Lapel, IN Real Estate

According to census data in the year 2000 there were 797 housing units in Lapel. This represents a 11.9% growth from 712 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 797 were located in what is classified as a rural area.

Homeownership rate in Lapel is about 72%. Lapel's vacancy rate, including seasonal lodging, is about 4.9%. Average household size is 2.5 people.

The majority of houses, apartments or condos in Lapel were built after 1956.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom7.40%
Two Bedrooms33.80%
Three Bedrooms47.30%
Four Bedrooms9.90%
Five Bedrooms or more1.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1956
Median Value of occupied units$82,900
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1955
Median Monthly Rent asked for vacant units$450

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.30%
Home Equity Loan3.80%
Simple Mortgage59.20%
Debt Free29.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.2%