Nappanee, IN is a great place to invest in property given its current housing median value of $229,000. This is far lower than the US house median value of $338,100, making it an attractive option for buyers looking for a good deal. Furthermore, the 1 year house appreciation rate in Nappanee has been 13.05%, which surpasses the 8.27% seen nationwide. With such promising signs, now is a great time to consider investing in real estate in Nappanee, IN.
The median home cost in Nappanee is $229,000. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Nappanee is up 16.4%.
Average Age of Homes
- The median age of Nappanee real estate is 43 years old
The Rental Market in Nappanee
- Renters make up 27.8% of the Nappanee population
- 2.1% of houses and apartments in Nappanee, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.