, I do expect them to rise somewhat, but not by a meaningful amount.
Sure, your 30-year fixed rate may go from 3% to 3.5%, but that’s not a huge jump. And any 30-year fixed in the 3s is generally very favorable.
It will put pressure on prospective home buyers who also have to grapple with rising home prices and a lack of inventory.
And it will certainly dent mortgage refinance demand, as most existing homeowners have already locked in a lower rate.
However, as I said in my 2022 mortgage rate predictions post, there will likely be opportunities during the year to snag a very low mortgage rate.
Why? Because the economy continues to be a bit of a mess and we’re still sorting out COVID. Until we put that stuff behind us, interest rates could swing in both directions.
2. Home prices will continue to rise a lot
Don’t be fooled by the old mortgage rates up, home prices down fallacy. There’s not a negative correlation, despite what everyone plainly assumes.
Both can go up at the same time, and that’s exactly what I expect to happen in 2022. Granted, mortgage rates will probably only rise slightly, while home prices will continue to surge.
For some reason, a new year gives folks new hope that a trend will simply come to an end.
But why would home prices just stop going up because it’s a new calendar year? The answer is they won’t.
As I’ve said before, the same fundamentals that have been at play for some time, continue to be in play.
There’s a severe lack of inventory and a surplus of would-be home buyers out there. It doesn’t take a genius to figure out what happens with prices.
When there’s a shortage of something people want/need, a premium must be paid until production ramps up.
Unfortunately, production (new home building) is still way behind and won’t catch up for a while.
In the meantime, expect more of the same, and higher 2022 home prices across the board.
The only difference is that estimates are all over the place, with some calling for just a 2.5% increase (CoreLogic) and others saying 11% (Zillow) or even 16% (Goldman Sachs) .
Personally, I’m bullish and going with the higher figures out there, but recognize gains will probably be lower in 2022 than they were this year.
3. Cash out refinances will finally get hot
Housing pundits have been talking about the massive pile of collective home equity we’ve been sitting on for years now.
And it has only grown even larger since then, with equity levels the highest on record.
In short, American homeowners have a ton of equity in their properties that is ripe for tapping via a cash out refinance or a second mortgage, such as a HELOC.
But we have yet to see a massive cash out boom like the one experienced in the early 2000s housing market.
I expect cash out refis and HELOCs to have their day in the sun in 2022 as more and more homeowners realize how much their properties have appreciated.
Per Freddie Mac, about 42% of refinances resulted in cash out this year, which is up a bit from prior years, but nowhere close to the 80%+ share seen in 2006 and 2007.
Despite slightly higher mortgage rates, it may still be worth unlocking this valuable equity to pay for upgrades, college tuition, and other expenses.
After all, a 3% 30-year fixed rate is still phenomenal, and many homeowners can take out a large sum of money while keeping their loan-to-value (LTV) ratio very low.
And you can expect mortgage lenders to aggressively pitch this product now that rate and term refinances have mostly been exhausted.
4. The bidding wars will remain (and may even worsen)
It won’t get any easier buying a home next year. Even if mortgage rates are slightly higher, this won’t “bring prices down to earth.”
I keep hearing that line and it just doesn’t make any sense. Financing has never been the problem here. It’s always been a lack of supply.
And there will continue to be a lack of supply well into 2022, so why should competition be any less?
If anything, I could see more desperation fueled by these expected higher interest rates as buyers won’t want to miss out on their low rate too.
If you think about the last few years, at least mortgage rates were rock bottom. Now that you’ve got to worry about a rising rate and finding a home, the panic could be even more pronounced.
As always, prepare yourself adequately, start looking for a home immediately, and be aggressive if you want to win the bidding war.
Oh, and make sure you use an experienced real estate agent who knows how to get the job done.
5. Home sales volume will be flat or even lower next year
While Redfin believes new listings will hit a 10-year high next year, I’m not so sure.
As much as there is motivation to sell a home due to sky-high asking prices, there remains the dilemma of where to go next.
