Lansing, MI is a great place to live and its housing market reflects this. The median value of a house in Lansing is $127,100 which is significantly lower than the US median value of $338,100. While the US housing market has seen an 8.27% appreciation rate over the past year, Lansing's appreciation rate was 3.89%. This could be a great opportunity for people looking to buy a home; they might be able to get more house for their money in Lansing compared to other locations. With property values remaining stable and interest rates still relatively low there are many benefits to buying a home in Lansing right now.
The median home cost in Lansing is $127,100. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Lansing is up 10.4%.
Average Age of Homes
- The median age of Lansing real estate is 58 years old
The Rental Market in Lansing
- Renters make up 42.1% of the Lansing population
- 2.5% of houses and apartments in Lansing, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.