In Nappanee, a typical home is worth $238,600 and typical rent is $856 a month. Compared with all of Elkhart County, typical rent is 18% lower, the typical home value is 13% higher, and the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $226,553 to $299,199.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Nappanee is in Elkhart County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Elkhart County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Plymouth, the typical home value is $131,800: 45% less than in Nappanee ($238,600).
2
Nappanee has the 8th largest share of rent-burdened renters of the 120 cities in Indiana with more than 5,000 people (64%).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Nappanee rose 6%; in Indiana, it rose 2.9%.
4
The typical rent in Nappanee is $856 a month, 18% less than in Elkhart County as a whole ($1,047).
5
63% of households in Nappanee own their home, against 72% in Elkhart County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Nappanee
What homes there are in Nappanee, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Nappanee
Elkhart County
Indiana
United States
Kind of home: Nappanee and its comparisons
Measure
Nappanee
Elkhart County
Indiana
United States
Detached house
64%
70%
73%
61%
Attached house
Unreliable estimate
3%
4%
6%
Building of 2 to 4
11%
7%
6%
8%
Apartments (5 or more)
Unreliable estimate
12%
13%
19%
Mobile home
Unreliable estimate
8%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Nappanee (64%), but less so than in Elkhart County (70%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Nappanee
Elkhart County
Indiana
United States
Year built: Nappanee and its comparisons
Measure
Nappanee
Elkhart County
Indiana
United States
Before 1960
35%
31%
31%
26%
1960–1979
13%
24%
24%
24%
1980–1999
21%
27%
23%
25%
2000–2009
11%
12%
12%
14%
2010 or later
Unreliable estimate
8%
10%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K33%
$200K–$300K23%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Nappanee and its comparisons
Measure
Nappanee
Under $100K
Unreliable estimate
$100K–$200K
33%
$200K–$300K
23%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99959%
$1,000–$1,49931%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Nappanee and its comparisons
Measure
Nappanee
Under $500
Unreliable estimate
$500–$999
59%
$1,000–$1,499
31%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,538 a month
Elkhart County: $1,323 a month
Without a mortgage
$594 a month
Elkhart County: $500 a month
Owners with a mortgage
72%
Elkhart County: 63%
In Nappanee, 72% of owners have a mortgage, and their typical cost is $1,538 a month, against $1,323 in Elkhart County. Without one it drops to $594.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Nappanee+94%
Elkhart County+46%
Indiana+54%
United States+53%
Typical rent
NappaneeNo clear change
Elkhart County+29%
Indiana+29%
United States+33%
Typical household income
Nappanee+25%
Elkhart County+20%
Indiana+28%
United States+29%
Change since 2015–2019: Nappanee and its comparisons
Measure
Nappanee
Elkhart County
Indiana
United States
Typical home value
+94%
+46%
+54%
+53%
Typical rent
No clear change
+29%
+29%
+33%
Typical household income
+25%
+20%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Nappanee rose 94%; in Elkhart County, it rose 46%.
Since 2015–2019, the typical rent in Nappanee did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Nappanee and its comparisons
Measure
Nappanee
Elkhart County
Indiana
United States
Rental vacancy
Unreliable estimate
12.0%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
2.6%
1.8%
3.4%
People per household
2.45
2.83
2.46
2.53
Drive alone
74%
74%
76%
69%
Carpool
Unreliable estimate
16%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
4%
2%
3%
Work from home
Unreliable estimate
5%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Households in Nappanee are smaller: 2.45 people on average; in Elkhart County, 2.83.
In Nappanee, 74% of workers drive alone to work; in Elkhart County, 74%.
Do the math
What would you pay each month for a home in Nappanee?
A typical home is tight for the typical income
We start with a typical home in Nappanee, worth $238,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Nappanee, which is $68,892 a year. For that payment to be 28% of income, a household would need to earn about $83,107 a year.
The calculator's FHA and conventional loan limits are those of all of Elkhart County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Nappanee. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,351 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,939
at 7.18% · 30 years
Loan amount
$234,278
Total interest
$337,072
Paid off in
November 2056
Includes $4,029 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,607 a month
Tight
$1,607 to $2,067 a month
Your payment · 34%
Hard
more than $2,067 a month
Compared with the typical household income in Nappanee ($68,892 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,587
Property tax
$147
Home insurance
$99
FHA mortgage insurance (MIP)
$106
You need at least $8,351 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,939; principal and interest $1,587.
The city and its county
Nappanee and Elkhart County
Nappanee is in Elkhart County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Nappanee
Map of Elkhart County, Indiana, with Nappanee marked. Around it, the neighboring counties.
Nappanee
Elkhart County
Other cities with a page
Nappanee's own numbers
Typical home value
$238,600
Typical monthly rent
$856
Typical yearly household income
$68,892
Households that own their home
63%
Effective property tax rate
0.74%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Elkhart County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,253
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Elkhart County.
