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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lansing, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lansing, MI Housing Market Trends

With 112,537 people, 0 houses or apartments, and a median cost of homes of $149,833, house prices in Lansing are some of the most affordable in Michigan as well as the nation.

Mobile homes or trailers are the single most common housing type in Lansing, accounting for 0.00% of the city's housing units.

Lansing Home Appreciation Rates

Appreciation rates for homes in Lansing have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.89%, which ranks in the top 40% nationwide. This equates to an annual average Lansing house appreciation rate of 7.33%.

Over the last year, Lansing appreciation rates have trailed the rest of the nation. In the last twelve months, Lansing's appreciation rate has been 3.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lansing were at 0.71%, which equates to an annual appreciation rate of 2.85%.

Relative to Michigan, our data show that Lansing's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lansing differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lansing - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lansing real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$149,833

Lansing, MI Home Prices
> $1,341,000
$1,006,001 - $1,341,000
$670,001 - $1,006,000
$537,001 - $670,000
$402,001 - $537,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
0.2%
0.2%
0.4%
0.4%
0.8%
0.8%
0.9%
0.9%
2.0%
2.0%
8.3%
8.3%
45.4%
45.4%
32.3%
32.3%
9.5%
9.5%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

0

Lansing Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,437 / per month

Homeownership Rate

Owners
Renters
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes