Austin Lakes Avon Indiana Home Prices & HOA Rules

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Austin Lakes Home Values at a Glance

Homes in Austin Lakes in Avon, Indiana sold for a median price of $275,000 across 130 closed sales between January 1, 2021 and August 4, 2026. The average sale price was $279,547, the price range ran from $195,000 to $380,000, and the average price per finished square foot came in at $166.49. Half of the homes went under contract in six days or fewer.

What the Sales Data Says About Austin Lakes

Austin Lakes keeps showing up in my conversations with buyers who want space, a garage, and a yard without stepping into new construction pricing. It’s big enough to have steady turnover, and small enough that a few sales in a given year really move the numbers.

Everything below comes from closed MLS sales in Austin Lakes for the period January 1, 2021 through August 4, 2026. That’s 130 transactions, which lets me show you a real five-plus year arc instead of a snapshot. If you own here, this is your equity picture. If you’re shopping here, this is what you’re competing for.

Neighborhood Overview

Austin Lakes is a 1990s-built community in Washington Township, Hendricks County, with an Avon 46123 address. Homes in the closed sales were built between 1991 and 2015, with the heaviest concentration between 1991 and 1999. One 2015 build shows up in the records, so there has been some later infill.

The housing stock is a mix of ranches and two-story homes, split almost evenly. Of the 130 closed sales, 69 were one-level homes and 61 were two-level or split designs. Most homes carry a vinyl-and-brick exterior, and lots average about 0.28 acres.

Street names in the closed sales include Eagles Nest, Inland, Captain, Austin, Nicole, Hyannis, Watercrest, Windward, Seabreeze, Portside, Skippers, Bayshore, Shattuck, Cardinal, Port, and Crestview. Based on 130 sales over roughly five and a half years and typical Hendricks County turnover, I’d estimate Austin Lakes contains somewhere in the range of 350 to 450 homes. Treat that as an estimate, not a count.

Location and Setting

The closed sales tell you a fair amount about the physical setting. Sidewalks appear on 92 of the 130 properties, mature trees on 59, street lights on 29, and curbs on 22. Sixteen homes sat on cul-de-sacs, and another 16 were corner lots.

The community is built around water. The recorded covenants reference lakes, lake areas, retention and detention ponds, and common areas managed by the association, along with a park and playground listed in the HOA fee inclusions on several sales. Lake lots carry their own fencing rules, which I’ll get into below.

Austin Lakes Market Snapshot

Metric	Value
Total Sales (Jan 1, 2021 – Aug 4, 2026)	130
Median Sale Price	$275,000
Average Sale Price	$279,547
Price Range	$195,000 – $380,000
Avg. Price Per Sq Ft	$166.49
Avg. Days on Market	21
Median Days on Market	6
Avg. Home Size (Finished Sq Ft)	1,721 (median 1,646; range 1,257 – 2,843)
Year Built Range	1991 – 2015
Pool Prevalence	No private pools noted in any of the 130 closed sales
Basement Prevalence	6% (8 of 130)
Avg. Lot Size	0.28 acres (median 0.27; up to 0.52)
HOA Fee (from closed sales)	$135 – $262 annually; median $200 in 2025–2026 sales

Year-Over-Year Trend

Metric	2021	2022	2023	2024	2025	2026*	Change (Full Period)
Median Sale Price	$242,500	$270,000	$280,000	$285,950	$290,000	$285,000	+17.5%
Avg. Price Per Sq Ft	$141.37	$161.16	$171.22	$167.93	$182.18	$182.51	+29.1%
Avg. Days on Market	5	19	9	33	29	45	+40 days
Sales Volume	24	23	27	20	23	13	N/A

*2026 reflects closings through July 31, 2026, so it’s a partial year.

Home Features and Characteristics

Feature	Detail
Avg. Garage Stalls	2.1
Most Common Garage Size	2-car (111 of 129 sales reporting; 18 had 3-car)
Pools Present	None noted in the closed sales
Homes with Basements	8 of 130 (6%)
Most Common Style	Traditional American and Ranch
Avg. Lot Size	0.28 acres
Construction Materials	Vinyl with brick or brick and vinyl on 104 of 130 (80%); all-vinyl on 14

Bedroom counts skew to three. Of the 130 closed sales, 93 were three-bedroom homes, 29 were four-bedroom, and seven had five. Bathroom counts split between two baths (69 homes) and three (60 homes).

