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Affordable housing options in every housing category
Suburban ranches, urban lofts, farmettes and spacious turn-of-the-century charmers. No matter what you’re looking for in a home, you’re sure to find it in Greater Lansing—at a price that’s roughly half the U.S. average. In fact, NBC’s Today Show listed Lansing as the third-best real-estate market in the US to invest in right now, and CNBC.com rated the Metropolitan Lansing housing market as the most affordable in the nation.
|
|
Lansing-East Lansing |
US |
|
Median Home Cost |
$130,340 |
$202,300 |
|
Homes Owned |
64.09% |
64.07% |
|
Housing Vacant |
5.17% |
14.48% |
|
Homes Rented |
30.83% |
21.45% |
Source: bestplaces.net
In fact, our housing market is so affordable that:
- 70% of residents can own their home instead of rent
- Nearly 75% of area residents spend less than 30 percent of their income on housing costs—a common indicator of affordability.
- Almost 50% of residents spend less than 20% of their income on housing!
What’s up in the Greater Lansing housing market?
New, high-rise condos. Recent urban redevelopment projects in downtown Lansing have created exciting new living spaces right in the heart of our entertainment and dining district. Condos are available in a range of buildings that include early 20th-century architectural gems—some of which have been submitted as a National Register District—and rehabbed industrial spaces.