<SUBMISSION>
<ACCESSION-NUMBER>0001179110-17-008589
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20170601
<FILING-DATE>20170605
<DATE-OF-FILING-DATE-CHANGE>20170605
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>AV Homes, Inc.
<CIK>0000039677
<ASSIGNED-SIC>1531
<IRS-NUMBER>231739078
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>8601 N. SCOTTSDALE RD.
<STREET2>SUITE 225
<CITY>SCOTTSDALE
<STATE>AZ
<ZIP>85253
<PHONE>4802147400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>8601 N. SCOTTSDALE RD.
<STREET2>SUITE 225
<CITY>SCOTTSDALE
<STATE>AZ
<ZIP>85253
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AVATAR HOLDINGS INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>GAC CORP /DE/
<DATE-CHANGED>19801023
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>GENERAL ACCEPTANCE CORP
<DATE-CHANGED>19710208
</FORMER-COMPANY>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>SIMON JOEL M
<CIK>0001287709
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>001-07395
<FILM-NUMBER>17892071
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>35 MIDWOOD CROSS
<CITY>ROSLYN
<STATE>NY
<ZIP>11576
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2017-06-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000039677</issuerCik>
        <issuerName>AV Homes, Inc.</issuerName>
        <issuerTradingSymbol>AVHI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001287709</rptOwnerCik>
            <rptOwnerName>SIMON JOEL M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>35 MIDWOOD CROSS</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ROSLYN</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11576</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2017-06-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4321</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>23937.9568</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The units granted to the Reporting Person vest in full on the earlier of June 1, 2018 or the day immediately preceding the 2018 annual meeting of stockholders, provided that the Reporting Person is a member of the Issuer's board of directors on such date. Upon vesting each unit will be settled in one share of the Issuer's Common Stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Gary Shullaw, attorney-in-fact for Joel M. Simon</signatureName>
        <signatureDate>2017-06-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
