Lansing, Michigan.
Typical home $166,379 (+2.1% in a year), asking rent $1,197 (+5.9%). Lansing-East Lansing, MI metro.
to buy the typical home at today's mortgage rate — +$486 (+125%) since Jan 2020.
- 1 year
- Up $3,428 +2%
- $162,951$166,379 since Sep 2025
- 5 years
- Up $35,219 +27%
- $131,160$166,379 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Lansing$873
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Lansing, MI rose 2.1% over the past year — faster than the nation's +1.2%.
Asking rents in Lansing, MI rose 5.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Lansing runs $109/mo more than renting one. The gap peaked at $175 in May 2024.
That is $1,305 a month against $1,197 rent: a $873 mortgage payment, plus $254 property tax and $178 insurance & upkeep.
Owning vs renting — Lansing
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,305
- Renting$1,197
- Mortgage only$873
Property tax · $254/mo 1.83% of value a year — the ACS 2020-2024 median bill over the median home value for Ingham County, MI
Insurance & upkeep · $178/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Lansing, Ingham County, Michigan
Lansing is a city of 112,644 people in Ingham County. Half its households earn more than $54,382 a year and half less, against $65,526 across Ingham County; 20% of its people live below the poverty line. 54% of its homes are lived in by their owners and 46% are rented. Unemployment in Lansing was 6.2% in August 2026, and Ingham County had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Lansing is a city and Michigan's state capital, and it is a younger place than most, with a lower median age than much of the country. Incomes run below the county's, and more people live below the poverty line than you might expect, while owners and renters are fairly evenly balanced, with a slight lean toward homes lived in by their owners. Winters are cold and snowy, with January highs just below freezing, and summers are warm, with July the warmest month.
Work. Many residents work in schools, hospitals and social care, with manufacturing, retail and professional and business services also employing a good number. Among the largest workplaces in Lansing are Edward W. Sparrow Hospital, McLaren Greater Lansing and Lansing Community College. Unemployment has eased a little compared with a year earlier, though across Ingham County the number of jobs has slipped slightly, and most people get to work in a fairly short commute.
Things to do. In or beside town, Potter Park Zoo and the R. E. Olds Transportation Museum are good places to spend an afternoon, and Impression 5 Science Center is a museum close by as well. A short drive away, the Eli and Edythe Broad Art Museum offers a museum visit of a different kind. Frances Park and Sycamore Creek give you green space and water without leaving town.
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- 51,588households
- 30%of adults have a degree
- 20%below the poverty line
- 19 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Ingham County had 155,298 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 17°; warmest in July, with highs near 83° and lows near 61°. About 50 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Lansing Capital City Airport weather station, 5 miles away (NOAA).
Largest workplaces in Lansing
- Edward W. Sparrow HospitalGeneral hospital4,617FTE
- General MotorosAssembly plants, light trucks on chassis of own manufacture3,539
- Mclaren Greater LansingGeneral hospital1,703FTE
- Lansing Community CollegeTwo-year college1,698
- State of MichiganState government1,574
- Lansing Public School DistrictSchool district1,546FTE
- City of LansingLegislative and executive office combinations1,365
- PeckhamRehabilitation job counseling and training, vocational1,082
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 131 workplaces with 20 or more staff, 26,794 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), colleges from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windrelatively high in parts of LansingRelatively moderate
- Tornadoesrelatively high in parts of LansingRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Lansing’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Ingham County and the Lansing-East Lansing, MI metro.
Lansing home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Lansing$166,379
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 3 Lansing listings, and the typical home goes pending in 12 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Lansing29.18%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Lansing12
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Lansing613
New listings per month
Sellers arriving at the market.
- Lansing222
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Lansing$170,746
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Lansing100.66%
Zip codes with a Lansing address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Lansing — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Lansing
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48911 | Lansing | 39,876 | $1,158 | $171,433 |
| 48910 | Lansing | 32,800 | $1,188 | $142,035 |
| 48917 | Lansing | 32,483 | $1,374 | $259,856 |
| 48906 | Lansing | 25,901 | $1,293 | $166,123 |
| 48912 | Lansing | 17,674 | $1,223 | $137,194 |
| 48915 | Lansing | 9,428 | $1,236 | $126,721 |
| 48933 | Lansing | 3,107 | $993 | $169,281 |