Lansing, MI

Population: 113,972
Average annual home appreciation rate: 9.27%
Total of homes for sale in this market: 747
Median home price: $90,420
Median Rent: $813 per room
Home price range: 49.49% of homes are between $53,001 – $106,000
Median sales price: $46,500
Number of homes: 365
Median foreclosure sales price: $48,250
Foreclosure discount: N/A
Most common home type: 63.61% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.20%
Number of renters: 47.80%
Number of owner occupied: 52.20%
Number people living below poverty level: 28.73%
Unemployment rate: 6.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lansing area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *