First settled in 1830, Avon, Indiana is a town situated in Hendricks County, west of Indianapolis.
With a current estimated population of 18,343, Avon is the 47th largest city in Indiana.
The median age is 35.3 and the median household income is $85,433.
Caucasians make up 84.01% of the population.
Average rental amount is $1,055 and the median home value is $185,200 according to World Population Review.
According to Niche, it’s ranked as one of the best places to live in the entire state.
It’s also ranked #11 out of 115 for best suburbs to raise a family.
A staggering 81% of residents own their homes compared to only 19% that rent, also reported by Niche.
Below is some additional information that will hopefully help you determine if Avon is a good place to invest for your goals.
Avon, Indiana Zip Codes
- 46123
- 46168
- 46234
Avon, Indiana Neighborhoods
- Avon Trails
- Fairway Hills
- Glen Eagles
- Ian’s Point
- Grant Park
- Cedar Bend
- Whispering Pines
- Thornhill
- Oriole Point
- Turnberry
Examples of Homes T&H Manages in Avon, Indiana:
We helped a current client purchase this 4 bed/2.5 bath hom in Avon for $164,900 and it should lease in the $1,300-$1,400 range.
So as you can see, the cash flow isn’t there. This is an appreciation play.
We no longer manage this home, but it was purchased for $164,990 in 2009. We managed it up until 2018 when we sold it for $218,000.
We had it rented several times throughout the year at rates ranging from $1400-$1650.
So, again, appreciation is the name of the game.
Avon, Indiana Schools
Avon schools are highly rated. With 9,614 students in grades PK-12, there is a student-teacher ration of 22-1.
Niche gives the school system an overall grade of A+ with category breakdowns as follows:
- Academics: A
- Teachers: A+
- Clubs and Activities: A
- Diversity: A-
- College Prep: A
- Health and Safety: A
It’s ranked #10 of 291 for best school districts in the state, #14 for best school district for athletes, and #21 for safest school districts throughout Indiana.
Avon, Indiana Crime Rates
According to BestPlaces, Avon’s violent crime rate is ranked a 24.3 and property crime is ranked a 56.3,
This is based off of a scale of 1-100 where 1 is low crime and 100 is high crime.
Conclusion
As you can see, Avon is a great place to be and a great place to own property.
With it’s highly rated schools, quality tenant pool, and relatively low crime rates, it’s a no brainer.
The catch is it’s not cheap to purchase homes there. Similar to Greenwood, if you are looking for long term appreciation and a solid investment, Avon is a great option.
If you’re main goal is cash flow, I would suggest moving on to other areas such as Lawrence Township or Anderson.
