Welcome to our 48917 real estate data hub, tailored for investors in 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 48917 in Lansing, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in EATON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Lansing, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Lansing property market.
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Location Overview
- Zip Code: 48917
- City: Lansing
- State: MI
- Metro Area: Lansing-East Lansing, MI
- County Name: EATON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $227,458
- Average Home Price (Single Family Homes): $226,688
- Average Monthly Rental Price (All Types): $1,323
- Price-to-Rent Ratio: 14
- Zillow Projected % appreciation from 4/2023-4/2024: 0.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,090
- Average 3 Bedroom Section 8 Rental Rates: $1,410
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.39
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.44
- Number of Units Offered in Section 8 in the County: 623
- Number of Occupied Units in Section 8 in the County: 598
- Percentage of Section 8 Units Occupied in the County: 95.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 125.44
- Total % Appreciation since 2000 (Government Data): 55.31
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.47%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.14%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.74%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.91%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 95.6%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.91%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.22%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.94%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.73%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%