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Lapel, IN—46051

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$218,000
3.8% YoY Growth
Household Income
$77,400
46.2% YoY Growth
Days on Market
117
19.0% Shorter YoY
Home Price Forecast
2.6%
Median Rent
$900
35.0% YoY Growth
1-Bed Rent
$980
N/A
2-Bed Rent
$795
21.1% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lapel, IN

As of Dec '25, the median home price in Lapel, IN is $218,000, with a year-over-year change of 3.8%. This indicates that home prices in Lapel, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$218,0003.8%
Single Family $218,0002.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$164,0002.5%
    3 Bed
    		$222,0002.3%
    4 Bed
    		$337,0003.7%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    4.8%
    2 Bedrooms
    28.5%
    3 Bedrooms
    42.4%
    4 Bedrooms
    20.3%
    5+ Bedrooms
    4.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$900$945
    Studio Rent N/AN/A
    1 Bed Rent $980$1,040
    2 Bed Rent $795$848
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    18.2%
    2 Bedrooms
    42.7%
    3 Bedrooms
    30.6%
    4 Bedrooms
    8.6%

    Property Listings — Lapel, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lapel, IN is 71. This is a decrease of -55.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$255,000-15.0%
    Listing Count
    		7-10.0%
    Listings as % of Homes0.3%-10.0%
    Days on Market
    		117-19.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		2,8603.7%
    % Under 18
    		26.5%22.1%
    % Seniors
    		13.1%-29.2%
    % WFH
    		13.5%164.7%
    % w/ College Degree
    		29.8%39.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$100$980$880
    2 Bedroom$365$795$1,160
    3 BedroomN/AN/A$1,520
    4 BedroomN/AN/A$1,540

    Affordability — Lapel, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$218,000
    Median Household Income$77,400

    Lapel, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions