Lansing, MI

Population: 114,605
Average annual home appreciation rate: 4.66%
Total of homes for sale in this market:
Median home price: $84,443
Median Rent: $583 per room
Home price range: 43.35% of homes are between $90,001 – $180,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 63.23% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.68%
Number of renters: 42.77%
Number of owner occupied: 57.23%
Number people living below poverty level: 25.19%
Unemployment rate: 12.9%
Is this area perfect for real estate deals going on right now? Low home prices, higher rents, high unemployment and poverty rates, many stressed properties… this could be the ‘perfect storm’ for the savvy cash buy and hold investor.

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