Square footage sits in a tight band. Fifty-one homes finished under 1,500 square feet, 54 landed between 1,500 and 2,000, and 25 came in at 2,000 or more. If you’re looking for 2,500-plus finished square feet here, the records show it exists, and it’s rare.

The Features Most Austin Lakes Homes Share

A few patterns repeat often enough to be worth calling out. Three-quarters of the closed sales, 97 of 130, included a fireplace. Fifty-five percent had a fenced yard, most commonly a full rear fence. Fifty-two percent listed a mini barn, storage shed, or similar outbuilding in the exterior features, which tells you the association has been approving them and homeowners have been using them.

Inside, walk-in closets appear in 102 of the sales, pantries in 78, eat-in kitchens in 67, and vaulted or cathedral ceilings in 77 combined. That’s a fairly consistent 1990s builder package that has aged well.

What’s missing matters too. Basements are unusual here, and not a single closed sale in the five-plus year window included a private pool. If those are on your must-have list, Austin Lakes will be a tough fit.

Market Direction: Stabilizing

Austin Lakes appreciated hard through the front half of this period, then flattened. Median price climbed from $242,500 in 2021 to $290,000 in 2025, a 19.6% gain, before settling at $285,000 through the first seven months of 2026. Price per square foot tells the same story with less noise: $141.37 in 2021 up to $182.51 in 2026, a 29.1% increase over the full period, with most of that gain landing before 2024.

The clearer shift is in how homes sell, not what they sell for. Average days on market went from five in 2021 to 45 so far in 2026. The ratio of sale price to original list price fell from 106% in 2021 to 96% in 2026. In 2021, sellers were routinely getting more than they asked. Now they’re getting slightly less, and it’s taking longer.

That combination, holding prices with slower absorption and softer negotiation, is what a stabilizing market looks like. It isn’t a decline. It does mean pricing right the first week matters far more than it did three years ago, because 84% of homes here still sold within 30 days, and the ones that didn’t are what pulled the averages up.

Austin Lakes HOA Rules: What Homeowners Need to Know

Important note before you read this section: Austin Lakes is platted in eight sections, and each section has its own separately recorded declaration of covenants, conditions, and restrictions. The summary below reflects a review of the recorded documents for one section, along with the association’s architectural guidelines and bylaws. Rules can differ from section to section. Before you rely on anything here for a specific property, confirm which section that address sits in and pull the covenants recorded for that section.

Architectural Approval

No building, wall, fence, or other structure can be built, placed, or altered until plans have been submitted to and approved by the architectural committee. The committee reviews for harmony with existing homes, grading, elevations, and effect on trees and drainage. Approval or denial comes in writing. If the committee doesn’t respond within the window set in the covenants, the plans are treated as approved.

Room additions, decks, patios, porches, fences, exterior color changes, storm doors, mini barns, playground equipment, basketball goals, and major landscaping all fall under the approval requirement. Requests from owners with unpaid dues are not honored.

Fencing Rules

All fences need approval before they go up, including material and height. No fence may extend forward of the furthest back corner of the home, and the guidelines add that fencing can’t sit closer than six feet behind the front foundation line or over an easement, with no exceptions.

Chain link must be black or green vinyl coated. Galvanized and stockade fencing are not permitted. Dog-eared, flat-top, and shadow styles are the approved looks. Fences on standard lots max out at six feet. On lake lots, privacy fencing isn’t permitted at all, and vinyl fencing is capped at five feet so views aren’t blocked.

Pools and Water Features

Permanent above-ground pools are not allowed. In-ground pools require architectural committee approval before construction begins, and they must be enclosed by a fence, with the fence design approved in advance. Temporary seasonal plastic or vinyl pools under 24 inches deep are treated as play equipment and don’t require approval. Anything deeper triggers fencing requirements.

Outbuildings and Storage

Here’s where the sections diverge, and it matters. The oldest recorded restrictions prohibit storage buildings, barns, and outbuildings outright. The association’s architectural guidelines, adopted later, permit outbuildings up to 120 square feet and 10 feet tall, primarily wood, with siding and roof color matching the home, set five feet from side and rear lot lines, and three feet from the home on lake lots. Metal and plastic buildings, carports, and awnings are not acceptable.

