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Home values, rents and more in Lapel, IN

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$229,000
Metro: $292,000 · U.S.: $366,000
Home values, past year
+1.8%
Metro: +1.0% · U.S.: +1.2%
Population
2,668
ACS 2020–24
Median household income
$79,778
Metro: $79,852 · U.S.: $80,734
ZIP codes around Lapel, IN, shaded by typical home valueLapel46051
  • Under $230k
  • $230k–$290k
  • $290k–$340k
  • $340k–$380k
  • $380k+
  • No data
ZIP codes around Lapel, IN, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Lapel is outlined.

How Lapel compares

The typical home in Lapel, IN is worth about $229,000, according to the Zillow Home Value Index for September 2026. Home values in Lapel are 21% below the typical value in the Indianapolis metro area ($292,000) and 37% below the U.S. typical value ($366,000).

Over the past year, home values in Lapel rose 1.8%, compared with +1.0% in the Indianapolis metro area and +1.2% nationally.

The median household income is $79,778, against $79,852 in the Indianapolis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 2,668 people live in Lapel (American Community Survey 2020–24).

Lapel has the 21st-lowest typical home value of the 77 cities in the Indianapolis metro area and the 271st-lowest of 581 in Indiana with Zillow figures.

Part of: Madison County, IN · Indianapolis metro area · Indiana

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Lapel, IN

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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