Market Overview
Home Prices in Lapel, IN
The median home value in Lapel, IN is $233,112 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lapel are priced43% below average. Lapel is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Lapel home values have risen by approximately30.1%, reflecting strong long-term appreciation in this market.
Price History
Lapel Home Price Trend
City Comparison
Lapel vs. National Median
At $233,112, homes in Lapel cost 43% below the national median of $410,000. This makes Lapel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lapel?
20% Down Payment
$46,622
on $233,112
Monthly P&I
$1,216/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,544/mo
incl. taxes & insurance
Income Needed
$61,760
gross annual (30% rule)
10% Down Option
$23,311
+ PMI applies
Loan Amount (20% dn)
$186,490
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lapel, IN?
The median home value in Lapel is $233,112 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Lapel?
Over the past year, home values in Lapel have increased by 0.6%. Over five years, prices have risen approximately 30.1%.
How much do I need to earn to buy a home in Lapel?
To comfortably afford the median home price of $233,112 with a 20% down payment ($46,622) at today's rates (6.8%), you'd need a gross annual income of approximately $61,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Lapel compare to the national average home price?
The national median home value is approximately $410,000. At $233,112, homes in Lapel are 43% below the national average.
What metro area is Lapel part of?
Lapel is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.