Lansing, MI—48915
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lansing, MI
As of Oct '25, the median home price in Lansing, MI is $122,000, with a year-over-year change of 3.4%. This indicates that home prices in Lansing, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $122,000 | 3.4% |
| Single Family | $121,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $98,000 | 1.0% |
3 Bed | $141,000 | 2.9% |
4 Bed | $169,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lansing, MI
As of July '25, Rentcast reports the average rent in Lansing, MI is $1,280, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Lansing, MI is 1-bedrooms: $825, 2-bedrooms: $1,070, 3-bedrooms: $1,530. The most common rental property sizes in Lansing, MI are 2-bedroom and 3-bedroom, accounting for 51.5% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $825 | $825 |
| 2 Bed Rent | $1,040 | $1,070 |
| 3 Bed Rent | $1,500 | $1,530 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lansing, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lansing, MI is 47. This is a increase of 18.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $138,000 | 12.0% |
Listing Count | 55 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 47 | 18.0% |
Demographics — Lansing, MI
As of the latest ACS Survey released in 2023, Lansing, MI has a population of 9,320, which has decreased by -12.6% over the past 5 years. Lansing, MI is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,320 | -12.6% |
% Under 18 | 20.6% | -22.0% |
% Seniors | 12.1% | 26.0% |
% WFH | 13.0% | 441.7% |
% w/ College Degree | 35.8% | 32.1% |
As of the latest ACS Survey released in 2023, Lansing, MI is a predominantly white area, with 53.8% of the population identifying as white. The white population has grown by 25.4% in the last 5 years. The second most common race or ethnicity in Lansing, MI is black, making up 24.6% of the population. Foreign-born residents account for 4.9% of the population in Lansing, MI, and this percentage has decreased by 53.8% 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 | 53.8% | 25.4% |
% Black | 24.6% | -17.7% |
% Hispanic | 12.5% | -4.6% |
% Asian | 0.9% | -75.0% |
% Foreign Born | 4.9% | -53.8% |
Mortgage and Risk — Lansing, MI
According to HUD data as of 2023, there were 172 mortgage originations in Lansing, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Lansing, MI. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 172 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Lansing, MI
Lansing, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 330 |
Total Units Section 8 | 328 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $825 | $930 |
| 2 Bedroom | $120 | $1,040 | $1,160 |
| 3 Bedroom | $10 | $1,500 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Lansing, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $122,000 |
| Median Household Income | $51,700 |