Zip 48906 (Lansing, MI) Housing

Lansing, Michigan is an affordable city when it comes to housing. The median value of a house in Lansing is $128,200. This is much lower than the US median house value of $338,100. Despite the low cost of housing in Lansing, the 1 year house appreciation rate for the city remains close to national average at 3.86%. This suggests that living in Lansing can be a great option for budget-minded buyers who are looking for an area with both affordability and stability.

The median home cost in Lansing (zip 48906) is $128,200. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Lansing (zip 48906) is up 10.4%.

Average Age of Homes

- The median age of Lansing (zip 48906) real estate is 60 years old

The Rental Market in Lansing (zip 48906)

- Renters make up 30.9% of the Lansing (zip 48906) population
- 2.6% of houses and apartments in Lansing (zip 48906), 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
	11,824.0	139,647,020.0
	64	42
	$128,200	$338,100
	10.4%	16.6%
	54.0%	57.0%
	96.0%	101.1%
	$14.05	$10.98
	$2,359	$2,690
	59.3%	57.4%
	10.0%	11.2%
	30.7%	31.4%
Vacant Housing
	2.6%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	0.2%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	4.8%	2.6%
	8.6%	2.4%
	7.0%	2.8%
	10.2%	3.9%
	12.8%	4.5%
	20.8%	11.3%
	12.7%	13.0%
	15.7%	20.1%
	5.5%	13.6%
	1.2%	8.3%
	0.6%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	5.5%	13.6%
	4.9%	13.2%
	8.7%	14.8%
	5.5%	13.6%
	17.6%	10.0%
	9.5%	4.7%
	28.7%	12.2%

Reviews for Lansing

See all (0)

Write a Review

Start Your Review of Lansing

Commute