Zip 46051 (Lapel, IN) Housing

The housing market in 46051 Lapel, IN is booming! The median value of homes in this area is $189,200, which is much lower than the US House Median Value of $338,100. However, the 1 year appreciation rate for houses in 46051 Lapel, IN is 13.98%, which is higher than the US average of 8.27%. This increase in value makes investing in property here a wise decision and contributes to the overall growth of Lapel as a desirable place to live.

The median home cost in Lapel (zip 46051) is $189,200. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Lapel (zip 46051) is up 18.4%.

Average Age of Homes

- The median age of Lapel (zip 46051) real estate is 48 years old

The Rental Market in Lapel (zip 46051)

- Renters make up 18.3% of the Lapel (zip 46051) population
- 0.0% of houses and apartments in Lapel (zip 46051), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lapel, Indiana	United States
	1,213.0	139,647,020.0
	57	42
	$189,200	$338,100
	18.4%	16.6%
	62.5%	57.0%
	92.9%	101.1%
	$7.03	$10.98
	$973	$2,690
	74.8%	57.4%
	1.8%	11.2%
	23.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.0%	0.4%
	0.0%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.0%	2.4%
	2.1%	2.8%
	13.8%	3.9%
	9.4%	4.5%
	31.6%	11.3%
	19.0%	13.0%
	15.5%	20.1%
	6.3%	13.6%
	1.8%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	8.1%	13.6%
	3.0%	13.2%
	14.6%	14.8%
	8.1%	13.6%
	10.0%	10.0%
	4.8%	4.7%
	29.3%	12.2%

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