Lapel, IN housing market
The typical Lapel home is worth about $235,000, up 1.1% in a year, 10% below the Indiana typical home.
Home values, sales, trends and how Lapel compares with the towns next door — updated as new data is published.
Lapel at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Lapel | Indiana |
|---|---|---|
| 2017 | $112,000 | $135,000 |
| 2018 | $119,000 | $144,000 |
| 2019 | $132,000 | $154,000 |
| 2020 | $147,000 | $164,000 |
| 2021 | $164,000 | $183,000 |
| 2022 | $189,000 | $209,000 |
| 2023 | $202,000 | $227,000 |
| 2024 | $215,000 | $237,000 |
| 2025 | $225,000 | $249,000 |
| 2026 | $229,000 | $256,000 |
| August 2026 | $235,000 | $260,000 |
17 new homes permitted in 2025
Builders were permitted 17 new homes in Lapel in 2025, all single-family houses, worth about $5.5 million to build. That's 6.4 per 1,000 residents, about the pace of Indiana as a whole. Over the past 10 years, Lapel has permitted 139 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lapel gained 257 residents while 51 new homes were permitted: about 5 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Indiana: 1.7 new residents per new home.
How Lapel ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 13 | 13 | 0 | $4.2 million |
| 2025 | 17 | 17 | 0 | $5.5 million |
| 2024 | 17 | 17 | 0 | $5.5 million |
| 2023 | 46 | 46 | 0 | $14.8 million |
| 2022 | 4 | 4 | 0 | $1.5 million |
| 2021 | 8 | 8 | 0 | $2.5 million |
| 2020 | 12 | 12 | 0 | $3.9 million |
| 2019 | 10 | 10 | 0 | $2.6 million |
| 2018 | 8 | 8 | 0 | $1.9 million |
| 2017 | 4 | 4 | 0 | $1 million |
| 2016 | 13 | 4 | 9 | $2.2 million |
| 2015 | 5 | 5 | 0 | $1.1 million |
| 2014 | 4 | 4 | 0 | $515,000 |
| 2013 | 2 | 2 | 0 | $303,000 |
| 2012 | 2 | 2 | 0 | $303,000 |
| 2011 | 1 | 1 | 0 | $209,000 |
| 2010 | 2 | 2 | 0 | $417,000 |
| 2009 | 1 | 1 | 0 | $101,000 |
| 2008 | 4 | 4 | 0 | $555,000 |
| 2007 | 6 | 6 | 0 | $1.2 million |
| 2006 | 9 | 9 | 0 | $1.8 million |
| 2005 | 11 | 11 | 0 | $2.2 million |
| 2004 | 8 | 8 | 0 | $1.6 million |
| 2003 | 5 | 5 | 0 | $563,000 |
| 2002 | 10 | 10 | 0 | $1.5 million |
| 2001 | 13 | 11 | 2 | $1.6 million |
| 2000 | 13 | 13 | 0 | $1.6 million |
Lapel's permit office reported 2 of 12 months in 2025; the Census estimated the rest.
How Lapel ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Lapel and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lapel | $235K | +1.1% | $1,420 | 17 | $79,778 |
| Wayne | — | +2.4%† | $1,590 | — | $94,037 |
| Stony Creek | — | −4.6%† | $1,400 | — | $79,250 |
| Pendleton | $336K | +1.9% | $1,420 | 75 | $86,806 |
† FHFA price index change, where Zillow has no home value for the town.
2.9 years of income
The typical Lapel home costs about 2.9 years of the town's median household income, less than across Indiana (3.6 years).
How Lapel ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,420
HUD's Fair Market Rent for a two-bedroom in Lapel is $1,420 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lapel pay a median of $1,318. A two-bedroom takes about 21% of the town's median household income.
Studio $1,060 · 4 bedrooms $1,880
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46051, 46064; Anderson, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Lapel
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.