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These days, finding an affordable place to live in the East Lansing area can be challenging. Home prices in East Lansing are now at a median cost of $270,505, higher than the Michigan average of $250,415.
The average cost of rent is $1,164/mo in East Lansing, primarily driven by the current value of real estate in the East Lansing area. In East Lansing, 59.70% of households rent, and 39.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Lansing is $5,385 per month. Households that rent pay about 21.62% of their income on rent here. East Lansing’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Haslett, MI: equally priced homes
- Okemos, MI: higher priced homes
- Lansing, MI: less expensive homes
- Bath, MI: higher priced homes
- Holt, MI: less expensive homes
- Waverly, MI: less expensive homes
- Dewitt, MI: higher priced homes
- Shaftsburg, MI: higher priced homes
- Williamston, MI: higher priced homes
- Dimondale, MI: equally priced homes
Cities with Similar Populations
- Azusa, CA: higher priced homes
- Yorktown, VA: higher priced homes
- Wheaton, MD: higher priced homes
- Wayne, NJ: higher priced homes
- Urbana, IL: less expensive homes
- Tuckahoe, VA: higher priced homes
- St. Louis Park, MN: higher priced homes
- Southaven, MS: less expensive homes
- Snohomish, WA: higher priced homes
- Sherman Oaks, CA: higher priced homes
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