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These days, finding an affordable place to live in the Lansing area can be challenging. Home prices in Lansing are now at a median cost of $190,235, lower than the Illinois average of $300,242.
The average cost of rent is $1,376/mo in Lansing, primarily driven by the current value of real estate in the Lansing area. In Lansing, 27.54% of households rent, and 30.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lansing is $6,680 per month. Households that rent pay about 20.60% of their income on rent here. Lansing’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Munster, IN: higher priced homes
- Lynwood, IL: higher priced homes
- Thornton, IL: less expensive homes
- Calumet City, IL: less expensive homes
- South Holland, IL: higher priced homes
- Hammond, IN: less expensive homes
- Glenwood, IL: equally priced homes
- Ford Heights, IL: less expensive homes
- Highland, IN: higher priced homes
- Burnham, IL: less expensive homes
Cities with Similar Populations
- Arlington, TN: higher priced homes
- West Linn, OR: higher priced homes
- Bethany, OR: higher priced homes
- Beltsville, MD: higher priced homes
- Belmont, CA: higher priced homes
- Bella Vista, AR: higher priced homes
- Batavia, OH: higher priced homes
- Bartow, FL: higher priced homes
- Ballston Spa, NY: higher priced homes
- Auburndale, FL: higher priced homes
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