Lapel, IN—46051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lapel, IN
As of Oct '25, the median home price in Lapel, IN is $219,000, with a year-over-year change of 4.4%. This indicates that home prices in Lapel, IN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 4.4% |
| Single Family | $219,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 4.4% |
3 Bed | $224,000 | 3.7% |
4 Bed | $340,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lapel, IN
As of July '25, Rentcast reports the average rent in Lapel, IN is $945, with a year-over-year rent change of 35.0%. Per bedroom, the median rent as of July '25 in Lapel, IN is 1-bedrooms: $1,040, 2-bedrooms: $848. The most common rental property sizes in Lapel, IN are 2-bedroom and 3-bedroom, accounting for 42.7% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $945 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $980 | $1,040 |
| 2 Bed Rent | $795 | $848 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lapel, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lapel, IN is 35. This is a decrease of -60.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | -24.0% |
Listing Count | 12 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 35 | -60.0% |
Demographics — Lapel, IN
As of the latest ACS Survey released in 2023, Lapel, IN has a population of 2,860, which has increased by 3.7% over the past 5 years. Lapel, IN is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,860 | 3.7% |
% Under 18 | 26.5% | 22.1% |
% Seniors | 13.1% | -29.2% |
% WFH | 13.5% | 164.7% |
% w/ College Degree | 29.8% | 39.9% |
As of the latest ACS Survey released in 2023, Lapel, IN is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Lapel, IN is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.6% of the population in Lapel, IN, and this percentage has increased by 100.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.8% | -2.2% |
% Black | 0.6% | -57.1% |
% Hispanic | 3.6% | -10.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.6% | 100.0% |
Mortgage and Risk — Lapel, IN
According to HUD data as of 2023, there were 120 mortgage originations in Lapel, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Lapel, IN. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 120 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lapel, IN
Lapel, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $980 | $880 |
| 2 Bedroom | $365 | $795 | $1,160 |
| 3 Bedroom | N/A | N/A | $1,520 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Lapel, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $219,000 |
| Median Household Income | $77,400 |