The story of this market
The typical home in Lansing, Michigan sells for about $168,000, or $135 per square foot.
Prices are up +14.7% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Lansing, Michigan
Lansing's housing market is showing resilience with steady price appreciation and competitive conditions, driven by a stable employment base in government and education. While inventory remains tight, the city continues to attract interest from buyers seeking affordability. The market is currently balanced, though potential buyers should be prepared for a fast-paced environment in desirable neighborhoods.
2 verified foreclosure posting(s) on the ARED county ledger attributed to Lansing across its counties. Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.4% year over year.
Homes spend a median of 32 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 3.19% of asking — demand is holding steady.
2 foreclosure-ledger notices — 0.2 per 10,000 residents · unemployment 5.8% · poverty 21.2% — a mixed stability profile.
- Zap Zone XL - Lansing4.63.7 mi
- High Caliber Karting and Entertainment4.86.9 mi
- Funcity Trampoline and Adventure Park3.74 mi
- Sky Zone Trampoline Park4.52.7 mi
- Launch Family Entertainment Lansing4.66.8 mi
- Breslin Center4.73.1 mi
- Spartan Stadium4.63.5 mi
- MSU Union4.63.6 mi
- Wharton Center for Performing Arts4.74.3 mi
- Celebration! Cinema4.55.1 mi
- Potter Park Zoo4.51.7 mi
- NCG Cinema - Lansing & IMAX!4.32.9 mi
- Celebration! Cinema4.55.1 mi
- Impression 5 Science Center4.70.3 mi
- Hawk Island Park4.63.1 mi
- Impression 5 Science Center4.70.3 mi
- Michigan History Center4.70.5 mi
- Eli and Edythe Broad Art Museum4.33.9 mi
- R.E. Olds Transportation Museum4.80.3 mi
- MSU Museum4.43.7 mi
- Hawk Island Park4.63.1 mi
- Hope Sports Complex4.44.6 mi
- Fitzgerald Park4.710.7 mi
- Lake Lansing Park South4.67.6 mi
- Burchfield Park4.78.8 mi
- Royal Scot Lansing4.14.3 mi
- Hawk Hollow Golf Course4.65.9 mi
- Forest Akers East Golf Course4.43.6 mi
- Eldorado Golf Course4.59.9 mi
- Wheatfield Valley Golf4.513.7 mi
- Horrocks Farm Market4.85.5 mi
- Meridian Mall4.26.9 mi
- Meijer4.33.4 mi
- Meijer44.6 mi
- Meijer4.36.6 mi
- Capital Region International Airport4.33.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A 20-mile paved trail system that winds through the city, connecting parks, neighborhoods, and downtown. It is a vital recreational asset that enhances property values for adjacent residential areas.
The historic seat of Michigan government, serving as a major tourist attraction and anchor for downtown activity. Its presence supports local commerce and provides a stable employment base.
A 102-acre zoo located along the Red Cedar River, offering year-round educational and recreational opportunities for families. It is a significant regional draw that contributes to the city's quality of life.
Lansing is well-suited for first-time homebuyers and families seeking affordability relative to larger metropolitan areas, as well as investors looking for steady rental demand. Its proximity to state government and major healthcare employers makes it a practical choice for public-sector employees and medical professionals.
The Lansing School District faces ongoing challenges with academic performance and resource allocation, often trailing state averages in standardized testing. While some magnet programs and specialized academies show promise, the overall system is characterized by significant variability in school quality across different neighborhoods.
The city is served by a network of state highways and the Capital Area Transportation Authority (CATA), which provides bus transit throughout the region. Commute times are generally favorable compared to larger urban centers, though reliance on personal vehicles remains high.
Lansing offers a robust park system, most notably the Lansing River Trail, which provides extensive connectivity for cyclists and pedestrians throughout the city. Residents also enjoy access to various cultural amenities, including the Michigan State Capitol and several museums, which serve as central hubs for community activity.
The rental market in Lansing is characterized by steady demand, particularly near the downtown core and areas adjacent to educational institutions. Vacancy rates remain relatively tight, and while new multi-family developments are emerging, the market is heavily influenced by the availability of older, single-family rental stock.
Lansing's economy is anchored by the State of Michigan government operations, Michigan State University, and a strong healthcare sector. The city maintains a diverse industrial base, though it remains sensitive to shifts in public-sector funding and automotive manufacturing trends.
As the state capital, Lansing benefits from a stable economic foundation anchored by government, education, and healthcare sectors. Recent development momentum is focused on downtown revitalization and the expansion of the medical corridor, though infrastructure aging remains a long-term consideration for city planners.
Current planning efforts are focused on urban infill and the modernization of aging infrastructure to support increased residential demand. Major projects include the redevelopment of underutilized commercial corridors into mixed-use residential zones.
Parcels in Lansing are subject to various special assessments, including those for downtown development authorities, local school district debt service, and municipal utility improvements.
Crime rates in Lansing remain a primary concern for residents, with property and violent crime indices consistently trending higher than the national average. Local law enforcement continues to focus on community-based policing initiatives to address these persistent regional disparities.
Lansing faces moderate risks primarily related to severe weather events, including high winds and occasional localized flooding near the Grand and Red Cedar rivers. The city maintains standard emergency management protocols, and property insurance markets remain stable, though premiums are sensitive to regional climate trends.
The property insurance market in Lansing is stable, with premiums reflecting regional weather risks and the age of the housing stock. Homeowners are encouraged to maintain comprehensive coverage for wind and water damage.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and Data.census.gov profiles.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.