Market report · MI

Lansing, MI

Balanced's market

Cash-flow-friendly fundamentals: 8.8% gross rent yield and 51% of sales closing below list make Lansing a steady BRRRR and rental market.

DATA · Zillow Research (via scrape.do) · AS OF APRIL 2026

$166k
Typical home value
↑17.5%
+3.3%
YoY change
$1,218
Median rent
↑16.3%
8.79%
Gross yield
15
Median DOM
70/100
MDR score
Detail Value Detail Value
Median list price $143,313 Median sale price $150,333
Sale-to-list ratio 0.991 % sold below list +50.8%
Active inventory 446 New listings 175
Trends · 36-month series

How Lansing has moved.

Typical home value $141k → $166k · ↑17.5% (36mo)
$141k $150k $158k $166k May 23Nov 24Apr 26
Median rent (ZORI) $1k → $1k · ↑16.3% (36mo)
$1k $1k $1k $1k May 23Nov 24Apr 26
Median days on market 27d → 15d · ↓44.8% (36mo)
15d 19d 23d 27d Feb 26Mar 26Apr 26
Sale-to-list ratio 0.997 → 0.991 · ↓0.5% (36mo)
0.991 0.993 0.995 0.997 Jan 26Feb 26Mar 26

Lansing sits at a median home value of $166,132 as of the latest Zillow read, up 3.3% year-over-year — still in appreciation mode, which favors flippers willing to compete on speed.

The sale-to-list ratio of 0.991 signals a balanced market — neither bid wars nor fire sales dominate. 50.8% of closings land below list, leaving room to negotiate on the right deal but no broad discount across the board.

Rents tell a stronger story. The Zillow Observed Rent Index for Lansing is $1,218/mo against a $166k median — that’s a 8.79% gross annual rent yield, well above the national 4-5% baseline. BRRRR and long-term rental strategies have real cushion here.

Median days-on-market is running around 15 days against 445.667 active listings — that’s a fast-moving market. Speed is the moat; pre-arranged proof of funds and a tight buyers list are the difference between getting under contract and getting outbid.

MDR’s composite investor score for Lansing is 70/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. Solid mid-tier. A disciplined operator can build a real book here; a tourist will get hurt.

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FAQ

Lansing for investors.

Is Lansing a good market for real estate investors in 2026?

Metro Deal Report's composite investor score for Lansing is 70/100, based on rent yield, sale-to-list ratio, motivated-seller proxies, and days on market. Lansing is a solid mid-tier market — workable for disciplined operators but not a top-of-list pick.

What is the median home price in Lansing?

The typical home value in Lansing as of the most recent Zillow read is $166,132. Median list price is $143,313 and median sale price is $150,333. Year-over-year change: +3.3%.

What can a landlord expect to rent a property for in Lansing?

Zillow's Observed Rent Index for Lansing is $1,218/mo. Against the typical home value of $166k, that produces a gross annual rent yield of 8.79% — above the national 4-5% baseline, supportive of BRRRR and long-term rental strategies.

Is Lansing a buyer's or seller's market?

Lansing's current sale-to-list ratio is 0.991 with 50.8% of homes closing below list. That's a balanced market — neither side dominates. Median days on market: 15 days. Active inventory: 446 listings.

Which investment strategy works best in Lansing?

Lansing's data favors BRRRR and long-term rentals — strong gross yield with stable to appreciating prices. See the per-strategy breakdowns at /wholesaling/lansing, /brrrr/lansing, and /flipping/lansing.

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