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Why Live in Lapel
Lapel, Indiana, is a small town with a population of around 2,500, offering a laid-back lifestyle and convenient commuting options to nearby Hamilton County. The town has deep agricultural roots, demonstrated by the community's support for local farmers after tornadoes in April 2025. Housing in Lapel includes midcentury cottages, bungalows, ranch-style, and gable-front homes, along with new builds featuring traditional, modern farmhouse, and Craftsman styles. The town's lower median home price of $250,000 is a significant draw compared to neighboring Noblesville and Fishers. Lapel's schools, part of the Frankton-Lapel Community Schools district, are highly rated, with Lapel High School offering Advanced Placement and dual-credit classes. Community spirit is evident at local sports events, where residents cheer on the Lapel High School Bulldogs. Lapel features several parks, including Brookside Park with its sports complex, Memorial Park's skatepark, and Woodward Park's splash pad and playground. Residents enjoy proximity to Ruoff Music Center, Geist Reservoir, and Harrah’s Hoosier Park Casino Racetrack. Dining options include King Dough and Pax Verum Brewing Company, and Smoky’s Concession Stand. For shopping, Hamilton Town Center is a short drive away. The annual Village Fair is a cherished tradition, attracting former residents back to town. Lapel is less than 10 miles from Anderson and Noblesville, with downtown Indianapolis reachable in about 45 minutes via I-69.
Home Prices in Lapel, IN
The median home sale price in Lapel, IN is $260,000, up 11% year-over-year. Homes in Lapel sell in 47 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$260,000
|
Median Single Family Sale Price
$285,000
|
|
Median 2 Bedroom Sale Price
$165,000
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Average Price Per Sq Ft
$168
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Number of Homes for Sale
20
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Last 12 months Home Sales
39
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Months of Supply
6.20
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Median List Price
$302,500
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Median Change From 1st List Price
4%
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Median Home Sale Price YoY Change
11%
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