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East Lansing, MI

Full City Profile · Michigan · Ingham County County

3.2 /5.0
B Good
45,394 Population 3,380/sq mi density
$43,547 Median Income $29,162 per capita
$251,600 Home Value $302,521 Zillow
$1,122 Median Rent 51.0% income on rent
49°F Avg Temperature 260 sunny days/yr
184 Violent Crime/100K 1,753 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$43,547 median income, 3.8% unemployment
B
Affordability
3.4 / 5.0
$251,600 home value, $1,122/mo rent
F
Safety
1.0 / 5.0
184 violent crimes/100K
A+
Education
5.0 / 5.0
67.4% bachelor's degree or higher

Housing Overview

Median Home Value
$251,600
11% below
US avg: $281,900
Median Rent
$1,122/mo
4% below
US avg: $1,163/mo
Homeownership Rate
38.9%
41% below US avg (65.4%)
Total Housing Units
15,745
Median year built: 1975

Home Value by Source

Census Median
$251,600
Zillow (ZHVI)
$302,521
Median Sale Price
$378,500
Median List Price
$335,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

38.9%
Owner-Occupied
61.1%
Renter-Occupied
39%
61%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $1,122/mo · Zillow rent: $1,419/mo

Market Indicators (Redfin)

Median Days on Market
49 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
17.4%
of listings with price reduction
Price Per Sq Ft
$184
Active Inventory
46
homes for sale

Affordability & Housing Stock

Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
38.9%

Complete Housing Data

Home Values

Census Median Value$251,600
Zillow Home Value (ZHVI)$302,521
Median Sale Price$378,500
Median List Price$335,000
Price Per Sq Ft$184

Rent

Census Median Rent$1,122
Zillow Rent (ZORI)$1,419
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market49
Sale-to-List Ratio1.0%
Price Drops17.4%
Homes Sold10
Active Inventory46
Price Per Sq Ft$184

Ownership & Stock

Owner-Occupied38.9%
Renter-Occupied61.1%
Homeownership Rate38.9%
Total Housing Units15,745
Median Year Built1975
Rent Burden51.0%