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.


Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom12.80%
Two Bedrooms31.70%
Three Bedrooms39.60%
Four Bedrooms13.70%
Five Bedrooms or more0.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1958
Median Value of occupied units$86,800
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1973
Median Monthly Rent asked for vacant units$446

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage6.50%
Home Equity Loan14.10%
Simple Mortgage54.50%
Debt Free24.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%