The story of this market
The typical home in ZIP 48823 sells for about $325,000, or $154 per square foot.
Prices are up +5.97% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,176 a month.
ZIP 48823 — East Lansing
The housing market in 48823 remains competitive, driven by its proximity to Michigan State University and the state capital. Listing prices have seen modest year-over-year growth, reflecting steady demand in the local market.
This area is well-suited for university-affiliated individuals, students, and families seeking proximity to the educational and employment hubs of Michigan State University and the state capital.
Median prices moved up 6.0% year over year.
Homes spend a median of 36 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 32.2% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48823, Ingham County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Residents of East Lansing enjoy a short commute to the Lansing employment core, typically averaging approximately 4 minutes.
The area features proximity to Michigan State University campus amenities, local parks, and shopping districts within the East Lansing and Lansing metropolitan reach.
The rental market is heavily influenced by the student population of Michigan State University, with a significant portion of the population residing in rental housing.
The economy is anchored by Michigan State University and the state government operations in nearby Lansing.
The area is served by regional highway corridors and local transit options connecting East Lansing to the broader Lansing metropolitan area.
Data sourced from Census Bureau and local market reports.
- Zap Zone XL - Lansing4.69 mi
- High Caliber Karting and Entertainment4.82.7 mi
- Funcity Trampoline and Adventure Park3.79.5 mi
- Sky Zone Trampoline Park4.58.3 mi
- Launch Family Entertainment Lansing4.62.7 mi
- Breslin Center4.73.1 mi
- Spartan Stadium4.62.8 mi
- MSU Union4.62.4 mi
- Wharton Center for Performing Arts4.72.7 mi
- Celebration! Cinema4.58.5 mi
- Potter Park Zoo4.54.9 mi
- NCG Cinema - Lansing & IMAX!4.33.4 mi
- Celebration! Cinema4.58.5 mi
- Impression 5 Science Center4.75.4 mi
- Hawk Island Park4.66.2 mi
- Impression 5 Science Center4.75.4 mi
- Michigan History Center4.76.1 mi
- Eli and Edythe Broad Art Museum4.32.3 mi
- R.E. Olds Transportation Museum4.85.4 mi
- MSU Museum4.42.5 mi
- Hawk Island Park4.66.2 mi
- Hope Sports Complex4.47 mi
- Lake Lansing Park South4.62.1 mi
- Burchfield Park4.712.5 mi
- Frances Park4.67.6 mi
- Royal Scot Lansing4.18.5 mi
- Hawk Hollow Golf Course4.62.8 mi
- Forest Akers East Golf Course4.44.1 mi
- Eldorado Golf Course4.511.4 mi
- Wheatfield Valley Golf4.59.7 mi
- Horrocks Farm Market4.810.8 mi
- Meridian Mall4.22.8 mi
- Meijer4.32.6 mi
- Meijer47.8 mi
- Meijer4.32.9 mi
- Capital Region International Airport4.37.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Major anchor institution and cultural hub for the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.