Quick facts: Kendallville, IN

Quick Facts

95.3
Cost of Living
below US average
10,222
Population
17.32
Crime Rate per 1000
below US average
$59,971
Median Income
below US average
$209,900
Median House Price
above US average
$962.5
Average Rent
below US average
11%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,971.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $209,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $59,971
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $962.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($59,971) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kendallville, IN

Kendallville is a charming city located in Noble County, Indiana. With a population of around 9,000 residents, it serves as a community hub for the surrounding rural areas. The city is characterized by its friendly atmosphere, scenic parks, and a growing economy primarily rooted in manufacturing, healthcare, and retail. Kendallville boasts several parks, including the popular Bixler Lake Park, which offers recreational opportunities such as fishing, boating, picnicking, and walking trails. The city is also known for its historic downtown district, showcasing local shops, restaurants, and cultural attractions. Kendallville hosts community events throughout the year, fostering a strong sense of community spirit. One notable event is the annual Kendallville Harvest Festival, celebrating the area's agricultural heritage. The city's location provides easy access to nearby larger cities such as Fort Wayne, making it an appealing place for those seeking a quieter lifestyle while remaining connected to urban amenities. Overall, Kendallville offers a blend of small-town charm and modern conveniences, making it an inviting place to live or visit.

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