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Lansing city, MI

ZIP 48912 — 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 48912

Median Home Value
$139,900
Median Rent
$852
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$899/mo PITI).

19%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.7 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 48912 in Lansing city, MI, a household would need roughly $39,000 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 $899. That sits below the local median household income ($53,072), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
43.3%-34% vs US avg
x
Vacancy Rate
9.2%-11% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
7.0%-45% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
20.7%-58% vs US avg
x
Mortgage-Free
39.2%+3% vs US avg
x
$139,900
Home Value
$852
Rent
1958
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 detached58.0%
  • 1-unit attached4.0%
  • 2-9 units14.7%
  • 10+ units23.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$139,900
Median rent$852
Owner-occupied43.3%
Vacant9.2%
Price-to-income2.6x
Est. income to buy$39,000