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ZipNumbers

Indiana · Census place 42228

Lapel town, IN

Quick answer

Lapel town has 2,568 residents, ranking #197 of 976 places in Indiana. Median household income is $77,563, the median home is worth $201,900 and median gross rent runs $1,229 a month.

Population
2,568Lapel town residents
Median household income
$77,563Past 12 months, inflation adjusted
Median home value
$201,900Owner-occupied units
Median gross rent
$1,229Rent plus utilities, monthly
Median age
36.4 yrsAll residents
Homeownership rate
70.3%Owner-occupied households

What the numbers mean in Lapel town

Housing cost measured against local earnings.

A household earning the Lapel town median would spend about 19% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7% of residents and 70.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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