Lansing, MI home prices
Typical home $246,267 · +3.6% in a year · income needed $78,200
The Lansing, MI metro area ranks 465 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.6% in a year and +27.3% over five years. With 20% down at 7.11%, the typical home costs about $1,824 a month including 1.83% property tax (Ingham County rate).
Mortgage on the typical Lansing home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,253 | $197,014 | $1,325 | $0 | $499 | $1,824 | $78,200 |
| 10% down | $24,627 | $221,640 | $1,491 | $92 | $499 | $2,082 | $89,200 |
| 5% down | $12,313 | $233,954 | $1,574 | $97 | $499 | $2,170 | $93,000 |
| 3.5% down (FHA) | $8,619 | $241,806 | $1,627 | $109 | $499 | $2,234 | $95,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.83% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Lansing area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Ingham County, MI | $223,411 | +2.5% | 1.83% |
| Eaton County, MI | $259,014 | +3.5% | 1.41% |
| Clinton County, MI | $314,333 | +4.3% | 1.23% |
| Shiawassee County, MI | $213,474 | +5.1% | 1.31% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Lansing?
The typical home in the Lansing, MI metro area is worth $246,267 (Zillow, September 2026).
What salary do you need to buy a house in Lansing?
About $78,200 a year for the typical home with 20% down at 7.11%.