Lansing, IL 60438 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lansing, IL—60438

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$194,000

1.4% YoY Growth

Household Income

$72,000

38.5% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,700

11.2% YoY Growth

1-Bed Rent

$1,100

6.4% YoY Growth

2-Bed Rent

$1,500

4.9% YoY Growth

3-Bed Rent

$2,000

15.8% YoY Growth

Home Price Trends — Lansing, IL

As of Dec '25, the median home price in Lansing, IL is $194,000, with a year-over-year change of -1.4%. This indicates that home prices in Lansing, IL are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$194,000	-1.4%
Single Family	$203,000	-1.0%
Condos	$102,000	-15.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lansing, IL

As of July '25, Rentcast reports the average rent in Lansing, IL is $1,880, with a year-over-year rent change of 11.2%. Per bedroom, the median rent as of July '25 in Lansing, IL is 1-bedrooms: $1,170, 2-bedrooms: $1,490, 3-bedrooms: $2,120, 4-bedrooms: $2,470. The most common rental property sizes in Lansing, IL are 2-bedroom and 3-bedroom, accounting for 47.6% and 23.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,880
Studio Rent	N/A	N/A
1 Bed Rent	$1,100	$1,170
2 Bed Rent	$1,500	$1,490
3 Bed Rent	$2,000	$2,120
4 Bed Rent	$2,500	$2,470

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% of Rental Stock

Studio

1.0%

1 Bedroom

16.2%

2 Bedrooms

47.6%

3 Bedrooms

23.2%

4 Bedrooms

9.8%

5+ Bedrooms

2.2%

Property Listings — Lansing, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Lansing, IL is 44. This is a increase of 29.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$219,000	-5.0%
Listing Count	160	11.0%
Listings as % of Homes	0.9%	11.0%
Days on Market	59	28.0%

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Demographics — Lansing, IL

As of the latest ACS Survey released in 2023, Lansing, IL has a population of 28,800, which has remained stable by -0.5% over the past 5 years. Lansing, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,800	-0.5%
% Under 18	24.2%	8.0%
% Seniors	15.1%	-1.9%
% WFH	8.6%	186.7%
% w/ College Degree	27.6%	17.4%

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As of the latest ACS Survey released in 2023, Lansing, IL is a predominantly black area, with 51.2% of the population identifying as black. The black population has grown by 24.9% in the last 5 years. The second most common race or ethnicity in Lansing, IL is white, making up 25.4% of the population. Foreign-born residents account for 10.0% of the population in Lansing, IL, and this percentage has increased by 19.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	25.4%	-37.9%
% Black	51.2%	24.9%
% Hispanic	17.8%	17.9%
% Asian	2.3%	155.6%
% Foreign Born	10.0%	19.0%

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Mortgage and Risk — Lansing, IL

According to HUD data as of 2023, there were 461 mortgage originations in Lansing, IL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Lansing, IL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	461
% Conventional Loans	61.0%
% Government Loans	39.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Lansing, IL

As of 2024, the percent of homes in Lansing, IL under the Section 8 program is 13.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lansing, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	500
Total Units Section 8	500
% Rentals under Section 8	13.9%
% Occupied Section 8	91.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$260	$1,100	$1,360
2 Bedroom	$30	$1,500	$1,530
3 Bedroom	-$30	$2,000	$1,970
4 Bedroom	-$190	$2,500	$2,310

Lansing, IL—60438

Key Metrics at a Glance

Home Price Trends — Lansing, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lansing, IL

% of Rental Stock

Property Listings — Lansing, IL

Demographics — Lansing, IL

Race and Ethnicity

Mortgage and Risk — Lansing, IL

Mortgages

Rentals and Section 8 — Lansing, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lansing, IL

Home Price to Income Ratio

Lansing, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Calumet City, IL

Munster, IN

Hammond, IN

Thornton, IL

South Holland, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$194,000
Median Household Income	$72,000

Lansing, IL—60438

Key Metrics at a Glance

Home Price Trends — Lansing, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lansing, IL

% of Rental Stock

Property Listings — Lansing, IL

Demographics — Lansing, IL

Race and Ethnicity

Mortgage and Risk — Lansing, IL

Mortgages

Rentals and Section 8 — Lansing, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lansing, IL

Home Price to Income Ratio

Lansing, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Calumet City, IL

Munster, IN

Hammond, IN

Thornton, IL

South Holland, IL

Frequently Asked Questions

What is the average home price in Lansing, IL 60438?

How have home prices in Lansing, IL 60438 changed over the past year?

What is the home price projection for Lansing, IL 60438?

What are the demographics of Lansing, IL 60438?

How long does it take homes to sell in Lansing, IL 60438?

What is the average rent price in Lansing, IL 60438?