Zip 48912 (Lansing, MI) Housing

Housing in Lansing, MI (48912) has a median value of $121,800 and has appreciated 3.86% over the past year. This is significantly lower than the US house median value of $338,100 and the national appreciation rate of 8.27%. The lower cost of entry when compared to other parts of the country can be appealing to those looking to invest in real estate in this area. Despite the slower growth rate, Lansing is a great city to consider investing in real estate as it offers lower costs with potential for future appreciation.

The median home cost in Lansing (zip 48912) is $121,800. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Lansing (zip 48912) is up 10.4%.

Average Age of Homes

- The median age of Lansing (zip 48912) real estate is 62 years old

The Rental Market in Lansing (zip 48912)

- Renters make up 47.2% of the Lansing (zip 48912) population
- 2.3% of houses and apartments in Lansing (zip 48912), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lansing, Michigan	United States
	8,931.0	139,647,020.0
	65	42
	$121,800	$338,100
	10.4%	16.6%
	54.0%	57.0%
	96.0%	101.1%
	$20.91	$10.98
	$2,493	$2,690
	39.9%	57.4%
	10.1%	11.2%
	49.9%	31.4%
Vacant Housing
	2.3%	1.9%
	0.8%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	0.0%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	5.4%	2.4%
	7.6%	2.8%
	12.3%	3.9%
	12.9%	4.5%
	24.5%	11.3%
	23.7%	13.0%
	9.2%	20.1%
	0.3%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.1%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	3.4%	13.6%
	4.3%	13.2%
	14.3%	14.8%
	3.4%	13.6%
	13.6%	10.0%
	6.2%	4.7%
	35.7%	12.2%

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