The housing market in Lapel, IN is thriving. The median value of a home in Lapel is $191,800, which is significantly less than the median house value in the US of $338,100. Despite this gap, the one year appreciation rate for homes in Lapel outpaces that of the US, showing an increase of 13.98% compared to 8.27%. This indicates that Lapel is a great place to invest in real estate with property values continuing to appreciate quickly.
The median home cost in Lapel is $191,800. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Lapel is up 18.4%.
Average Age of Homes
- The median age of Lapel real estate is 49 years old
The Rental Market in Lapel
- Renters make up 21.0% of the Lapel population
- 0.0% of houses and apartments in Lapel, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.