Lapel, IN
Data last updated April 26, 2026
Data last updated April 26, 2026
Construction Value
$5.5M ▼ 63.2%
Units Permitted
17 ▼ 63%
Avg Value / Unit
$321K
2024 · Census Bureau Building Permits Survey
Construction activity in Lapel slowed in 2024, down 63% from the prior year with 17 housing units permitted. At $321K per unit, new builds are running 25% above the Madison County average of $258K, pointing to higher-end construction. Volume is still modest compared to neighboring towns (81% fewer units than the county average of 90), but the investment per project is strong. All permits were for single-family homes.
Housing Mixi
Development Densityi
Units per building permitted
All construction is single-family detached homes.
Construction Intensityi
$2K
per resident
County avg: $30K-93%
$526K
per square mile
Lapel vs. Madison County County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 17 | 17 | $5.5M | 100% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 0 | 0 | — | 0% |
County Ranking by Construction Volume
Among 12 permit-issuing towns in Madison County County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →