Lansing-East Lansing
Michigan · Ranked #60 of 373 metros
89Affordable
💡
Housing in Lansing-East Lansing costs 3.13× the median income, below the national average of 4.5×. The median home price is $219K and median rent is $1,042/month. Lansing-East Lansing ranks #60 of 373 metros for affordability.
Median Home Price
🏠$219K
Need $65K income
Median Rent
🔑$1,042
Need $42K income
Building Permits
🔨649
annual
Median Income
💰$70K
Pop: 490,898
Rent Burden
⚠️25.9%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Lansing-East Lansing | National |
|---|---|---|
| Price-to-Income Ratio | 3.13x | 6.1x |
| Rent Burden | 25.9% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$973/mo
1 Bedroom$1,012/mo
2 Bedroom$1,268/mo
3 Bedroom$1,627/mo
4 Bedroom$1,679/mo
Zillow Market Data
Home Value (ZHVI)
$238K
1yr: +3.4%5yr: +32.7%
Rent (ZORI)
$1,327/mo
1yr: +5.2%5yr: +36.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$205K
Active Inventory
743
Days on Market
46
Sold Above List
25.1%
Price Drops
21.4%