Sure, you might be able to move to a different state, but those “cheap states” aren’t so cheap anymore.
At the same time, supply chain issues and a lack of workers is making it hard for home builders to ramp up supply of new homes.
Collectively, this will make it difficult for home sales to increase next year, as much as we all want to make a mint selling our homes.
This also reinforces the idea that home prices will continue to go up, and that the housing market will remain super competitive.
That being said, it will be a very lively housing market in 2022, just not one that necessarily sees a lot of growth.
6. Home buyers will continue to flock to new states
Yes, the cheap states aren’t so cheap anymore. But that won’t stop people from getting out of town.
Many young, prospective home buyers have been priced out of their local markets in California and other hot spots.
This, combined with the work-from-home new normal (sprinkle in some politics), will fuel a continuation of migration seen in recent years.
This means more folks from the Golden State will make the move to nearby states such as Arizona, Idaho, Nevada, Texas, and Utah.
While more affordable for them, it will exacerbate those local markets and make them more expensive for the people who already rent there.
Some of the hottest housing markets of 2022 include Salt Lake City, Utah, Boise, Idaho, Spokane, Washington, Indianapolis, Indiana, and Columbus, Ohio.
Basically any metropolitan area that was/is considered cheap and desirable will be less so next year as the out-of-state home buyers storm in.
So no matter where you happen to be, expect a fierce seller’s market.
7. First-time home buyers will purchase a second home or investment property (first)
This is an interesting one that I’m borrowing from Zillow because it’s seemingly odd, yet kind of savvy. And so 2021 and beyond.
Typically, a first-time home buyer will purchase a home to live in nearby where they work.
But because the real estate market is so hot and in such short supply, high-earning, cash-rich Millennials and Gen Zers may actually buy a second home or investment property instead.
The thinking is that they can get in on the real estate market by making an investment, even if it’s not in their overpriced backyard.
For example, a well-earning Gen Zer who lives in Santa Monica that may be priced out there could purchase a more affordable second home in Phoenix, Arizona, or an investment property in Las Vegas, Nevada.
Of course, this isn’t necessarily for the faint of heart, and this is exactly the type of thing that leads to trouble down the road.
But as long as mortgage lenders don’t get too careless with underwriting standards, it doesn’t signal the start of a housing crisis.
It does tell you just how crazy real estate has gotten though.
8. Home buyers will return to the city
While the suburbs have been hot in our post-COVID-19 world, I do believe more buyers will start to consider the city life again.
We will get through this pandemic, and once life returns to mostly normal, lots of folks will wish they owned in an urban center.
Prices in many once-hot areas close to lots of cool restaurants, bars, etc. have been deflated, but I expect that to reverse course in 2022.
The urban living trend isn’t going to disappear, even if more people work from home, or desire abundant outdoor space.
So look out for condo prices to see more price gains in 2022 and beyond, and play catch up with single-family residence gains.
There’s already proof in data here – Redfin noted that users filtered searches to single-family homes only (excluding condos/townhomes) in just 28% of searches in September.
That was down from a high of 37% in July 2020, when living in a city seemed unthinkable.
Condos also tend to appreciate the most at the tail end of a housing boom, which we could be approaching, so it all kind of makes sense.
9. There will be more layoffs, closures, and mergers
While there is some hope that cash out refis and home purchase loans will keep mortgage volumes afloat, it won’t be enough for all mortgage lenders out there.
For example, Freddie Mac is forecasting $2.1 trillion in home purchase origination in 2022, up from $1.9 trillion this year.
But also expects refinance origination volume to fall from $2.5 trillion to $995 billion. That’s gonna be a problem for the shops that specialize in refinances.
Ultimately, total volume dropping from $4.5 billion to $3 billion will be an issue and there’s no way around it.
As a result, you can expect more mortgage layoffs, similar to the Better.com layoffs, along with some outright closures.
I also believe there will be more consolidation in the fragmented mortgage market, with bigger banks and lenders swallowing up smaller ones.
