Property Management Blog

Avon Rental Market Update (November 2023)

Chris Knight - Thursday, January 25, 2024

Avon: Indianapolis' West Side Gem - Stability, Growth, and Short-Term Rental Potential

Indianapolis' rental market is a vibrant scene, and on the west side, Avon emerges as a beacon of stability and growth. Forget the wild fluctuations of other areas – Avon boasts consistent average rents, fast-selling homes, and a unique December rent increase that defies seasonality. This makes it a hidden gem for both investors seeking reliable returns and renters looking for an affordable and thriving community.


A Stable Haven: Consistent Rents and Fast Sales

Avon's rental market is a picture of stability. With average rents at $187 and only a 1% dip month-over-month, even the coming winter chill can't dampen its consistent performance. This reliability is further cemented by the impressive 40% decrease in average days on market. Homes simply don't linger, showcasing strong renter demand for Avon's offerings.


Hidden Gem: December Rent Increase and Entry-Level Prices

While most markets experience a seasonal dip in December, Avon defies expectations. Sneak peeks at December data reveal a rent increase, hinting at the potential for even more growth in the future. This makes Avon a unique opportunity for investors looking for a market with both stability and potential for upside.

For investors, Avon presents an attractive entry point with average sales prices at $352, comparable to the popular Noblesville market. This affordability, coupled with the consistent rents and fast sales, makes Avon a low-risk, high-reward option for building your portfolio.


Beyond Stability: Avon's Advantages for Renters and Investors

Avon's appeal goes beyond its stable market. The location itself is a draw, offering a growing west side community with excellent schools, green spaces, and a vibrant atmosphere. This makes Avon a desirable option for families and young professionals alike, further fueling the demand for rental properties.


Short-Term Rental Potential: A Hidden Opportunity

Avon's stable market, attractive location, and strong renter demand make it a prime candidate for short-term rentals. With Indianapolis' booming tourism and growing demand for flexible housing options, Avon offers the perfect combination of factors for successful short-term rental properties.


Unlocking Avon's Potential with an Expert Partner

Navigating the nuances of Avon's market and maximizing your short-term rental potential requires local expertise. Partner with an experienced Indianapolis short-term rental property manager to:

  • Find your perfect Avon short-term rental investment.
  • Optimize your listing for maximum bookings.
  • Manage the entire rental process seamlessly.
  • Maximize your returns and enjoy peace of mind.


Don't miss out on Avon's hidden potential! Contact us today to get a FREE RENTAL ANALYSIS and join the thriving short-term rental community in Indianapolis' west side haven.