Welcome to our 48823 real estate data hub, tailored for investors in East Lansing, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 48823 in East Lansing, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in INGHAM COUNTY.
Leverage our comprehensive, zip code-specific data to excel in East Lansing, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the East Lansing property market.
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Location Overview
- Zip Code: 48823
- City: East Lansing
- State: MI
- Metro Area: Lansing-East Lansing, MI
- County Name: INGHAM COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $274,789
- Average Home Price (Single Family Homes): $284,763
- Average Monthly Rental Price (All Types): $1,233
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: 0.9%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,230
- Average 3 Bedroom Section 8 Rental Rates: $1,590
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.62
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.4
- Number of Units Offered in Section 8 in the County: 2476
- Number of Occupied Units in Section 8 in the County: 2328
- Percentage of Section 8 Units Occupied in the County: 94%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 146.47
- Total % Appreciation since 2000 (Government Data): 65.88
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.03%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.17%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.7%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.32%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 83.19%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.54%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.89%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.55%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 15.37%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%