10. The housing market won’t crash in 2022
I already said home prices will go up, but I’ll reiterate that the housing market won’t crash in 2022, either.
There is a large group of people who believe the housing market is due for a correction, mostly just because home prices have gone up a ton.
Sure, it’s easy to raise eyebrows these days when looking up what your house is worth, or your neighbor’s.
But that alone isn’t enough to make them reverse course, especially when there is a continued, historic lack of supply.
Additionally, mortgage lenders have yet to return to the loose underwriting that dominated the space in the early 2000s, and ultimately created the mortgage crisis.
For me, that means another year of strong housing appreciation, and another year without a housing market crash.
At the same time, it does mean we will be one year closer to a crash, which as history tells us, is inevitable.
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Saving for a comfortable retirement doesn’t have to mean a radical lifestyle makeover.
December 11, 2017
How much should millennials save for retirement (especially without giving up beloved treats, like avocado toast at your favorite brunch spot)? That’s the $1 million question and, if you’re a millennial, you’re probably looking for a hint so you can get your finances into shape.
Ultimately, how millennials should save for retirement depends on their income, debt, long-term financial goals and what options they have for stashing money away for the future. Even if it seems way too far off to worry about, numbers don’t lie: The earlier you start saving, the smaller are the amounts you have to sock away at any one time, and the more you will ultimately have when it comes time to kick back in retirement.
Still, 46 percent of millennials say they can’t afford to invest for the future, including by putting money into a retirement account, according to a Bankrate survey. Another survey, also conducted by Bankrate, found that millennials are not saving any money at all (or they’re not saving more than 10 percent of their income).
If you’re struggling to find the cash to save and running into obstacles to millennials saving for retirement, don’t fret. With simple changes, it’s possible to get your savings on track without committing to a total lifestyle makeover (you can still order that avocado toast this weekend). Here’s how:
1. Strike a balance between student debt and savings
Student loan debt is one of the biggest obstacles to millennials saving for retirement. The average student loan debt for graduates from the class of 2018 was $29,200, according to Bankrate. That’s a 2 percent increase from the year prior.
The interest rate on your loans is a huge factor when deciding how much should millennials save for retirement, says Michael Lux, an Indianapolis-based attorney and the founder of a website dedicated to student loan education, strategy and borrower advocacy.
“If you have a student loan with a 3.00% interest rate, it makes sense to invest in retirement rather than aggressively paying down the debt,” Lux says. “However, if you have high interest rates on your student loans, money used to pay down the debt will go much further than many investments.” So if your loans carry a higher rate than what your investments are earning before taxes, you may get more bang for your buck by accelerating your debt payoff.
While you can’t wave a magic wand to get rid of your loans, you can sometimes find a way to make them less taxing on your wallet. Consolidating or refinancing your loans at a lower rate could offer savings by potentially reducing your monthly payment or interest rate. If you’re able to lower your payment without stretching out the loan term, you could use the extra money to start compounding your savings for retirement.
2. Track your spending
Keeping tabs on spending can go a long way toward overcoming the obstacles to millennials saving for retirement.
Kevin Michels, CFP®, says having a clear understanding of your cash flow can help you find the money to save.
Using a financial app can take the hassle out of tracking your spending. These apps link with your checking and credit card accounts to record your purchases so you can see at a glance where your dollars and cents are going.
Michels says once you understand what your current financial picture looks like, you can aim to improve it. This can help answer the question of how much should millennials save for retirement.
“Can you cut out unnecessary expenses or increase your income with a side hustle?” he says, suggesting gigs like freelancing, moonlighting as a ride-sharing driver or hiring out your services via online marketplaces that connect consumers with people willing to lend a hand with everyday tasks. “Figure out exactly how much you can add in surplus each month to go toward saving for retirement.”
