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Lansing city, MI

ZIP 48915 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48915

Median Home Value
$112,600
Median Rent
$755
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$723/mo PITI).

18%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.4 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 48915 in Lansing city, MI, a household would need roughly $31,000 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 $723. That sits below the local median household income ($51,653), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.6%-7% vs US avg
x
Vacancy Rate
8.6%-17% vs US avg
x
Broadband Access
94.2%+8% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
10.2%-21% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
26.3%-47% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$112,600
Home Value
$755
Rent
1938
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached79.5%
  • 1-unit attached1.3%
  • 2-9 units9.4%
  • 10+ units8.8%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$112,600
Median rent$755
Owner-occupied60.6%
Vacant8.6%
Price-to-income2.2x
Est. income to buy$31,000