House Prices

Lamb Lake Trafalgar, IN House Prices & Home Values 2026


Average Data

average house price$227,444
average size per house2217 ft²
average price per ft²105 $ / ft²

05/19/2026 - The value range (VR) for house prices in Lamb Lake Trafalgar, IN is $99.75/ sqft to $110.25/ sqft. An average home with 2217 sqft costs approximately $226,233 to $250,047. Trafalgar, IN includes 1 ZIP codes and it is located in Johnson county. The lowest prices are found in ZIP 46181, while the highest are in ZIP 46181. The average price per sqare feet is $105. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Lamb Lake Trafalgar

46181115 $ / ft²




Historical development of home values in Lamb Lake Trafalgar

Year Estimated value (USD) Change vs. 2025
2010 $105,629 -53.6%
2011 $101,544 -55.4%
2012 $101,271 -55.5%
2013 $105,056 -53.8%
2014 $110,280 -51.5%
2015 $115,940 -49.0%
2016 $121,991 -46.4%
2017 $128,575 -43.5%
2018 $135,683 -40.3%
2019 $141,975 -37.6%
2020 $149,314 -34.4%
2021 $169,829 -25.3%
2022 $197,982 -13.0%
2023 $208,781 -8.2%
2024 $220,860 -2.9%
2025 $227,444 0.0%

Graph: estimated home values in Lamb Lake Trafalgar over time (USD)



Example: 100% financing house in Lamb Lake Trafalgar

Loan amount: $227,444

Interest rate: 6.14%

Fixed monthly payment: $1,383.89

Breakdown in the 1st month:
Interest portion: $1,163.38  –  Principal portion: $220.51

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,884.79 $2,721.85 $224,722.15
2 $13,712.94 $2,893.70 $221,828.45
3 $13,530.24 $3,076.40 $218,752.06
4 $13,336.01 $3,270.63 $215,481.43
5 $13,129.51 $3,477.13 $212,004.30
6 $12,909.98 $3,696.66 $208,307.64
7 $12,676.58 $3,930.05 $204,377.59
8 $12,428.45 $4,178.18 $200,199.41
9 $12,164.66 $4,441.98 $195,757.43
10 $11,884.21 $4,722.43 $191,035.00
11 $11,586.05 $5,020.59 $186,014.41
12 $11,269.06 $5,337.57 $180,676.84
13 $10,932.07 $5,674.57 $175,002.27
14 $10,573.80 $6,032.84 $168,969.43
15 $10,192.90 $6,413.73 $162,555.70
16 $9,787.96 $6,818.67 $155,737.02
17 $9,357.46 $7,249.18 $148,487.84
18 $8,899.77 $7,706.87 $140,780.97
19 $8,413.18 $8,193.45 $132,587.52
20 $7,895.88 $8,710.76 $123,876.76
21 $7,345.91 $9,260.73 $114,616.03
22 $6,761.22 $9,845.42 $104,770.61
23 $6,139.61 $10,467.03 $94,303.58
24 $5,478.76 $11,127.88 $83,175.71
25 $4,776.18 $11,830.45 $71,345.25
26 $4,029.25 $12,577.39 $58,767.87
27 $3,235.16 $13,371.48 $45,396.39
28 $2,390.93 $14,215.71 $31,180.68
29 $1,493.40 $15,113.24 $16,067.44
30 $539.20 $16,067.44 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lamb Lake Trafalgar, IN


1500 sqft3900 sqft
Ø selling price$194,959$414,730
Ø fast selling$177,235$373,257
Ø high price sale$212,682$456,203

In 2026, houses in Lamb Lake Trafalgar, IN will be offered at an average price of $105 per square foot. A 1,500 sqft home priced at $194,959 is 23.53% more expensive per square foot than a 3,900 sqft home priced at $414,730. Home prices in Lamb Lake Trafalgar, IN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $287,121. Sellers who can wait longer may achieve a higher price of up to $350,925.


Lamb Lake, Trafalgar, IN: Neighborhood Guide

Overview

Lamb Lake in Trafalgar, IN is a private lake community known for clear water and a heavily wooded shoreline.
Located in Johnson County south of Indianapolis, the neighborhood blends serene lake living with convenient regional access.

Lifestyle & Amenities

Residents enjoy boating, kayaking, water skiing, and excellent bass and crappie fishing on the no-public-access lake.
Community beaches, boat ramps, nature trails, and year-round social events foster a friendly, outdoorsy lifestyle. Wildlife sightings, dark-sky evenings, and quiet coves make Lamb Lake a sought-after retreat for weekenders and full-time homeowners.

Real Estate & Access

Real estate ranges from cozy cabins and A-frame cottages to custom waterfront homes with private docks and expansive views. A proactive HOA manages lake levels, safety, and amenities, helping preserve property values and water quality.
Commuters appreciate quick connections to Trafalgar, Franklin, and downtown Indianapolis via SR 135 and I-65.

Things to Do & Nearby

Nearby attractions include Brown County State Park, Indy South dining and shopping, and charming small towns like Franklin and Nashville, Indiana.
Whether searching for Lamb Lake homes for sale or planning a future move, buyers prize the community?s privacy, recreation, and enduring small-lake lifestyle in central Indiana.



FAQ – Home Values in Lamb Lake Trafalgar

What is the median home value in Lamb Lake Trafalgar in 2026?

In 2026, the typical home value in Lamb Lake Trafalgar is about $227,444 for an average home size of 2217 square feet. This corresponds to an average price of roughly $105 per square foot.

What is the average cost per square foot in Lamb Lake Trafalgar?

In 2026, homes in Lamb Lake Trafalgar sell for an average of around $105 per square foot, with a typical range between $99.75 and $110.25 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lamb Lake?

The average home size in Lamb Lake Trafalgar is about 2217 square feet, with an estimated 2026 value around $227,444.



Neighborhoods close to Lamb Lake Trafalgar, IN

Bridgeport Indianapolis, IN108 $ / ft²
Shorewood Forest Valparaiso, IN154 $ / ft²
Downtown Goshen Goshen, IN84 $ / ft²
University Park Greenwood, IN113 $ / ft²
South Harbour Noblesville, IN163 $ / ft²
Village of WestClay Carmel, IN170 $ / ft²
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