Once you’ve added income where you can, and if you feel like you still want to trim your expenses, taking a closer look at your discretionary spending might reveal some easy ways to save on everyday expenses. If you pay for a monthly gym membership, for example, perhaps you could change up your workout routine and start running or do yoga at home instead. If you go out to eat regularly with friends, consider swapping a night out for a potluck dinner or an at-home Sunday brunch—avocado toast and all—to save cash. Finding money for retirement doesn’t mean giving up fun completely. You may just need some new ways to approach it. This could help eliminate obstacles to millennials saving for retirement.
3. Cash in on your employer’s retirement plan
Figuring out how millennials should save for retirement begins with understanding the options. If you have access to a retirement plan at work, that’s a great place to start, says Jake Serfas, lead financial strategist at a financial planning firm in Washington, D.C.
“A 401(k) offered through your employer can be your biggest tool in terms of saving money and preparing for retirement,” he says. Contributions to a 401(k) are deducted from your taxable income, potentially reducing your tax liability for the year. And you can use a 401(k) to grow your retirement savings faster if your employer offers a matching contribution. Not capitalizing on your employer’s 401(k) plan is actually a common retirement savings mistake.
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So how much should millennials save for retirement in their employer’s plan? Serfas says you should at least be saving enough to get the match, if there is one. Matching formulas can vary, but one common match is dollar-for-dollar on the first 6 percent of employee contributions. When you don’t chip in enough to get the match, you’re leaving money on the table.
But what if you don’t have a 401(k) at work? In that case, you could open an IRA. A Discover IRA CD, for instance, offers competitive rates at fixed terms. Both 401(k)s and IRAs offer millennials a tax-advantaged way to save for retirement.
4. Don’t be afraid to start small
Getting past the obstacles to millennials saving for retirement sometimes means having to work on a small scale to achieve your big-picture goal.
Michael Banks, founder of a personal finance and investing blog, says to answer the question of how much should millennials save for retirement, you need to have the right perspective.
“There’s no minimum amount required to start saving for retirement,” Banks says. “Even $20 a month is good, if you invest it in the right places.” Banks suggests micro savings apps, which allow you to invest your spare change in various diversified investments. Banks says the convenience of being able to track your investments from a mobile device may be especially appealing to on-the-go millennials.
“The amount you’re saving isn’t what’s important,” Banks says. “What matters most is saving consistently, early and often.”
If you’re starting your retirement plan from scratch, the Discover IRA Savings Account might be a good option. With no minimum balance to open, this account allows flexible contributions to fit any budget.
Set goals to avoid obstacles to millennials saving for retirement
The question of how millennials should save for retirement doesn’t have a one-size-fits-all answer. Setting goals based on where you are financially can help you reach your retirement savings objective. Making small changes can help you keep the ball moving toward your ultimate goal of a comfortable retirement without feeling overwhelmed.
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Indianapolis can be a great place to live for those who value a vibrant downtown, a big small-town atmosphere, and a four-season climate. However, like any city, Indianapolis has its pros and cons that should be considered before making the decision to move there. Some of the pros of living in Indianapolis include a strong sports culture, easy transportation, and proximity to other major cities. On the other hand, some of the cons of living in Indianapolis include challenging winters, traffic, and a flat landscape. Ultimately, the decision to live in Indianapolis will depend on individual preferences. So, whether you’re looking on Redfin to rent an apartment in Indianapolis or purchase a home in the area, keep reading to see if Indianapolis is the right place for you.
Pros of living in Indianapolis
1. Vibrant downtown
Downtown Indianapolis is home to a variety of attractions, restaurants, and entertainment venues. The area is known for its vibrant nightlife, with numerous bars, clubs, and music venues that cater to a wide range of tastes. Additionally, downtown Indianapolis is home to a number of major sports and event venues, including Lucas Oil Stadium, Gainbridge Fieldhouse, and Victory Field. The area also boasts a number of popular tourist attractions, such as the Indianapolis Zoo, the Eiteljorg Museum of American Indians and Western Art, and the Indiana State Museum.
