Aug 2026
$157K
+4.1% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Lansing, MI
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Lansing, MI. Built for agents; free to read.
Lansing, MI’s median sale price is $157K as of Aug 2026 — +4.1% year over year. Pecan Street tracks Lansing with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$838/mo
$36K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Lansing compares to other U.S. metros
| Price-to-rent | ↓189th of 195 |
|---|---|
| Days on market | ↓188th of 194 |
| Price cuts | ↑47th of 194 (top 25%) |
| Home-price growth | ↑55th of 195 (top 29%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 8 -6.3% YoY ↓189th of 195 |
|---|---|
| Asking price / sq ft | $152 +0.7% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 43% +1.2 pts YoY ↑47th of 194 (top 25%) |
|---|---|
| New housing units permitted | 63 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 50 |
|---|---|
| MLS board of record | Greater Lansing Association of REALTORS |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 1.0ppRedfin (city) +4.1% | FHFA HPI · Q2 2026 +5.1% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in MI
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 48823 | $345K↓ | 104↑ | 52↓ | 52↑ | 45↑ | $326K↑ |
| 48837 | $288K↓ | 29↓ | 24↑ | 16↓ | 32↓ | $305K↑ |
| 48842 | $268K↓ | 44↑ | 40↑ | 24↓ | 30↑ | $274K↑ |
| 48854 | $299K↓ | 31↓ | 24↓ | 16↓ | 25 | $280K↑ |
| 48864 | $530K↑ | 64↑ | 24↓ | 28↑ | 50↑ | $388K↑ |
| 48867 | $225K↑ | 58↑ | 44↓ | 20↓ | 39↑ | $187K↑ |
| 48906 | $160K↑ | 77↑ | 44↑ | 32↑ | 35↓ | $169K↑ |
| 48910 | $130K↑ | 116↑ | 76↑ | 48↑ | 31↑ | $145K↑ |
| 48911 | $184K↑ | 53↑ | 32↑ | 20↑ | 31↓ | $175K↑ |
| 48912 | $128K↑ | 74↑ | 32↑ | 32↑ | 42↑ | $140K↓ |
| 48915 | $140K↑ | 54↑ | 20 | 20↑ | 46↑ | $130K↑ |
| 48917 | $282K↑ | 46↑ | 44↑ | 20↑ | 35↑ | $266K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.