<SUBMISSION>
<ACCESSION-NUMBER>0001179110-18-007937
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20180531
<FILING-DATE>20180604
<DATE-OF-FILING-DATE-CHANGE>20180604
<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>18878407
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>35 MIDWOOD CROSS
<CITY>ROSLYN
<STATE>NY
<ZIP>11576
</MAIL-ADDRESS>
</REPORTING-OWNER>
<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>
<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>2018-05-31</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>2018-05-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3815</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>27752.9568</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 May 31, 2019 or the day immediately preceding the 2019 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>2018-06-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
