Nappanee, IN


Highest Appreciating Nappanee Neighborhoods Since 2000

Nappanee, IN Real Estate Data

Nappanee Housing Market Information

With 6,787 people, 2,423 houses or apartments, and a median cost of homes of $155,401, Nappanee real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Nappanee, accounting for 61.83% of the city's housing units. Other types of housing that are prevalent in Nappanee include duplexes, homes converted to apartments or other small apartment buildings ( 14.21%), large apartment complexes or high rise apartments ( 12.51%), and a few row houses and other attached homes ( 6.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nappanee. Owner-occupied housing accounts for 68.51% of Nappanee's homes, and 52.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nappanee 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 Nappanee built between 1940-1969 ( 24.44%). A lesser amount of the housing stock also hails from before 1939 ( 19.07%). There's also some housing in Nappanee built between 2000 and later ( 19.03%).

Vacant housing appears to be an issue in Nappanee. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant Nappanee homes and apartments can be a drag on the real estate market, holding Nappanee 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.

Nappanee Home Appreciation Rates

Real estate appreciation rates in Nappanee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.17% during the period.

Over the last year, Nappanee appreciation rates have trailed the rest of the nation. In the last twelve months, Nappanee's appreciation rate has been 3.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nappanee were at 0.57%, which equates to an annual appreciation rate of 2.32%.

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

Relative to Indiana, our data show that Nappanee's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values


Median Home Value:


Value Range
> $1,114,000 1.1
$835,001 - $1,114,000 0.1
$557,001 - $835,000 2.2
$446,001 - $557,000 0.4
$335,001 - $446,000 3.3
$223,001 - $335,000 9.4
$111,001 - $223,000 57.6
$55,001 - $111,000 23.2
$0 - $55,000 2.7

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
48.4452772735258 26.6968325791855

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$747 / per month

Homeownership Rate

Owners 68.51
Renters 31.49
Vacant 10.82

Housing Market Details


Age of Homes

2000 or Newer 19.0
1970 - 1999 37.5
1940 - 1969 24.4
1939 or Older 19.1

Types of Homes

Single-Family 61.8
Townhomes 6.4
Small Apt. Buildings 14.2
Apt. Complexes 12.5
Mobile Homes 5.0
Other 0.0

Home Size

No Bedroom 3.09
1 Bedroom 15.94
2 Bedrooms 27.09
3 Bedrooms 34.71
4 Bedrooms 18.00
5 or more bedrooms 1.18

Nappanee Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
23.90% 1.27% 6 2
* 10 is highest

Popular Neighborhoods in Nappanee

Zip Codes in Nappanee, IN