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Affordable
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These days, finding an affordable place to live in the Lapel area can be challenging. Home prices in Lapel are now at a median cost of $205,556, lower than the Indiana average of $232,932.
The average cost of rent is $1,259/mo in Lapel, primarily driven by the current value of real estate in the Lapel area. In Lapel, 26.30% of households rent, and 28.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lapel is $7,049 per month. Households that rent pay about 17.86% of their income on rent here. Lapel’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hardscrabble, IN: higher priced homes
- Perkinsville, IN: higher priced homes
- Strawtown, IN: higher priced homes
- Edgewood, IN: less expensive homes
- Pendleton, IN: higher priced homes
- Clare, IN: higher priced homes
- Ingalls, IN: equally priced homes
- Fortville, IN: higher priced homes
- Woodlawn Heights, IN: equally priced homes
- Noblesville, IN: higher priced homes
Cities with Similar Populations
- Youngwood, PA: less expensive homes
- Youngsville, PA: less expensive homes
- Carson, WA: higher priced homes
- Ash Grove, MO: equally priced homes
- Elm Mott, TX: higher priced homes
- Elmira, MI: higher priced homes
- Utica, MS: less expensive homes
- Madawaska, ME: less expensive homes
- Mattapoisett, MA: higher priced homes
- Moss Beach, CA: higher priced homes
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