Best ZIP Codes for Cash Flow in Lansing-East Lansing, MI (2026)

Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.

# ZIP City Home value Rent Cap rate 5-yr growth
1 48915 Lansing, MI $128,075 $1,165 7.10% 5.4%
2 48910 Lansing, MI $147,514 $1,287 6.81% 5.9%
3 48912 Lansing, MI $141,483 $1,178 6.49% 5.5%
4 48906 Lansing, MI $171,275 $1,298 5.91% 4.8%
5 48911 Lansing, MI $175,778 $1,086 4.82% 5.5%
6 48853 Maple Rapids, MI $161,779 $945 4.56% 3.6%
7 48933 Lansing, MI $173,139 $970 4.37% 7.3%
8 48842 Holt, MI $274,056 $1,524 4.34% 5.5%
9 48837 Grand Ledge, MI $306,711 $1,663 4.23% 5.0%
10 48867 Owosso, MI $190,563 $1,028 4.21% 5.4%
11 48841 Henderson, MI $188,467 $1,008 4.17% 2.8%
12 48917 Lansing, MI $265,303 $1,412 4.15% 5.3%
13 48476 Vernon, MI $166,953 $873 4.08% 6.6%
14 48820 Dewitt, MI $370,510 $1,891 3.98% 5.0%
15 48817 Corunna, MI $206,980 $1,053 3.97% 5.3%
16 49251 Leslie, MI $245,364 $1,179 3.75% 4.6%
17 48861 Mulliken, MI $240,548 $1,134 3.68% 4.9%
18 49073 Nashville, MI $223,676 $1,044 3.64% 5.0%
19 48866 Ovid, MI $197,070 $918 3.63% 3.9%
20 48876 Potterville, MI $230,014 $1,053 3.57% 3.1%
21 48864 Okemos, MI $393,087 $1,782 3.54% 4.6%
22 48418 Byron, MI $304,290 $1,368 3.51% 4.9%
23 49021 Bellevue, MI $254,161 $1,134 3.48% 5.5%
24 48857 Morrice, MI $253,066 $1,125 3.47% 5.0%
25 48831 Elsie, MI $206,929 $918 3.46% 4.1%

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 →

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Appreciation in Lansing-East Lansing, MI  ·  Affordable in Lansing-East Lansing, MI

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