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Land Foreclosures in Lapel, IN

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Lapel, IN Foreclosures

How much do homes sell for in Lapel, IN?
The average home price is currently $247,881.
In Lapel, IN, how many homes are available?
There are currently 3 active home listings available in Lapel.
What’s the average rental cost in Lapel, IN?
The average rental price in Lapel is $1,071.
What is the most expensive home in Lapel?
The most expensive home sold in Lapel had a price of $2,129,720.
What is currently the cheapest priced home in Lapel, IN?
The cheapest home for sale in Lapel is priced at $26,563.

Living in Lapel, IN

Lapel, IN, is a charming small town that offers a peaceful suburban lifestyle with a strong sense of community. Known for its friendly neighborhoods and local parks, it provides residents with various recreational opportunities. The town's location near larger cities enhances accessibility to additional amenities and attractions.

Current Market Conditions in Lapel, IN

The real estate market in Lapel is currently trending upward, with increased buyer interest and a modest inventory level. Homes have seen steady appreciation over the past year, which has made this an attractive time for sellers.

Inventory levels remain relatively low, but demand is high, particularly for single-family homes. As more families and young professionals look for affordable housing options, Lapel remains an appealing choice due to its competitive pricing compared to nearby urban areas.

Home Value Estimator For Lapel, IN

There are currently 1,118 real estate properties in Lapel, IN, with a median automated valuation model (AVM) price of $220,583.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lapel, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lapel, IN, is $247,881.00, with the most expensive house in Lapel, IN, topping out at $2,129,720.00 and the cheapest home in Lapel, IN, clocking in at $26,563.00. In other words, there’s something for every potential homebuyer or savvy investor in Lapel, IN!

Rent Prices In Lapel, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lapel, IN, is on a rollercoaster ride. The average rent price in Lapel, IN, is $1,071.00. Indeed, when looking to rent in Lapel, IN, you can expect to pay as little as $580.00 or as much as $1,650.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Lapel, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lapel, IN Land


Market Trend for Lapel, IN

Total Listings Available: 3

Market Values:

Home Prices from $26,563 to $2,129,720

Average Sales Price: $247,881

Rental Values:

Rental from $580 to $1,650

Average Rent Value: $1,071 / month

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