Property Prices in Lansing, MI, United States

Index Info
Price to Income Ratio: 2.17
Mortgage as Percentage of Income: 19.47%
Loan Affordability Index: 5.13
Price to Rent Ratio - City Centre: 7.13
Price to Rent Ratio - Outside of Centre: 9.16
Gross Rental Yield (City Centre): 14.03%
Gross Rental Yield (Outside of Centre): 10.92%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 901.67 $ 505.00-1,400.00
Apartment (1 bedroom) Outside of Centre 826.25 $ 505.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,575.00 $ 950.00-2,200.00
Apartment (3 bedrooms) Outside of Centre 951.67 $ 505.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 128.51 $ 120.00-137.03
Price per Square Feet to Buy Apartment Outside of Centre 128.51 $ 120.00-137.03
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,193.45 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.56 6.19-6.80

These data are based on 42 entries in the past 18 months from 16 different contributors.
Last update: March 2024

Sources and References
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