What is the average home price in Lansing, MI 48933?

As of May '26, the median home price in Lansing, MI 48933 is $173,000, based on Zillow home estimates.

How have home prices in Lansing, MI 48933 changed over the past year?

As of May '26, home prices have increased 9.6% over the past year, according to Zillow home estimates data.

What is the home price projection for Lansing, MI 48933?

As of May '26, Zillow projects home prices in Lansing, MI 48933 to increase 2.0% in the next year.

What are the demographics of Lansing, MI 48933?

According to the latest Census, the demographics of Lansing, MI 48933 are 47.5% White, 33.2% Black, 3.0% Asian, 6.8% Hispanic. The population is 3,350, with 14.8% under 18 years old.

How long does it take homes to sell in Lansing, MI 48933?

According to Realtor.com, as of May '26, the median home in Lansing, MI 48933 is on the market for 66 days. This is an increase of 52.0% from last year.

What is the average rent price in Lansing, MI 48933?

The average rent price in Lansing, MI 48933, as of the latest data, is $928. The average rent for 1 bedroom homes is $914. For 2, 3, and 4 bedroom homes, the average rent is $1,030, $1,020, and $1,100 respectively.

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Lansing, MI—48933

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

9.6% YoY Growth

Household Income

$36,900

41.9% YoY Growth

Days on Market

52.0% Longer YoY

Home Price Forecast

2.0%

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

48912 48915 48917 48910 48911 48906

Home Price Trends — Lansing, MI

As of May '26, the median home price in Lansing, MI is $173,000, with a year-over-year change of 9.6%. This indicates that home prices in Lansing, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$173,000	9.6%
Single Family	$166,000	8.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$130,000	-31.0%
Listing Count	9	262.0%
Listings as % of Homes	0.2%	262.0%
Days on Market	66	52.0%

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%

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%

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

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

Lansing, MI—48933

Key Metrics at a Glance

Other Zip Codes in Lansing, MI

Home Price Trends — Lansing, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lansing, MI

% of Rental Stock

Property Listings — Lansing, MI

Demographics — Lansing, MI

Race and Ethnicity

Mortgage and Risk — Lansing, MI

Mortgages

Rentals and Section 8 — Lansing, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lansing, MI

Home Price to Income Ratio

Lansing, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lansing, MI

Lansing, MI

Lansing, MI

Lansing, MI

Lansing, MI

Frequently Asked Questions

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

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%

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$173,000
Median Household Income	$36,900