Why Live in Lapel
Lapel is a small town known for its laid-back atmosphere and proximity to employment and entertainment hubs in Hamilton County. With a population of around 2,500, it offers a slower pace of life and a strong sense of community, as evidenced by the local response to tornadoes in 2025. The town features a mix of midcentury cottages, bungalows, ranch-style, and gable-front homes, along with newer subdivisions showcasing traditional, modern farmhouse, and Craftsman-style homes. Lapel's parks, including Brookside Park, Memorial Park, and Woodward Park, provide recreational opportunities with sports complexes, playgrounds, and walking trails. Residents are less than 10 miles from Ruoff Music Center and Geist Reservoir, and about 12 miles from Harrah’s Hoosier Park Casino Racetrack. Dining options in downtown Lapel include King Dough and Smoky’s Concession Stand, while shopping needs are met at nearby Hamilton Town Center, just 10 minutes away. The town hosts the annual Village Fair, a two-day event with live music, vendors, and a parade. Lapel High School, part of the Frankton-Lapel Community Schools district, offers Advanced Placement courses and dual-credit classes. The town is less than 10 miles from Anderson and Noblesville, with downtown Indianapolis reachable in about 45 minutes via I-69.
Frequently Asked Questions
What is the average home price in Lapel, IN?
Homes for sale in Lapel, IN have an average home price of $305,344.
Are home prices dropping in Lapel?
Yes, home prices in Lapel are down 5% in the last 12 months.
How many homes have sold over the last 12 months in Lapel, IN?
25 homes have sold in Lapel, IN over the last 12 months.
What are the most popular zip codes in Lapel, IN?
How much do you need to make to afford a house in Lapel?
The median home price in Lapel is $310,497. If you put a 20% down payment of $62,100 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,610 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Lapel.
How are the schools in Lapel, IN?
Home Trends in Lapel, IN
On average, homes in Lapel, IN sell after 55 days on the market compared to the national average of 50 days. The median sale price for homes in Lapel, IN over the last 12 months is $235,000, down 18% from the median home sale price over the previous 12 months.
Median Sale Price
$235,000
Median Single Family Sale Price
$299,999
Average Price Per Sq Ft
$163
Number of Homes for Sale
21
Last 12 months Home Sales
25
Median List Price
$310,497
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-18%