Lapel, IN
Population 2,568 · Indiana
About Lapel, IN
Lapel is a small town located in Indiana with a population of 2,568 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,563 per year, which is 3% above the national median of $75,149. The median age of 36.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lapel features a median home value of $201,900, which is 18% below the national median of $244,900. This positions Lapel in a moderately priced market relative to the rest of the country. Median monthly rent is $1,229, 6% above the national average of $1,163/month. Of the 1,037 total housing units, 70% are owner-occupied (712 units) and 30% are renter-occupied (301 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lapel shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lapel have an average one-way commute time of 25.7 minutes.
Education & Demographics
28.8% of Lapel residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.8% White, 2.5% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Lapel, IN
Compared to national averages, Lapel has a median household income of $77,563 (3% above the national median of $75,149). Home values average $201,900, which is 18% below the national median. Monthly rent at $1,229 is 6% above the US average of $1,163. Within Indiana, Lapel's income is 12% above the state average of $69,330, and home values are 24% above the state median of $163,409.
Why Live in Lapel, IN?
Lapel offers a strong local economy with a median household income of $77,563, well above the national average, and affordable housing with a median home value of $201,900, below the US average of $244,900, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 7.0%, better than the national average.
Lapel has a population of 2,568 with a median age of 36.4 years. Compare Lapel with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lapel
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rising Sun | 2,570 | $54,821 | $141,500 | Compare |
| Fairmount | 2,575 | $45,163 | $96,700 | Compare |
| Osceola | 2,583 | $63,063 | $178,300 | Compare |
| Rockville | 2,551 | $48,125 | $97,800 | Compare |
| Wakarusa | 2,519 | $76,008 | $202,400 | Compare |
| Butler | 2,632 | $50,179 | $100,700 | Compare |
| Oakland City | 2,635 | $48,750 | $102,000 | Compare |
| Avilla | 2,637 | $73,250 | $174,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lapel With Other Cities
Frequently Asked Questions about Lapel
What is the population of Lapel, IN?
The population of Lapel, IN is 2,568 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Lapel?
The median household income in Lapel, IN is $77,563 per year, which is 3% above the national median of $75,149.
What is the median home value in Lapel?
The median home value in Lapel, IN is $201,900, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lapel?
The median monthly rent in Lapel, IN is $1,229, which is 6% above the national average of $1,163/month.
What is the unemployment rate in Lapel?
The unemployment rate in Lapel, IN is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lapel, IN a good place to live?
Lapel offers above-average incomes, affordable housing, and a strong job market. With a population of 2,568 and a median age of 36.4, the city appeals to a broad range of residents.
How educated is Lapel, IN?
28.8% of residents in Lapel aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lapel?
Key cost-of-living indicators for Lapel, IN: median home value is $201,900 (18% below national), median rent is $1,229/month, and median household income is $77,563. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lapel?
The poverty rate in Lapel, IN is 7.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lapel, IN?
Lapel's population is 1.8% White, 2.5% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.6% two or more races. 0.7% of residents are foreign-born.