HomeIndianaMadison CountyLapel town
Lapel town, Indiana: commercial real estate data.
Lapel town is a Census town of 2,668 people across 10.37 square miles of land, in Madison County. Median household income is $79,778, 70.2 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $517,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lapel
What Lapel is
- Census place typetown
- Land area10.37 sq mi
- Water area0 sq mi
- Population per square mile of land257
- County holding the largest share of its areaMadison County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lapel
How many people live in Lapel
- Population2,668
- Median age34.1
- Population under 18714 plus or minus 153
- Share under 1826.8 percent
- Population 65 and over336 plus or minus 74
- Share 65 and over12.6 percent
- Households1,042
- Family households706
- Share of households that are families67.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lapel
Income and work in Lapel
- Median household income$79,778
- Per capita income$36,949
- Civilian labor force1,475
- Employed1,382
- Unemployed93 plus or minus 60
- Unemployment rate6.3 percent plus or minus 4.0
- Adults 25 and over1,723
- Adults 25 and over with a high school diploma or higher95.6 percent
- Adults 25 and over with a bachelor degree or higher25.8 percent plus or minus 6.2
- Adults 25 and over with a graduate degree6.0 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lapel
Housing in Lapel
- Housing units1,077
- Occupied units1,042
- Vacant units35 plus or minus 40
- Vacancy rate3.2 percent plus or minus 3.7
- Owner occupied731
- Renter occupied311 plus or minus 103
- Ownership rate70.2 percent
- Median owner-occupied home value$220,400
- Median gross rent, monthly$1,318 plus or minus $277
- Annual rent as a share of median income19.8 percent plus or minus 5.3
- Single family units893
- Share single family82.9 percent
- Units in buildings of two or more170 plus or minus 96
- Share in buildings of two or more15.8 percent plus or minus 8.7
- Mobile homes14 plus or minus 14
- Median year structure built1975
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lapel
How Lapel gets to work
- Workers 16 and over who commute1,124
- Commuting under 15 minutes255 plus or minus 109
- Share commuting under 15 minutes22.7 percent plus or minus 8.6
- Commuting 30 minutes or more482 plus or minus 161
- Share commuting 30 minutes or more42.9 percent plus or minus 11.7
- Drove alone75.7 percent
- Carpooled3.7 percent plus or minus 2.7
- Public transport0.0 percent
- Walked3.4 percent plus or minus 4.6
- Worked from home16.7 percent plus or minus 4.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lapel
SBA loans in Lapel (7(a))
- Approvals3
- Gross approval$517,000
- Average approval$172,333
- Median approval$150,000
- Ninetieth percentile approval$317,000
- Largest approval$317,000
- Jobs supported4
- Jobs per approval1.3
- Loans with a final outcome2
- Paid in full1
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County, not Lapel
Madison County context, not Lapel figures
These are Madison County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lapel measurements.
- Establishments in Madison County2,353
- Employment at those establishments, Madison County34,645
- Covered employment, Madison County40,192
- Average annual pay, Madison County$49,965
- Average weekly wage, Madison County$961
- Housing units permitted, Madison County186
- Of those, single family, Madison County186
- County product, 2024, Madison County$5,525,746,000
- County product change over the prior year, Madison County6.0 percent
- Average income of an arriving household, Madison County$49,810
Every figure in this section is published for Madison County as a whole and is not a measurement of Lapel. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lapel questions, answered from the record.
How many people live in Lapel, Indiana?
2,668, in 1,042 households. Lapel town covers 10.37 square miles of land, which is 257 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lapel in?
Madison County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lapel?
$79,778. The median owner-occupied home is valued at $220,400. Median gross rent is $1,318 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lapel businesses?
3 7(a) approvals totalling $517,000, across 3 lenders, median approval $150,000. These count approvals to borrowers whose address is in Lapel, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lapel borrowers get paid back?
No rate is published for Lapel. only 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lapel figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Madison County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lapel.
Is zoning published for Lapel?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.