The story of this market
The typical home in ZIP 48824 sells for about $258,000, or $152 per square foot.
Prices are down 8.7% from a year ago, which gives buyers more room to negotiate. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 48824 — East Lansing
The housing market in ZIP 48824 is characterized by high renter density and institutional stability due to its proximity to Michigan State University. Market figures reflect the broader Lansing metropolitan area, showing a balanced transition with moderate inventory constraints. Pricing remains stable, though year-over-year metrics indicate a slight correction from previous highs.
Median prices moved down 8.7% year over year.
Homes spend a median of 37 days on market with 3.2 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.0% · poverty 22.5% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48824, 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.
Data retrieved from Census Bureau ZCTA-level profiles and local market reports.
- Zap Zone XL - Lansing4.67.5 mi
- High Caliber Karting and Entertainment4.83.1 mi
- Funcity Trampoline and Adventure Park3.77.8 mi
- Sky Zone Trampoline Park4.56.4 mi
- Launch Family Entertainment Lansing4.63 mi
- Breslin Center4.70.7 mi
- Spartan Stadium4.60.4 mi
- MSU Union4.60.7 mi
- Wharton Center for Performing Arts4.70.5 mi
- Celebration! Cinema4.55.7 mi
- Potter Park Zoo4.52.5 mi
- NCG Cinema - Lansing & IMAX!4.33.4 mi
- Celebration! Cinema4.55.7 mi
- Impression 5 Science Center4.73.5 mi
- Hawk Island Park4.63.4 mi
- Impression 5 Science Center4.73.5 mi
- Michigan History Center4.74.3 mi
- Eli and Edythe Broad Art Museum4.30.6 mi
- R.E. Olds Transportation Museum4.83.5 mi
- MSU Museum4.40.5 mi
- Hawk Island Park4.63.4 mi
- Hope Sports Complex4.44.2 mi
- Lake Lansing Park South4.64.3 mi
- Burchfield Park4.79.7 mi
- Frances Park4.65.5 mi
- Royal Scot Lansing4.17.8 mi
- Hawk Hollow Golf Course4.64.9 mi
- Forest Akers East Golf Course4.41.3 mi
- Eldorado Golf Course4.58.8 mi
- Wheatfield Valley Golf4.59.9 mi
- Horrocks Farm Market4.89.3 mi
- Meridian Mall4.23.1 mi
- Meijer4.32.8 mi
- Meijer45 mi
- Meijer4.32.8 mi
- Capital Region International Airport4.36.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.