Ransom Place is the oldest African-American neighborhood in Indianapolis. It was established in 1897 and had consisted originally of about four dozen houses located on six blocks. The neighborhood was redeveloped by committed residents in 1945 when it received a boost from the newly formed Indianapolis Redevelopment Commission. This then inspired the formation of the National Association from African-American Heritage Preservation to promote the recognition of historically black communities in other cities.
Currently, Ransom Place is the most intact 19th century neighborhood associated with African-Americans in Indianapolis. The neighborhood was named after Freeman B. Ransom who lived from 1882 to 1947. He was an attorney and general manager of the Walker Manufacturing Company, a cosmetics firm founded by Madam C.J. Walker.
The Ransom Place Historic District was certified by the Indiana Department of Natural Resources and was listed on the National Register of Historic Place on December 10, 1998.