Housing in Lansing, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$149,950
Median List Price
$135,000
Price Per Sq Ft
$113
Days on Market
58
Active Inventory
322
Months of Supply
3.2
Seller's market
Zillow Home Value
$156,985
ZHVI — January 2026
Zillow Rent Index
$1,261
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
31.4%
Off Market in 2 Weeks
31.4%
Sale-to-List Ratio
98.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
102
New Listings
120
Pending Sales
140
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$113
Median List $/SF
$116
Lansing vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lansing is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$119,400
Median Rent
$976
Total Housing Units
55,628
Vacancy Rate
8.1%
Owner Occupied
53.9%
Renter Occupied
46.1%
Median Property Tax
$2,574
per year
Monthly Cost (w/ Mortgage)
$979
Housing Types
The current median sale price in Lansing, MI is $149,950 according to Redfin data. Homes spend a median of 58 days on the market. 31.4% of homes sold above asking price. The market has 3.2 months of supply. The median price per square foot is $113. Zillow's observed rent index is $1,261/month. About 53.9% of housing units are owner-occupied. The median year homes were built is 1960. There are 55,628 total housing units.