The Town FilesSpeedway, Indiana
Town in Marion County · population 13,952 (2020 Census)
- Median home
- $228,600
- Household income
- $60,147
- Jan low / Jul high
- 21° / 85°
- Snow a year
- 26 in
- Tornadoes ≤10 mi since 1950
- 41
- Median age
- 34.5
Speedway is a town of 13,952 people in Marion County, Indiana. The median home is worth $228,600, above the typical Indiana town ($150,400). It ranks more vibrant than 100% of Indiana towns, more walkable than 99% of Indiana towns, better for young professionals than 98% of Indiana towns.
How Speedway ranks
Percentile among Indiana towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Indiana towns.
Homes and cost of living
The median home in Speedway is worth $228,600, above the typical Indiana town ($150,400). Homes cost about 3.8 times the median household income of $60,147, which is more affordable than 5% of Indiana towns. Median rent is $1,141 a month. 45.2% of households own their home.
| Housing | Speedway | Typical Indiana town |
|---|---|---|
| Median home value | $228,600 | $150,400 |
| Median rent | $1,141 | $888 |
| Median household income | $60,147 | $61,953 |
| Home value ÷ income | 3.8× | 2.5× |
| Homeownership | 45.2% | 73.4% |
| Median year built | 1963 | 1966 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in Speedway
| People | Speedway | Typical Indiana town |
|---|---|---|
| Median age | 34.5 | 38.9 |
| Age 65 and over | 13.4% | 17.1% |
| Under 18 | 26.7% | — |
| Bachelor's degree or higher | 34.3% | 17.4% |
| Below the poverty line | 17.5% | 11.6% |
| Veterans | 8.2% | — |
| Born outside the U.S. | 24.4% | — |
| Work from home | 12.3% | 6.2% |
| Average commute | 22.0 min | 24.7 min |
| Homes with broadband | 90.8% | 89.2% |
Weather in Speedway
July highs average 85.2°F and January lows 21.2°F. About 40.7 inches of rain and melted snow fall a year, with 25.5 inches of snow (typical Indiana town: 21.1 in). Expect about 17 days a year at 90°F or hotter and 106 nights at or below freezing.
Tornadoes, storms and disasters
41 tornadoes have passed within 10 miles of Speedway since 1950, compared with 23 for the typical Indiana town. 9 rated (E)F2 or stronger. The strongest, an F4, struck on May 14, 1972 about 9.0 miles from the town center. The most recent was on April 2, 2025.
Hail of 1 inch or larger has been reported within 10 miles 178 times; the largest was 3.00 inches on May 22, 2011.
Severe weather in Marion County since 1996
Marion County has been included in 20 federal disaster or emergency declarations since 1953, most often for flood, hurricane, snowstorm.
| Declared | Incident | Declaration |
|---|---|---|
| August 25, 2026 | Flood | DR-4933: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| August 15, 2026 | Flood | EM-3651: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| January 24, 2026 | Winter Storm | EM-3641: Severe Winter Storm |
| April 3, 2020 | Biological | DR-4515: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3456: Covid-19 |
Jobs and pay in Marion County
Marion County had 625,533 jobs in 2024, paying an average of $76,163 a year. Unemployment was 3.3% in 2023; in Speedway itself the ACS puts it at 5.8%.
Public schools in Speedway
6 public schools with 1,789 students, about 14.4 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| Speedway Senior High School | 9-12 | 572 | 16.3 |
| Frank H Wheeler Elementary Sch 4 | K-6 | 323 | 13.5 |
| Speedway Junior High School | 7-8 | 286 | 13.6 |
| James A Allison Elementary Sch 3 | K-6 | 242 | 13.4 |
| Arthur C Newby Elementary School 2 | K-6 | 220 | 12.9 |
| Carl G Fisher Elementary School 1 | PK-6 | 146 | 16.2 |
Towns near Speedway
- Indianapolis, IN5.5 mi · 887,642 people · home $224,800
- Brownsburg, IN7.9 mi · 28,973 people · home $309,400
- Avon, IN8.1 mi · 21,474 people · home $323,800
- Plainfield, IN9.7 mi · 34,625 people · home $280,600
- Beech Grove, IN10.1 mi · 14,717 people · home $182,600
- Pittsboro, IN12.7 mi · 3,682 people · home $312,800
- Carmel, IN13.0 mi · 99,757 people · home $486,800
- Danville, IN13.4 mi · 10,559 people · home $298,200
Speedway questions
Is Speedway, Indiana a good place to retire?
On The Town Files lifestyle rankings, Speedway scores better for retirees than 4% of Indiana towns and quieter than 0%. 13.4% of residents are 65 or older (median age 34.5).
How much does a house cost in Speedway?
The median owner-occupied home in Speedway is valued at $228,600 (Census ACS 2020–2024), against a median household income of $60,147, so homes cost about 3.8 times income. Median rent is $1,141 a month.
What is the weather like in Speedway?
July highs average 85.2°F and January lows 21.2°F (NOAA 1991–2020 normals). It gets about 40.7 inches of precipitation a year and 25.5 inches of snow.
Does Speedway get tornadoes?
41 tornadoes have passed within 10 miles of Speedway since 1950 (NOAA Storm Events); the strongest was a F4 on May 14, 1972. The typical Indiana town has had 23.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)