Avon, IN 46123 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Avon, IN—46123

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$343,000

0.2% YoY Growth

Household Income

$103,000

13.2% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$2,030

3.6% YoY Growth

1-Bed Rent

$1,290

N/A

2-Bed Rent

$1,500

55.0% YoY Growth

3-Bed Rent

$1,920

3.2% YoY Growth

Home Price Trends — Avon, IN

As of Dec '25, the median home price in Avon, IN is $343,000, with a year-over-year change of 0.2%. This indicates that home prices in Avon, IN are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$343,000	0.2%
Single Family	$353,000	0.0%
Condos	$236,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Avon, IN

As of July '25, Rentcast reports the average rent in Avon, IN is $2,120, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Avon, IN is 1-bedrooms: $1,150, 2-bedrooms: $1,720, 3-bedrooms: $1,940, 4-bedrooms: $2,460. The most common rental property sizes in Avon, IN are 2-bedroom and 3-bedroom, accounting for 42.6% and 29.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,030	$2,120
Studio Rent	N/A	N/A
1 Bed Rent	$1,290	$1,150
2 Bed Rent	$1,500	$1,720
3 Bed Rent	$1,920	$1,940
4 Bed Rent	$2,400	$2,460

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% of Rental Stock

Studio

4.1%

1 Bedroom

12.2%

2 Bedrooms

42.6%

3 Bedrooms

29.0%

4 Bedrooms

11.9%

5+ Bedrooms

0.3%

Property Listings — Avon, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Avon, IN is 52. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$367,000	-2.0%
Listing Count	156	34.0%
Listings as % of Homes	0.5%	34.0%
Days on Market	64	19.0%

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Demographics — Avon, IN

As of the latest ACS Survey released in 2023, Avon, IN has a population of 42,400, which has increased by 19.0% over the past 5 years. Avon, IN is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 40.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	42,400	19.0%
% Under 18	23.4%	-10.7%
% Seniors	14.5%	20.8%
% WFH	15.2%	149.2%
% w/ College Degree	40.1%	-6.3%

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As of the latest ACS Survey released in 2023, Avon, IN is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Avon, IN is black, making up 12.0% of the population. Foreign-born residents account for 5.5% of the population in Avon, IN, and this percentage has decreased by 19.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.9%	-9.4%
% Black	12.0%	66.7%
% Hispanic	6.8%	7.9%
% Asian	3.9%	18.2%
% Foreign Born	5.5%	-19.1%

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Mortgage and Risk — Avon, IN

According to HUD data as of 2023, there were 1120 mortgage originations in Avon, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Avon, IN. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,120
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Avon, IN

As of 2024, the percent of homes in Avon, IN under the Section 8 program is 1.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Avon, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	72
Total Units Section 8	71
% Rentals under Section 8	1.6%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$80	$1,290	$1,370
2 Bedroom	$100	$1,500	$1,600
3 Bedroom	$160	$1,920	$2,080
4 Bedroom	$130	$2,400	$2,530

Avon, IN—46123

Key Metrics at a Glance

Home Price Trends — Avon, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Avon, IN

% of Rental Stock

Property Listings — Avon, IN

Demographics — Avon, IN

Race and Ethnicity

Mortgage and Risk — Avon, IN

Mortgages

Rentals and Section 8 — Avon, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Avon, IN

Home Price to Income Ratio

Avon, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Plainfield, IN

Warren Township, Indianapolis, IN

Beech Grove Fringe, Indianapolis, IN

Brownsburg, IN

Lawrence Township, Indianapolis, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$343,000
Median Household Income	$103,000

Avon, IN—46123

Key Metrics at a Glance

Home Price Trends — Avon, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Avon, IN

% of Rental Stock

Property Listings — Avon, IN

Demographics — Avon, IN

Race and Ethnicity

Mortgage and Risk — Avon, IN

Mortgages

Rentals and Section 8 — Avon, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Avon, IN

Home Price to Income Ratio

Avon, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Plainfield, IN

Warren Township, Indianapolis, IN

Beech Grove Fringe, Indianapolis, IN

Brownsburg, IN

Lawrence Township, Indianapolis, IN

Frequently Asked Questions

What is the average home price in Avon, IN 46123?

How have home prices in Avon, IN 46123 changed over the past year?

What is the home price projection for Avon, IN 46123?

What are the demographics of Avon, IN 46123?

How long does it take homes to sell in Avon, IN 46123?

What is the average rent price in Avon, IN 46123?