A typical home in Nappanee is worth $238,600: 13% above the county and 9% above Indiana. With the typical household income in Nappanee ($68,892 a year), a typical home costs 3.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Nappanee3.5 years
Elkhart3.1 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Elkhart County
According to FHFA’s house price index, home prices in Elkhart County rose 99% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Elkhart County.
Yearly change in FHFA’s price index in Elkhart County, 2016 to 2025
2016: +5.2% +5.2% 2016
2017: +5.5% +5.5% 2017
2018: +7.1% +7.1% 2018
2019: +4.9% +4.9% 2019
2020: +4.4% +4.4% 2020
2021: +11.7% +11.7% 2021
2022: +15.6% +15.6% 2022
2023: +6.7% +6.7% 2023
2024: +4.7% +4.7% 2024
2025: +5.8% +5.8% 2025
Change in FHFA’s price index in Elkhart County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+5.8%
+4.3%
+2.9%
5 years (2020–2025)
+53%
+53%
+47%
10 years (2015–2025)
+99%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Nappanee next to Elkhart County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Nappanee$238,600
Elkhart$210,400
Indiana$218,200
United States$332,700
Typical monthly rent
Nappanee$856
Elkhart$1,047
Indiana$1,062
United States$1,413
Typical yearly household income
Nappanee$68,892
Elkhart$68,561
Indiana$71,957
United States$80,734
See the full table
Nappanee next to Elkhart County and Indiana
Measure
Nappanee
Elkhart County
Indiana
U.S.
Typical home value
$238,600 ▲13% above the county
$210,400
$218,200
$332,700
Typical monthly rent
$856 ▼18% below the county
$1,047
$1,062
$1,413
Typical yearly household income
$68,892
$68,561
$71,957
$80,734
Households that own their home
63% ▼8 points below the county
72%
71%
65%
Typical yearly property tax
$1,765 ▲3% above the county
$1,717
$1,614
$3,119
Effective property tax rate
0.74% ▼0.08 points below the county
0.82%
0.74%
0.94%
Renters with high rent for their income
64% ▲16 points above the county
48%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Elkhart County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Nappanee
For a typical $238,600 home in Nappanee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Nappanee's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,939a month
Least cash to close
Down payment
$8,351
Cash to close
$15,509
Rate
7.18%
Mortgage insurance
FHA MIP · $106
Conventional, 5% down$1,895a month
Down payment
$11,930
Cash to close
$19,088
Rate
7.18%
Mortgage insurance
PMI · $113
Conventional, 20% down, no PMI$1,540a month
Down payment
$47,720
Cash to close
$54,878
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,760a month
Down payment
$35,790
Cash to close
$42,948
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Nappanee
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,939
$8,351
$234,278
7.18%
FHA MIP · $106
$15,509
580
Conventional, 5% down
$1,895
$11,930
$226,670
7.18%
PMI · $113
$19,088
620*
Conventional, 20% down, no PMI
$1,540
$47,720
$190,880
7.18%
None
$54,878
620*
ITIN, 15% down (example)
$1,760
$35,790
$202,810
8.18%
None
$42,948
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Nappanee is $856 a month: 18% below the county. In Nappanee, 64% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Elkhart County, by unit size. To pay the 2-bedroom one ($1,253 a month) without spending more than 30% of your income, you would need to earn $24.10 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Elkhart County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,008
$19.38
$40,320
1 bedroom
$1,048
$20.15
$41,920
2 bedrooms
$1,253
$24.10
$50,120
3 bedrooms
$1,653
$31.79
$66,120
4 bedrooms
$1,752
$33.69
$70,080
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Nappanee
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Nappanee is in ZIP code 46550.
For 2 bedrooms it is $1,170: $83 less than the fair market rent for Elkhart County ($1,253).
Fair market rent by ZIP code and size in Nappanee, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46550
$880
$1,000
$1,170
$1,420
$1,540
ZIP code2 bd3 bd
46550 $1,170$1,420
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Nappanee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Elkhart County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Nappanee or Elkhart County. The ones below are statewide in Indiana: they work in Nappanee the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Nappanee or Elkhart County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Nappanee and all of Elkhart County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Nappanee?
The typical home value in Nappanee is $238,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Elkhart County it is $210,400.
How much does it cost to rent in Nappanee?
Typical rent in Nappanee is $856 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Elkhart County is $1,253.
What is the FHA loan limit in Nappanee?
Nappanee uses the FHA limit for all of Elkhart County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Nappanee?
The typical homeowner in Nappanee pays $1,765 a year, according to the U.S. Census Bureau. That is 0.74% of the home’s value; in Elkhart County, the rate is 0.82%.
Where can I find free help to buy or rent in Nappanee?
There are 2 HUD-approved counseling agencies with an office in Elkhart County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
