Most Affordable ZIP Codes in Lansing-East Lansing, MI (2026)

The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.

# ZIP City Home value Rent Cap rate 5-yr growth
1 48915 Lansing, MI $128,075 $1,165 7.10% 5.4%
2 48912 Lansing, MI $141,483 $1,178 6.49% 5.5%
3 48910 Lansing, MI $147,514 $1,287 6.81% 5.9%
4 48853 Maple Rapids, MI $161,779 $945 4.56% 3.6%
5 48476 Vernon, MI $166,953 $873 4.08% 6.6%
6 48906 Lansing, MI $171,275 $1,298 5.91% 4.8%
7 48933 Lansing, MI $173,139 $970 4.37% 7.3%
8 48911 Lansing, MI $175,778 $1,086 4.82% 5.5%
9 48841 Henderson, MI $188,467 $1,008 4.17% 2.8%
10 48867 Owosso, MI $190,563 $1,028 4.21% 5.4%
11 48866 Ovid, MI $197,070 $918 3.63% 3.9%
12 48429 Durand, MI $202,145 $873 3.37% 4.5%
13 48831 Elsie, MI $206,929 $918 3.46% 4.1%
14 48817 Corunna, MI $206,980 $1,053 3.97% 5.3%
15 48414 Bancroft, MI $220,484 $945 3.34% 4.5%
16 49073 Nashville, MI $223,676 $1,044 3.64% 5.0%
17 48876 Potterville, MI $230,014 $1,053 3.57% 3.1%
18 48861 Mulliken, MI $240,548 $1,134 3.68% 4.9%
19 49096 Vermontville, MI $240,963 $999 3.23% 4.3%
20 49076 Olivet, MI $242,200 $981 3.16% 4.8%
21 49251 Leslie, MI $245,364 $1,179 3.75% 4.6%
22 48813 Charlotte, MI $245,602 $990 3.14% 4.9%
23 48890 Sunfield, MI $249,589 $1,089 3.40% 5.5%
24 48857 Morrice, MI $253,066 $1,125 3.47% 5.0%
25 48460 New Lothrop, MI $254,055 $873 2.68% 4.3%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Cash Flow in Lansing-East Lansing, MI  ·  Appreciation in Lansing-East Lansing, MI

Or see the full Lansing-East Lansing, MI metro profile.