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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 7.40% |
| Two Bedrooms | 33.80% |
| Three Bedrooms | 47.30% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $82,900 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $450 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 59.20% |
| Debt Free | 29.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
