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 Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||3.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.2%|