The Most Affordable Neighborhoods in Lansing, MI by Home Value

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 $150,223, lower than the Michigan average of $250,415.

The average cost of rent is $1,101/mo in Lansing, primarily driven by the current value of real estate in the Lansing area. In Lansing, 43.06% of households rent, and 38.65% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lansing is $5,195 per month. Households that rent pay about 21.20% of their income on rent here. Lansing’s most expensive areas are in the northwestern 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.

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