Zip 48823 (East Lansing, MI) Housing

Housing in 48823 East Lansing, MI is on the rise. The median value of a house in this area is $270,000 which is lower than the U.S. housing median value of $338,100. However, while the U.S. has seen an appreciation rate of 8.27% over the course of one year, the area around East Lansing has seen an even higher appreciation rate of 8.98%. This suggests that there are good opportunities to be had from investing in local housing with prices likely to continue to rise in the near future.

The median home cost in East Lansing (zip 48823) is $270,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in East Lansing (zip 48823) is up 12.2%.

Average Age of Homes

- The median age of East Lansing (zip 48823) real estate is 41 years old

The Rental Market in East Lansing (zip 48823)

- Renters make up 53.1% of the East Lansing (zip 48823) population
- 5.0% of houses and apartments in East Lansing (zip 48823), 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	East Lansing, Michigan	United States
	24,296.0	139,647,020.0
	41	42
	$270,000	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$22.38	$10.98
	$4,695	$2,690
	39.3%	57.4%
	11.0%	11.2%
	49.7%	31.4%
Vacant Housing
	5.0%	1.9%
	1.9%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	0.5%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.9%	2.4%
	0.4%	2.8%
	3.6%	3.9%
	2.3%	4.5%
	13.2%	11.3%
	23.5%	13.0%
	28.1%	20.1%
	13.0%	13.6%
	4.6%	8.3%
	6.6%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	12.8%	13.6%
	12.8%	13.6%
	15.8%	13.6%
	12.8%	13.2%
	15.7%	14.8%
	15.8%	13.6%
	11.1%	10.0%
	5.2%	4.7%
	7.2%	12.2%

Reviews for East Lansing

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Abhd · East Lansing, MI

Kensington Hills in East Lansing

Over 13 years ago

My neighborhood rocks for the following: 1. Walk/bike to downtown East Lansing for shops, restaurants, and events 2. Next to MSU campus 3. Amazing and friendly More

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Deb · East Lansing, MI

Need to think about this

Over 17 years ago

I'd like to be thoughtful and that will require some time so I'd like to do this later. Will I be prompted? Thanks, Deb More