Stoney Meadow is the Indianapolis metro's most affordable new-construction 55+ community, delivering detached single-family homes in the low-to-mid $200s in Avon, Hendricks County. For buyers who want a brand-new home with warranty protection — without the $300K+ price tags attached to Del Webb's Hamilton County communities — Stoney Meadow is the market's answer.
Opened in 2025, the community is attracting buyers who've been priced out of Britton Falls or Kimblewick but don't want the maintenance complexity of an older resale home. The trade-off: fewer clubhouse amenities than a large Del Webb campus, and Hendricks County's higher county income tax rate (1.5% vs. Hamilton County's 1.1%).
Community Snapshot
| Location | Avon, Hendricks County, Indiana |
| Total Homes | ~170 homes (age-restricted 55+) |
| Home Prices | From low $200s to mid $300s |
| Home Type | Detached single-family, new construction |
| Status | Actively selling (opened 2025) |
| HOA Fee | ~$150–$190/mo (verify at contract) |
| County | Hendricks County (tax rate ~0.90%) |
| Commute to Indianapolis | ~25 min via I-74 or US-36 |
Annual Cost Estimate at $240,000
Using a $240,000 purchase price — the entry point for new construction here — here's what year-one ownership costs look like with Indiana's homestead deductions applied.
| Cost Category | Annual Amount | Notes |
|---|---|---|
| Property Tax | ~$1,260 | Hendricks Co. ~0.90% on ~$140K net assessed (homestead applied) |
| HOA Fees | ~$2,040 | ~$170/mo est. (confirm at contract) |
| Homeowner's Insurance | ~$1,440 | Indiana avg, new construction discount likely |
| Exterior Maintenance | ~$0 | Included in HOA or homeowner-managed |
| Total Annual Carrying Cost | ~$4,740/yr | ~$395/mo beyond mortgage |
Hendricks County: The Tax Trade-Off
Hendricks County has some of the lowest property tax rates in the Indianapolis metro (~0.90%), which is a genuine advantage for buyers on fixed incomes. The catch: Hendricks County's local income tax rate is 1.5% — compared to Hamilton County's 1.1% and Hancock County's 1.0%. On $60,000 of taxable retirement income (IRA distributions, pension), that's a $240/year difference versus Hamilton County, $300/year versus Hancock.
For most Stoney Meadow buyers, the $100K+ lower purchase price far outweighs the income tax difference. But if you're drawing heavily from tax-deferred accounts in retirement, the math is worth running on your specific income picture.
What You Get vs. What You Give Up
Stoney Meadow Advantages
New construction with warranty protection. Lowest entry price among new-build 55+ communities metro-wide. No deferred maintenance. Hendricks County's low property tax rate. Avon's established retail corridor (US-36).
Trade-Offs to Know
Smaller amenity package than Del Webb campuses (no resort-style pool/fitness complex). 170 homes = smaller social community. Hendricks County income tax (1.5%) is higher than Hamilton (1.1%). Farther from Indy's north-side dining/arts corridor.
Avon Location Context
Avon sits on Indianapolis's west side along US-36 and I-74. The town has grown significantly since 2010 — Hendricks County is now one of Indiana's fastest-growing counties — and the commercial corridor along US-36 includes major grocery chains, healthcare facilities, and national retail. IU Health West Hospital is approximately 10 minutes away.
The location skews toward buyers coming from Hendricks County communities, western Indianapolis neighborhoods (Avon, Plainfield, Brownsburg), or buyers relocating from outside Indiana who want a western suburb with good highway access to downtown and the airport (Indianapolis International is roughly 20 minutes).
How Stoney Meadow Compares
| Community | County | Homes | Price Range | HOA Est. |
|---|---|---|---|---|
| Stoney Meadow | Hendricks | 170 | Low $200s–mid $300s | ~$170/mo |
| Vandalia by Del Webb | Hendricks | 475 | $260K–$420K | ~$265/mo |
| Kimblewick by Del Webb | Hamilton | 500+ | $343K+ | ~$265/mo |
| Sagebriar by Del Webb | Johnson | 524 | $280K+ | ~$265/mo |
Within Hendricks County, Vandalia by Del Webb is the natural comparison: larger community, bigger amenity package, but $60K–$100K+ higher price point and higher HOA fees. Stoney Meadow makes sense if the lower mortgage matters more than the clubhouse.
What to Verify Before Buying
Because Stoney Meadow opened in 2025, some details are still evolving. Before signing a contract, confirm: (1) the exact HOA fee and what it covers, (2) whether the community has a CDD or special assessment district, (3) the builder's warranty terms, and (4) the HOA's reserve fund policy on a new community. New communities don't always have reserve studies completed at opening — ask for the HOA's plan.
Get Connected with a Stoney Meadow Specialist
We work with agents who know Hendricks County's 55+ market and can help you compare Stoney Meadow against Vandalia and other options before you visit.
Request Agent IntroductionRelated Indianapolis 55+ Research
Indianapolis 55+ Community Guide · Vandalia by Del Webb · Sagebriar by Del Webb · Britton Falls