Lansing, MI—48911
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 $167,000, with a year-over-year change of 5.3%. This indicates that home prices in Lansing, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $167,000 | 5.3% |
| Single Family | $169,000 | 5.0% |
| Condos | $108,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $117,000 | 3.5% |
3 Bed | $179,000 | 4.1% |
4 Bed | $219,000 | 3.3% |
| 5 Bed | $288,000 | 2.9% |
% of Housing Stock
Rental Trends — Lansing, MI
As of July '25, Rentcast reports the average rent in Lansing, MI is $1,080, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Lansing, MI is studios: $674, 1-bedrooms: $999, 2-bedrooms: $992, 3-bedrooms: $1,160, 4-bedrooms: $2,300. The most common rental property sizes in Lansing, MI are 2-bedroom and 1-bedroom, accounting for 44.9% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,080 |
| Studio Rent | $600 | $674 |
| 1 Bed Rent | $875 | $999 |
| 2 Bed Rent | $995 | $992 |
| 3 Bed Rent | $1,050 | $1,160 |
| 4 Bed Rent | $2,400 | $2,300 |
% 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 36. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $186,000 | 10.0% |
Listing Count | 103 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 36 | 1.0% |
Demographics — Lansing, MI
As of the latest ACS Survey released in 2023, Lansing, MI has a population of 40,400, which has remained stable by 0.9% over the past 5 years. Lansing, MI is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,400 | 0.9% |
% Under 18 | 26.3% | 6.0% |
% Seniors | 14.3% | 5.9% |
% WFH | 12.1% | 611.8% |
% w/ College Degree | 25.8% | 15.2% |
As of the latest ACS Survey released in 2023, Lansing, MI is a predominantly white area, with 45.7% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Lansing, MI is black, making up 27.8% of the population. Foreign-born residents account for 12.5% of the population in Lansing, MI, and this percentage has increased by 35.9% 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 | 45.7% | -10.0% |
% Black | 27.8% | 0.4% |
% Hispanic | 13.9% | 37.6% |
% Asian | 8.2% | 49.1% |
% Foreign Born | 12.5% | 35.9% |
Mortgage and Risk — Lansing, MI
According to HUD data as of 2023, there were 671 mortgage originations in Lansing, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Lansing, MI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 671 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lansing, MI
As of 2024, the percent of homes in Lansing, MI under the Section 8 program is 21.3%. 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. 3-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 and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,529 |
Total Units Section 8 | 1,524 |
% Rentals under Section 8 | 21.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$75 | $875 | $800 |
| 2 Bedroom | -$5 | $995 | $990 |
| 3 Bedroom | $240 | $1,050 | $1,290 |
| 4 Bedroom | -$1,090 | $2,400 | $1,310 |
Affordability — Lansing, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $167,000 |
| Median Household Income | $54,900 |