Lansing, NY—14882
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lansing, NY
As of Oct '25, the median home price in Lansing, NY is $351,000, with a year-over-year change of 2.6%. This indicates that home prices in Lansing, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $351,000 | 2.7% |
| Single Family | $351,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | 2.0% |
3 Bed | $338,000 | 2.7% |
4 Bed | $441,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lansing, NY
As of July '25, Rentcast reports the average rent in Lansing, NY is $1,800, with a year-over-year rent change of 20.0%. Per bedroom, the median rent as of July '25 in Lansing, NY is 3-bedrooms: $1,800. The most common rental property sizes in Lansing, NY are 1-bedroom and 2-bedroom, accounting for 33.7% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lansing, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lansing, NY is 74. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $414,000 | 25.0% |
Listing Count | 19 | -2.0% |
| Listings as % of Homes | 0.4% | -2.0% |
Days on Market | 74 | 6.0% |
Demographics — Lansing, NY
As of the latest ACS Survey released in 2023, Lansing, NY has a population of 4,190, which has increased by 3.0% over the past 5 years. Lansing, NY is a popular place for families, as children make up 27.9% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,190 | 3.0% |
% Under 18 | 27.9% | 25.7% |
% Seniors | 17.9% | 1.7% |
% WFH | 15.7% | 166.1% |
% w/ College Degree | 49.5% | -6.8% |
As of the latest ACS Survey released in 2023, Lansing, NY is a predominantly white area, with 91.0% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Lansing, NY is black, making up 3.8% of the population. Foreign-born residents account for 4.1% of the population in Lansing, NY, and this percentage has decreased by 26.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.0% | 2.4% |
% Black | 3.8% | 280.0% |
% Hispanic | 3.3% | -38.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.1% | -26.8% |
Mortgage and Risk — Lansing, NY
According to HUD data as of 2023, there were 84 mortgage originations in Lansing, NY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Lansing, NY. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lansing, NY
Lansing, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,660 |
| 2 Bedroom | N/A | N/A | $1,900 |
| 3 Bedroom | $500 | $1,800 | $2,300 |
| 4 Bedroom | N/A | N/A | $2,630 |
Affordability — Lansing, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $351,000 |
| Median Household Income | $94,900 |