More than half of the closed sales list a mini barn or shed, so approvals clearly happen. If you’re planning one, get written approval from your section’s committee before you buy the building.

Parking and Vehicle Rules

Boats, campers, travel trailers, motor homes, ski-doos, open and covered trailers, commercial delivery trucks, and vehicles over three-quarter ton capacity have to be stored inside a garage. Any vehicle that’s inoperable, unlicensed, not in normal use, or up on blocks also has to stay in a closed garage.

Passenger vehicles belong in garages or driveways, never on grass or landscaping. Guest vehicles may sit on the street for up to 48 hours, and repeat street parking beyond 48 hours in a month is treated as a violation.

Rental Restrictions

This one surprises people, so read it carefully. A recorded amendment requires that homes be occupied by the owner as a primary residence. A home may only be rented if it’s also actively listed for sale with a For Sale sign posted in the front yard, and the rental period is limited to one year. Extensions require written association approval, proof the home is being actively marketed, and current dues. A land contract purchaser counts as an owner. If you’re evaluating Austin Lakes as a rental play, confirm the current status of this restriction for your section first.

Landscaping, Maintenance, and Trash

Owners have to landscape within 60 days of a home being completed, weather permitting, and keep lots mowed twice a month or more from April through September. Dead trees, debris, and rubbish have to be cleared. Burning trash outdoors is prohibited.

Trash containers can go to the curb the evening before pickup and must come back the next day. On non-collection days they belong in an enclosed garage, or behind the house if that’s not possible. Firewood is allowed at the rear of the home on a proper rack. Excessive or offensive lawn art that breaks from the look of the neighborhood isn’t permitted.

Pets, Play Equipment, and Everything Else

Common household pets are permitted; livestock and poultry are not, and pets can’t be kept for commercial purposes. Dog kennels may run up to 10 by 10 feet and dog houses up to five by five, both starting within three feet of the rear of the home. Galvanized kennels are not allowed.

Play equipment under eight feet tall is generally permitted without prior approval as long as it’s well maintained. Taller equipment needs design and location approval, and basketball goals can’t sit in the street or on sidewalks. Clothes lines must be the collapsible kind, holiday decorations come down within 30 days, and signs are limited to one for-sale or for-rent sign plus builder and occasional yard sale signs. Satellite dishes and antennas have designated locations and require board approval. Hunting and trapping are prohibited, with trapping in the ponds reserved to the association.

HOA Assessments

Association fees reported in the closed sales ran from $135 to $262 per year, billed annually on nearly every transaction. The median fee on 2025 and 2026 sales was $200, up from a median of $155 in 2021. Fee inclusions listed across the sales cover common area maintenance, entrance common areas, insurance on common areas, professional management, and in some cases park and playground.

Assessments are a lien against the property. Unpaid amounts collect a late fee plus interest, and owners more than 30 days delinquent lose voting rights and can’t serve on the board. Always confirm the current assessment directly with the association before closing.

The information in this section is based on a review of the Austin Lakes Declaration of Covenants, Conditions, and Restrictions, related supplements, architectural guidelines, and bylaws as of August 4, 2026, covering one of the subdivision’s eight platted sections. CCRs are legal documents that can be amended, and homeowners should review the current recorded documents for their specific section or consult with a real estate attorney for guidance on any specific situation.

Who Austin Lakes Tends to Fit

The homes here work well for anyone who wants a two-car garage, a fenced yard, and a main-floor primary option without taking on a large house. With 53% of closed sales being one-level ranches, this is one of the more workable Avon neighborhoods for buyers who want to skip stairs.

Storage is a strong point. Between attached garages, mini barns on more than half the sales, and quarter-acre-plus lots, there’s room for equipment and hobbies. Buyers who need a finished basement or a pool will want to look elsewhere, since neither is common in the sales records.

Nearby Conveniences

Austin Lakes sits in Washington Township on Avon’s side of Hendricks County, which puts US 36 and Ronald Reagan Parkway within a short drive for commuting east toward Indianapolis or north toward I-74 and I-65. Avon’s main retail and dining corridor along US 36 is the closest concentration of everyday shopping. Indianapolis International Airport is a reasonable drive to the southeast.

