Fall Creek Place

Fall Creek Place is proof that a neighborhood can be rebuilt and still feel authentic. In the early 2000s, a coordinated redevelopment effort transformed what had become a struggling area into new-construction and renovated homes on a historic street grid, and it's since become one of the more sought-after near-downtown addresses in the city. It's central to nearly everything — downtown, the Monon Trail, Fall Creek itself — which makes it a strong pick for buyers who want new or newer construction without leaving the urban core.

Most of the housing here is new or recently renovated rather than untouched historic stock, so buyers get modern systems and layouts without the maintenance surprises that come with a 100-year-old house — a real advantage for anyone who doesn't want a renovation project. That newer construction also carries a premium relative to some of its near-downtown peers; you're paying for the redevelopment's proven success, not finding an overlooked deal.