2. Sports culture
Indianapolis has a rich sports culture and is known for hosting several major sporting events throughout the year. The city is home to professional sports teams such as the NFL’s Indianapolis Colts, the NBA’s Indiana Pacers, the WNBAs Indiana Fever, and minor league baseball team the Indianapolis Indians. In addition to these teams, Indianapolis is also known for hosting the world-famous Indianapolis 500 at the Indianapolis Motor Speedway each year. The city is also home to the NCAA headquarters and hosts the NCAA basketball tournament each year, drawing thousands of visitors from all over the country. With such a strong presence in the world of sports, Indianapolis is a great place for sports enthusiasts to call home.
3. Easy transportation
Indianapolis has a fairly well-developed public transportation system, with several options for getting around the city. The city has a bus system, known as IndyGo, which covers most major areas of the city and has over thirty different bus routes. Additionally, Indianapolis has a Bus Rapid Transit (BRT) system, known as the IndyGo Red Line, which runs from Broad Ripple to the University of Indianapolis. With a bike score of 43, Indianapolis has an extensive network of bike lanes and trails throughout the city, making it easy to get around on two wheels. Finally, the city is also easily accessible by car, with several major highways and interstates running through the area.
4. Proximity to other major cities
One of the advantages of living in Indianapolis is its proximity to other major cities in the Midwest. Located in the heart of Indiana, Indianapolis is within easy driving distance of several other major cities, including Chicago, Cincinnati, and Louisville. Chicago is just about a three-hour drive away, Cincinnati is located around two hours south of Indianapolis, and Louisville is around a two hour drive southeast. Being located so close to these other major cities means that Indianapolis residents have easy access to a wide variety of cultural attractions, entertainment venues, and opportunities outside of their own city.
5. Big, small-town vibe
Despite being a major city, Indianapolis maintains a “big, small-town” atmosphere that many residents appreciate. The city is known for its friendly and welcoming community, with a strong sense of Midwestern hospitality. The downtown area is walkable and easy to navigate and many neighborhoods have a cozy, small-town feel. Additionally, the city is known for its tight-knit neighborhoods, with residents often organizing community events and festivals. Some festivals in Indianapolis to check out include the Feast of Lanterns, 500 Festival, and Talbot Street Art Fair.
6. All four seasons
Indianapolis experiences all four seasons, making it an ideal location for those who enjoy a variety of weather conditions throughout the year. In the summer months, temperatures can reach into the 90s F°, with high humidity levels, making it a great time to enjoy water activities. Fall brings cooler temperatures and beautiful foliage, with vibrant reds, oranges, and yellows covering the city’s trees. Winter in Indianapolis can be cold and snowy, with temperatures often dipping below freezing and several inches of snowfall each year lend for perfect winter sports. Finally, spring brings milder temperatures with blossoming flowers and greenery returning to the city’s parks and neighborhoods.
Cons of living in Indianapolis
7. Challenging winters
While Indianapolis experiences all four seasons, the winter months can be particularly challenging for residents. Temperatures often dip below freezing, with wind chills making it feel even colder. Snowfall can be significant, with several inches of accumulation common throughout the season, making driving and walking on sidewalks difficult. Despite these challenges, many residents of Indianapolis embrace the winter months and enjoy outdoor activities such as ice skating, sledding, and skiing.
8. Flat landscape
If you enjoy a varied or hilly landscape , Indianapolis may not be for you. The city is largely flat and lacks natural features of other cities, such as mountains or oceans. Additionally, the city’s architecture is largely utilitarian, with a focus on functionality over aesthetics. While there are certainly beautiful neighborhoods and buildings in Indianapolis, some may find the overall landscape to be less visually interesting than other cities.
9. Lack of outdoor recreational opportunities
While Indianapolis offers a variety of outdoor recreational opportunities, some may find that the city lacks the expansive natural areas found in other cities. The city’s parks are generally smaller and the surrounding area is largely agricultural, with few opportunities for hiking, camping, or rock climbing. However, the city does have several beautiful trails, including the Monon Trail and the Indianapolis Cultural Trail. Additionally, the city is within driving distance of several state and national parks, including the Hoosier National Forest and the Mammoth Cave National Park.