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.
Frequently Asked Questions
What is the average home price in Lapel, IN?
Homes for sale in Lapel, IN have an average home price of $302,287.
Are home prices dropping in Lapel?
Yes, home prices in Lapel are down 4% 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 $297,997. If you put a 20% down payment of $59,600 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K 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 51 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
$295,000
Average Price Per Sq Ft
$166
Number of Homes for Sale
30
Last 12 months Home Sales
25
Median List Price
$297,997
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-18%