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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Kendallville, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kendallville, IN Housing Market Trends

With 10,222 people, 4,124 houses or apartments, and a median cost of homes of $177,515, house prices in Kendallville are solidly below the national average.

Single-family detached homes are the single most common housing type in Kendallville, accounting for 60.29% of the city's housing units. Other types of housing that are prevalent in Kendallville include large apartment complexes or high rise apartments ( 19.56%), duplexes, homes converted to apartments or other small apartment buildings ( 8.63%), and a few mobile homes or trailers ( 6.55%).

The most prevalent building size and type in Kendallville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.07% owning and 37.93% renting.

There is a lot of housing in Kendallville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kendallville built before 1939 ( 28.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.53%). There's also some housing in Kendallville built between 2000 and later ( 9.22%).

Vacant housing appears to be an issue in Kendallville. Fully 11.96% of the housing stock is classified as vacant. Left unchecked, vacant Kendallville homes and apartments can be a drag on the real estate market, holding Kendallville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kendallville Home Appreciation Rates

Real estate appreciation rates in Kendallville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.51% during the period.

NeighborhoodScout's data show that during the latest twelve months, Kendallville's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Kendallville's appreciation rate has been -1.49%, which annualizes to a rate of -5.81%.

Notably, Kendallville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Kendallville's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$177,515

Kendallville, IN Home Prices
> $1,259,000
$944,001 - $1,259,000
$630,001 - $944,000
$504,001 - $630,000
$378,001 - $504,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.0%
0.0%
0.3%
0.3%
1.8%
1.8%
5.5%
5.5%
2.9%
2.9%
14.0%
14.0%
45.4%
45.4%
24.7%
24.7%
5.4%
5.4%
0% 100.0%
% of Homes
Low

for Indiana

Low

for nation

Number of Homes And Apartments:

4,124

Kendallville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,008 / per month

Homeownership Rate

Owners
Renters
62.1%
62.1%
37.9%
37.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.0%
12.0%
88.0%
88.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.2%
9.2%
43.5%
43.5%
18.5%
18.5%
28.8%
28.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.3%
60.3%
5.0%
5.0%
8.6%
8.6%
19.6%
19.6%
6.6%
6.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
15.3%
15.3%
27.0%
27.0%
43.0%
43.0%
11.2%
11.2%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Kendallville

Zip Codes in Kendallville, IN