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East Lansing city, MI

ZIP 48823 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48823

Median Home Value
$261,100
Median Rent
$1,011
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,677/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

21.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48823 in East Lansing city, MI, a household would need roughly $72,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,677. That is about 42% above the local median household income ($50,837), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
43.9%-33% vs US avg
x
Vacancy Rate
11.1%+8% vs US avg
x
Broadband Access
86.7%-0% vs US avg
x
4+ Bedrooms
4.4%-70% vs US avg
x
Built Pre-1939
4.7%-64% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
42.7%-14% vs US avg
x
Mortgage-Free
37.9%-1% vs US avg
x
$261,100
Home Value
$1,011
Rent
1980
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached37.2%
  • 1-unit attached7.0%
  • 2-9 units14.9%
  • 10+ units38.7%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$261,100
Median rent$1,011
Owner-occupied43.9%
Vacant11.1%
Price-to-income5.1x
Est. income to buy$72,000