Home / Select Cities  /  2024 Comparing Lansing, MI vs. Richmond, VA

2024 Compare Cities Housing:
Lansing, MI vs Richmond, VA

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Highlights
- The median age of a home in Lansing is 1.6% younger than the median age of a home in Richmond.

Housing
 Lansing, MIRichmond, VAUnited States
 Median Home Age626342
 Median Home Cost$127,100$327,100$338,100
 Home Appr. Last 12 months10.4%15.2%16.6%
 Home Appr. Last 5 yrs.54.0%57.5%57.0%
 Home Appr. Last 10 yrs.96.0%93.9%101.1%
 Property Tax Rate$24.2$9.5$11.0
 Homes Owned46.6%38.9%57.4%
 Housing Vacant10.2%10.3%11.2%
 Homes Rented43.3%50.8%31.4%
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 Avg Rent For Home Or Apartment
 Lansing, MIRichmond, VAUnited States
 Average Rent$1,290$1,680$1,840
 Studio Apartment$800$1,140$1,080
 1 Bedroom Home or Apartment$820$1,170$1,180
 2 Bedroom Home or Apartment$1,010$1,320$1,430
 3 Bedroom Home or Apartment$1,310$1,710$1,860
 4 Bedroom Home or Apartment$1,360$2,080$2,160
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 Vacant Housing
 Lansing, MIRichmond, VAUnited States
 Vacant For Rent2.5%2.9%1.9%
 Vacant Rented0.5%1.3%0.4%
 Vacant For Sale1.0%0.6%0.7%
 Vacant Sold0.4%0.6%0.4%
 Vacant Vacation0.3%0.3%3.6%
 Vacant Other5.5%4.6%4.1%
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 Owner-Occupied Housing Value
 Lansing, MIRichmond, VAUnited States
 Less Than $20,0003.2%1.1%2.6%
 $20,000 to $39,9995.3%0.4%2.4%
 $40,000 to $59,9999.2%0.9%2.8%
 $60,000 to $79,99917.3%2.9%3.9%
 $80,000 to $99,99919.4%4.2%4.5%
 $100,000 to $149,99927.2%11.4%11.3%
 $150,000 to $199,99911.9%15.1%13.0%
 $200,000 to $299,9993.8%21.0%20.1%
 $300,000 to $399,9991.0%16.5%13.6%
 $400,000 to $499,9990.8%8.6%8.3%
 $500,000 to $749,9990.8%10.3%9.7%
 $750,000 to $999,9990.1%3.9%3.9%
 $1,000,000 to $1,499,9990.2%2.3%2.2%
 $1,500,000 to $1,999,9990.0%0.7%0.8%
 $2,000,000 and over0.0%0.8%1.1%
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 Housing Units By Year Built
 Lansing, MIRichmond, VAUnited States
 2015 and Newer0.1%0.1%0.2%
 2010 to 20144.0%5.3%13.6%
 2000 to 20094.0%5.3%13.6%
 1990 to 19994.3%5.8%13.6%
 1980 to 19897.7%7.1%13.2%
 1970 to 197915.5%9.9%14.8%
 1960 to 19694.3%5.8%13.6%
 1950 to 195917.3%14.7%10.0%
 1940 to 19499.2%9.1%4.7%
 1939 or Earlier25.0%29.6%12.2%

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Reviews for Lansing    28 Reviews

I am in my fifth house in the greater Lansing area since relocating here in 1997 from the tri-city area (Midland/Bay City/Saginaw). Pros: people are friendlier here-  More

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I first moved to Lansing in the early 2000s for grad school @ MSU, went away and returned after several years. I must say, the area has improved VERY significantly  More

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This is a really nice place to live and people here are friendly there is a lot to do and a wide variety of different people and belief systems if you know where to look  More

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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ZIPS IN LANSING, MICHIGAN
48911 48910 48906 48912 48915 48933
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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