Home Price Key
Affordable
Average
Expensive
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 $112,455, lower than the Michigan average of $196,062.
The average cost of rent is $922/mo in Lansing, primarily driven by the current value of real estate in the Lansing area. While nearly 38.76% of residents own their homes outright in Lansing, 44.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lansing is $4,454 per month. Households that rent pay about 20.70% of their income on rent here. Lansing's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Waverly, MI: higher priced homes
- East Lansing, MI: higher priced homes
- Holt, MI: higher priced homes
- Dimondale, MI: higher priced homes
- Okemos, MI: higher priced homes
- Haslett, MI: higher priced homes
- Dewitt, MI: higher priced homes
- Grand Ledge, MI: higher priced homes
- Bath, MI: higher priced homes
- West Windsor, MI: higher priced homes
Cities with Similar Populations
- Frederick, MD: higher priced homes
- Fort Mill, SC: higher priced homes
- Federal Way, WA: higher priced homes
- Franklin, TN: higher priced homes
- Fort Lauderdale, FL: higher priced homes
- Coral Springs, FL: higher priced homes
- Danbury, CT: higher priced homes
- Daytona Beach, FL: higher priced homes
- Dalton, GA: higher priced homes
- Des Plaines, IL: higher priced homes
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