View in Interactive Map

Lansing, MI—48933

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$155,000
14.3% YoY Growth
Household Income
$36,900
41.9% YoY Growth
Days on Market
23
54.0% Shorter YoY
Home Price Forecast
3.2%
Median Rent
$925
3.7% YoY Growth
1-Bed Rent
$899
12.8% YoY Growth
2-Bed Rent
$975
7.4% YoY Growth
3-Bed Rent
$650
24.4% YoY Growth

Other Zip Codes in Lansing, MI

489124891548917489104891148906
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lansing, MI

As of Dec '25, the median home price in Lansing, MI is $155,000, with a year-over-year change of 14.3%. This indicates that home prices in Lansing, MI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$155,00014.3%
Single Family $142,00011.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    4.5%
    1 Bedroom
    57.9%
    2 Bedrooms
    23.8%
    3 Bedrooms
    7.8%
    4 Bedrooms
    4.3%
    5+ Bedrooms
    1.7%

    Rental Trends — Lansing, MI

    As of July '25, Rentcast reports the average rent in Lansing, MI is $928, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Lansing, MI is studios: $742, 1-bedrooms: $914, 2-bedrooms: $1,030, 3-bedrooms: $1,020, 4-bedrooms: $1,100. The most common rental property sizes in Lansing, MI are 1-bedroom and 2-bedroom, accounting for 63.0% and 22.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$925$928
    Studio Rent $699$742
    1 Bed Rent $899$914
    2 Bed Rent $975$1,030
    3 Bed Rent $650$1,020
    4 Bed Rent $1,100$1,100
    Loading chart...

    % of Rental Stock

    Studio
    4.5%
    1 Bedroom
    63.0%
    2 Bedrooms
    22.7%
    3 Bedrooms
    6.1%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    1.6%

    Property Listings — Lansing, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lansing, MI is 51. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$134,0001.0%
    Listing Count
    		8130.0%
    Listings as % of Homes0.2%130.0%
    Days on Market
    		23-54.0%
    Loading chart...

    Demographics — Lansing, MI

    As of the latest ACS Survey released in 2023, Lansing, MI has a population of 3,350, which has increased by 44.9% over the past 5 years. Lansing, MI is a less popular place for families, as children make up 14.8% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,35044.9%
    % Under 18
    		14.8%150.8%
    % Seniors
    		7.8%-33.3%
    % WFH
    		10.8%535.3%
    % w/ College Degree
    		35.1%0.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Lansing, MI is a predominantly white area, with 47.5% of the population identifying as white. The white population has shrunk by 22.5% in the last 5 years. The second most common race or ethnicity in Lansing, MI is black, making up 33.2% of the population. Foreign-born residents account for 15.5% of the population in Lansing, MI, and this percentage has increased by 36.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		47.5%-22.5%
    % Black
    		33.2%103.7%
    % Hispanic
    		6.8%-59.3%
    % Asian
    		3.0%87.5%
    % Foreign Born
    		15.5%36.0%
    Loading chart...

    Mortgage and Risk — Lansing, MI

    According to HUD data as of 2023, there were 18 mortgage originations in Lansing, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Lansing, MI. Investor activity is low, as 11.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		18
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		11.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Lansing, MI

    As of 2024, the percent of homes in Lansing, MI under the Section 8 program is 23.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lansing, MI, because HUD payments exceed market rent, while 1-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		408
    Total Units Section 8
    		408
    % Rentals under Section 8
    		23.2%
    % Occupied Section 8
    		89.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$99$899$800
    2 Bedroom$15$975$990
    3 Bedroom$640$650$1,290
    4 Bedroom$210$1,100$1,310

    Affordability — Lansing, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$155,000
    Median Household Income$36,900

    Lansing, MI — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Lansing, MI

    48915

    Lansing, MI

    48912

    Lansing, MI

    48910

    Lansing, MI

    48911

    Lansing, MI

    48906

    Frequently Asked Questions