Avon, Indiana Housing Market Prices
Avon Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 135% above the Indiana median$335,145
-
Median rent 47% above the Indiana median$1,565
Housing Market Overview
| Metric | Avon | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,145 | $142,738 | $248,835 |
| Price Trend (Annual %) | 12.7% | 7.2% | 7.5% |
| Median Gross Rent | $1,565 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Avon is about 135% higher than in Indiana. Rent is about 47% higher than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Avon, up about 12.7% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Avon rose about 43.5% between 2015 and 2024, from $1,090 to $1,565. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Avon.
Buying the median-priced home in Avon costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Avon. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Avon | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,145 | $142,738 | $248,835 |
| Median Household Income | $101,359 | $71,967 | $80,455 |
| Price-to-Income Ratio | 3.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Avon rose about 126.8%, while median household income rose about 41.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Avon | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.5% | 64.4% | 58.5% |
| Rental Rate | 21.2% | 26.9% | 31.2% |
| Vacancy Rate | 2.4% | 8.8% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Avon has a homeownership rate of 76.5%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 2.4%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Avon | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 2002 | 1975 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in Avon was built around 2002. On average, 2.6 people live in a home with about 6.5 rooms, staying for about 12.0 years on average.
Avon, IN Housing Compared With Nearby Cities
How Avon, IN compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Avon, IN | 33,241 | $335,145 #1/3 | $1,565 #1/3 | 78.3% #1/3 |
| Plainfield, IN | 27,776 | $160,652 | $1,457 | 59.8% |
| Brownsburg, IN | 24,482 | $202,764 | $1,444 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Avon, Indiana.
What is the median home price in Avon, Indiana?
The median home price in Avon, Indiana is $335,145, higher than the Indiana average of $142,738.
What is the average home price in Avon, Indiana?
The typical home price in Avon, Indiana, reported as the median sale price, is $335,145. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Avon, Indiana?
The median gross rent in Avon, Indiana is $1,565 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Avon in 2020?
In 2020, the median gross rent in Avon, Indiana was $1,203 per month.
What is the price-to-rent ratio in Avon, Indiana?
The price-to-rent ratio in Avon, Indiana is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Avon.
Are home prices or rent rising faster in Avon, Indiana?
Both home prices and rent are rising in Avon, up about 12.7% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Avon, Indiana?
76.5% of households in Avon, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Avon, Indiana?
The housing vacancy rate in Avon, Indiana is 2.4%, lower than the Indiana average of 8.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →