Nappanee, IN Real Estate
According to census data in the year 2000 there were 2,576 housing units in Nappanee.
This represents a 17.3% growth from 2,196 in 1990.
Of those housing units, 2,570 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Nappanee is about 68.6%.
Nappanee's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Nappanee were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 12.80% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $86,800 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $446 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 14.10% |
| Simple Mortgage | 54.50% |
| Debt Free | 24.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
