Lansing, MI—48933
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 $159,000, with a year-over-year change of 14.0%. This indicates that home prices in Lansing, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $159,000 | 14.0% |
| Single Family | $146,000 | 11.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 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 $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.
| Type | Median Rent | Average 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 |
% 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 30. This is a decrease of -58.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | 26.0% |
Listing Count | 8 | -18.0% |
| Listings as % of Homes | 0.2% | -18.0% |
Days on Market | 30 | -58.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,350 | 44.9% |
% Under 18 | 14.8% | 150.8% |
% Seniors | 7.8% | -33.3% |
% WFH | 10.8% | 535.3% |
% w/ College Degree | 35.1% | 0.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $159,000 |
| Median Household Income | $36,900 |