A Note on the Data

The sales data in this report covers January 1, 2021 through August 4, 2026. If you’re researching Austin Lakes right now and want to know what’s sold more recently, reach out. I can pull the most current data and walk you through what it means for your specific situation.

Let’s Talk About Your Situation

If you’re thinking about selling in Austin Lakes, or you’ve had your eye on this area, I’d love to talk through what the market looks like for your specific situation. Call or text me at 317-987-7068, or reach out at rene@indyhomepros.com.

If you’re curious about working with someone who digs this deep into the data, you can learn more about how I work with buyers and sellers across Hendricks County.

You can also read what past clients have said on Google, Zillow, and Realtor.com.

Frequently Asked Questions About Austin Lakes

What is the median home price in Austin Lakes in Avon, Indiana?

The median sale price across 130 closed sales from January 1, 2021 through August 4, 2026 was $275,000. Looking at recent activity alone, the 2025 median was $290,000 and the partial-year 2026 median through July was $285,000.

Are home values in Austin Lakes going up?

Values rose meaningfully and have now flattened. Median price climbed 19.6% from 2021 to 2025, and price per finished square foot rose 29.1% over the full period, from $141.37 to $182.51. The 2026 median came in slightly under 2025, which points to stabilizing rather than continued rapid gains.

How fast do homes sell in Austin Lakes?

Median days on market across the full period was six, and 84% of homes sold within 30 days. That said, average days on market has stretched from five days in 2021 to 45 days so far in 2026, so pricing accuracy matters more now than it did.

What are the HOA fees in Austin Lakes?

Fees reported in closed sales ranged from $135 to $262 per year, billed annually. The median on 2025 and 2026 sales was $200. Confirm the current amount with the association, since fees have risen steadily across the period.

What do homes in Austin Lakes typically look like?

Most were built in the 1990s, average 1,721 finished square feet, and carry a vinyl-and-brick exterior. About 53% are one-level ranches and 47% are two-story or split designs. Three bedrooms and a two-car garage are the most common configuration, and 75% have a fireplace.

Do homes in Austin Lakes have basements?

Rarely. Only eight of the 130 closed sales, about 6%, included a basement. If a basement is a requirement for you, expect limited options here.

How big are the lots in Austin Lakes?

Lots average 0.28 acres with a median of 0.27, and the largest in the records reached 0.52 acres. Sidewalks appear on 71% of the closed sales, and 16 homes sat on cul-de-sacs.

Can I put up a fence in Austin Lakes?

Yes, with architectural committee approval before installation. Fences can’t extend forward of the rear corner of the home or sit within six feet behind the front foundation line, chain link must be black or green vinyl coated, and stockade and galvanized fencing are prohibited. Standard lots cap at six feet, and lake lots can’t have privacy fencing, with vinyl limited to five feet.

Are pools allowed in Austin Lakes?

In-ground pools are allowed with prior architectural approval and a required fence. Permanent above-ground pools are not permitted. Temporary seasonal pools under 24 inches deep are treated as play equipment. No closed sale in the five-plus year period included a private pool.

Do I need approval to add a mini barn or shed?

Yes. Outbuildings need architectural committee approval, are capped at 120 square feet and 10 feet in height, must be primarily wood with siding and roof color matching the home, and cannot sit in an easement. Note that the oldest recorded restrictions for some sections prohibit outbuildings entirely, so verify the rules for your specific section.

Can I rent out a home in Austin Lakes?

A recorded amendment requires owner occupancy as a primary residence and allows renting only when the home is also actively listed for sale, for a maximum of one year, with written association approval required for any extension. Confirm current enforcement and the rules for your section before purchasing as an investment.

Can I park an RV or boat in my driveway?

No. Boats, campers, motor homes, travel trailers, and similar vehicles have to be stored inside a garage. Guest passenger vehicles may park on the street for up to 48 hours, and passenger vehicles otherwise belong in garages or driveways.

Is now a good time to sell in Austin Lakes?

Pricing has held near its peak while the pace has slowed, so sellers who price to the current data still see fast activity. The sale-to-original-list-price ratio moved from 106% in 2021 to 96% in 2026, which means overpricing costs more today. A pre-list pricing conversation is worth having.