Avon, IN—46123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Avon, IN
As of Oct '25, the median home price in Avon, IN is $345,000, 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 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 0.2% |
| Single Family | $354,000 | 0.0% |
| Condos | $238,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 0.4% |
3 Bed | $308,000 | 0.3% |
4 Bed | $395,000 | -0.3% |
| 5 Bed | $441,000 | -1.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Avon, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Avon, IN is 49. This is a increase of 38.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 4.0% |
Listing Count | 208 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 49 | 38.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Avon, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $345,000 |
| Median Household Income | $103,000 |