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The pandemic changed a number of things in the world, but none seems to have a greater impact than remote working. When the pandemic hit, businesses in every sector were forced to reimagine what working looked like.  Four years later, remote and hybrid employment opportunities abound.

According to Fox 59 News, Indianapolis was recently named the 10th best city in the United States for remote employment–and showed an increase from the 2022 ranking of 27th.  The results, powered by the National Taxpayers Union Foundation, attribute this to the Hoosier state’s straightforward income tax plan and its reciprocity with neighboring states like Kentucky, Ohio, and Michigan, among others.  This means living in the Crossroads of America while working for businesses based in other states is an easy financial adjustment.

Dr. Hicks, a professor at Ball State, supports that ranking because Indiana saw a substantial increase in remote workers with almost 60,000 in 2019 to well over a million Hoosiers who work in a remote capacity at least one day a week.

Shift in Housing Demand

With the increasing acceptance and prevalence of remote work, some individuals and families in Indianapolis–and nearby cities like Chicago–are opting to move away from densely populated urban areas in favor of suburban living. The desire for larger living spaces and access to green areas has made suburbs surrounding Indianapolis particularly appealing to remote workers. Consequently, there has been a noticeable surge in demand for suburban housing, including single-family homes, townhouses, and properties with ample outdoor space, driving up prices in many suburban neighborhoods.

Local Economies

The influx of remote workers into suburban areas surrounding Indianapolis has had a tangible impact on local economies. Indianapolis and its surrounding counties have seen an increase in new construction that rivals the hottest housing markets like Denver and Phoenix. The growing demand for housing has stimulated the construction sector, leading to increased residential development and home renovations in suburban communities. Additionally, businesses catering to the needs and preferences of remote workers, such as local cafés, restaurants, and service providers, have experienced a boost in patronage. This heightened economic activity has generated job opportunities and fostered economic growth in suburban areas surrounding Indianapolis.

Community Development

The rise of remote work has prompted local governments and municipalities in the greater Indianapolis area to adapt to the changing needs of residents. Investments in infrastructure, including expanded broadband internet access, improved public transportation systems, and enhanced greenways, have become priorities to accommodate the influx of remote workers. Furthermore, suburban communities are enhancing amenities and recreational facilities like Fisher’s Nickel Plate District and Carmel’s City Center and Zionsville’s Main Street to appeal to individuals and families seeking a balanced lifestyle. 

Impact on Local Real Estate Markets

The influence of remote work on suburban growth in Indianapolis is evident in the local real estate market. With heightened demand for housing, competition among buyers has intensified. While this might pose challenges for prospective homebuyers, particularly first-time buyers and those with lower incomes, hiring an experienced real estate professional like the agents with the Yosha Snyder Group will help guide the myriad decisions to find the right house at the right price at the right time. 

It’s an exciting time in Indiana as more individuals and families choose to relocate from urban centers to suburban areas in search of larger living spaces and an improved quality of life. As it stimulates local economies and prompts continued community development efforts, finding the right remote working environment is possible for everyone.

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