Regency Reserve is a small gated 55+ community in Avon, Hendricks County, with approximately 61 homes. It sits at the opposite end of the size spectrum from the Del Webb communities that dominate Indianapolis's 55+ market — no resort clubhouse, no full-time lifestyle director, no large pool complex. What it offers is private, gated single-family living in an established Avon location at a price point below the larger communities.
Buyers searching for Regency Reserve are almost always looking for one of two things: gated access in Avon specifically, or a small, tight-knit community where they know their neighbors. Neither of those things is available at Britton Falls or Vandalia, which is precisely why communities like this maintain a buyer base.
Community Snapshot
| Location | Avon, Hendricks County, Indiana |
| Total Homes | ~61 homes (age-restricted 55+) |
| Community Type | Gated, single-family resale |
| County Income Tax | 1.5% (Hendricks County) |
| Property Tax Rate | ~0.90% (Hendricks County, pre-deduction) |
| HOA Fee | Verify with HOA — small community rates vary |
The Small Community Calculus
At 61 homes, Regency Reserve's HOA has both advantages and limitations. On the positive side: residents have real influence over HOA decisions in a way that's impossible in a 1,000-home community. Board members are neighbors, not professional management companies. Rule changes require fewer votes to pass.
The limitation: social programming depends almost entirely on resident initiative. There's no lifestyle director booking events. The pool (if there is one) or common area maintenance comes out of a budget funded by 61 households. When two or three homeowners stop paying dues, the financial impact on reserve funds is proportionally much larger than in a 500-home community.
Hendricks County Property Tax Advantage
Hendricks County's ~0.90% property tax rate is among the lowest in the Indianapolis metro. On a $280,000 home, after Indiana's homestead deductions reduce the taxable assessed value, annual property taxes often land in the $1,200–$1,600 range — meaningfully lower than comparable homes in Hamilton County (~1.10%) or Marion County (~1.19%).
The trade-off is Hendricks County's 1.5% local income tax, which is higher than Hamilton (1.1%) or Hancock (1.0%). Buyers drawing primarily from Social Security (fully exempt) and small IRA distributions will likely find Hendricks County's lower property tax rate more advantageous. Buyers with large pension or 401(k) distributions should run the math on both sides.
What to Research Before Buying
Because Regency Reserve is a small, established community, resale inventory is limited — sometimes one or two homes per year. If a specific home is available, the research checklist: current HOA financials and reserve fund balance, any pending or recently completed special assessments, gate system maintenance history (older gate systems are a common capital expense in small gated communities), and the CCR document governing age restrictions (confirm 55+ enforcement mechanism).
Researching Avon's 55+ Options?
Regency Reserve, Stoney Meadow, and Vandalia by Del Webb all serve Hendricks County — but they're very different products. We can connect you with a local specialist who knows all three.
Request Agent IntroductionRelated Indianapolis 55+ Research
Indianapolis 55+ Community Guide · Stoney Meadow · Vandalia by Del Webb · Bridlewood Reserve