A 500-home age-targeted community in Noblesville. Age-targeted — not age-restricted — is a distinction that matters legally and practically. Here's what that means, what the community offers, and what it costs in Hamilton County.
Merion is a mix of new and resale homes in Noblesville — the same Hamilton County location that makes Finch Creek by Del Webb attractive, with competitive pricing and access to the same road and medical infrastructure. The community's lifestyle programming and amenities are comparable to a well-run age-targeted community in any comparable Midwest market.
The lack of a formal age restriction gives Merion more flexibility than strictly age-restricted communities — if your adult children or younger relatives want to move nearby or if you want to leave the home to younger heirs without restriction complications, age-targeted removes those concerns.
Formal 55+ age-restricted communities like Britton Falls operate under the 80/20 rule: at least 80% of occupied units must have one resident 55 or older. The remaining 20% can be occupied by residents of any age. In practice, most well-run 55+ communities stay well above 80% — but the rule does allow a minority of younger residents. Merion, being age-targeted, has no such requirement in either direction.
At $375,000 with 20% down ($75K), $300K financed at 6.75% 30-year fixed. Hamilton County homestead deduction applied.
| Cost Category | Monthly Estimate | Annual Total |
|---|---|---|
| Mortgage P&I ($300K at 6.75%, 30yr) | $1,946 | $23,352 |
| Property Tax ($375K × ~60% assessed × 1.10%) ÷ 12 | ~$206 | ~$2,475 |
| HOA (community maintenance and amenities) | ~$200–$250 | ~$2,400–$3,000 |
| Homeowners Insurance | ~$115 | ~$1,380 |
| Utilities | ~$170 | ~$2,040 |
| Total All-In Monthly Housing Cost | ~$2,637–$2,687 | ~$31,647–$32,247 |
Verify current HOA fee with the community management. Age-targeted communities sometimes have lower HOA fees than age-restricted communities because they have different regulatory overhead and sometimes less intensive programming budgets.