Mortgage Rates in Avon, Indiana — March 2026
Updated March 2026 | Based on Avon market data and regional lending conditions
Avon is a growing city in Indiana with a population of 22,263. The current 30-year fixed mortgage rate in Avon is 6.51%, which is 0.14% below the national average. With a median home price of $295,000 and a 20% down payment of $59,000, homebuyers can expect a monthly principal and interest payment of approximately $1,493.
Current Mortgage Rates in Avon, IN
Below are the current average mortgage rates available in the Avon area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.51% | 6.65% | -0.14% |
| 15-Year Fixed | 5.75% | 5.89% | -0.14% |
| 5/1 ARM | 6.01% | 6.15% | -0.14% |
| FHA | 6.11% | 6.25% | -0.14% |
| VA | 5.91% | 6.05% | -0.14% |
| Jumbo | 6.71% | 6.85% | -0.14% |
Avon Housing Market Overview
The Avon housing market offers relatively affordable housing compared to many major cities. The median household income in Avon is $68,000, and the cost of living index is 92 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $72,943 to comfortably afford the median-priced home in Avon, which exceeds the current median household income.
Monthly Payment Breakdown for Avon
Based on the median home price of $295,000 with 20% down ($59,000), here is what you can expect to pay monthly in Avon:
15-Year vs. 30-Year Mortgage in Avon
Choosing a 15-year mortgage in Avon at 5.75% instead of a 30-year at 6.51% would save you $184,680 in total interest over the life of the loan. However, your monthly payment would be $1,960 instead of $1,493 — an increase of $467 per month.
Calculate Your Avon Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Avon
What are the current mortgage rates in Avon, IN?
As of March 2026, the average 30-year fixed mortgage rate in Avon, Indiana is 6.51%, while the 15-year fixed rate is 5.75%. FHA loans average 6.11% and VA loans 5.91%. These rates are 0.14% below the national average of 6.65%.
How much is a monthly mortgage payment in Avon?
Based on the median home price of $295,000 with 20% down, the estimated monthly mortgage payment in Avon is $1,493 for principal and interest. Including property taxes of $209/month, the total monthly housing cost is approximately $1,702.
What income do I need to buy a home in Avon?
Using the 28% rule, you would need an annual income of approximately $72,943 to afford the median-priced home in Avon at $295,000. The median household income in Avon is $68,000. This means most households would need to either earn above the median or consider homes below $295,000.
Is Avon a good place to buy a home in 2026?
Avon offers a below-average cost of living with a cost of living index of 92 (national average = 100). The property tax rate in Indiana is 0.85%, which is near the national average. Avon has a population of 22,263 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Avon, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.