The story of this market
The typical home in ZIP 48840 sells for about $315,247, or $152 per square foot.
Prices are down 8.7% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,071 a month.
ZIP 48840 — Haslett
The Haslett housing market remains stable with strong demand for single-family homes, supported by its proximity to major employment hubs. While year-over-year prices show slight fluctuations, the market maintains a healthy pace of sales and low inventory levels. Buyers are attracted to the area's school quality and recreational amenities, keeping the market competitive.
Haslett is well-suited for families and professionals seeking a suburban lifestyle with access to lake amenities and proximity to the Lansing/East Lansing employment and education centers.
Median prices moved down 8.7% year over year.
Homes spend a median of 25 days on market with 2.6 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 6.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48840, 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.
Haslett Public Schools is the primary district serving the area, generally regarded for its stable academic performance and community-focused environment.
The area is primarily inland with standard regional risks; flood and wildfire risks are generally low, though property insurance premiums are influenced by Michigan's broader climate and severe weather exposure.
Economic momentum is driven by proximity to Michigan State University and the Lansing employment core, with steady residential demand and limited new large-scale commercial development.
Property taxes are assessed at the local level by Ingham County and the township, based on taxable value capped by state law; special assessments may apply for local infrastructure and school district operations.
Residents primarily commute via I-69 and local arterials toward the Lansing and East Lansing employment hubs, with typical drive times ranging from 15 to 25 minutes.
The area is anchored by Lake Lansing, which provides significant water-based recreation, alongside local parks, trails, and proximity to shopping and dining in the Okemos and East Lansing corridors.
The rental market is characterized by moderate demand driven by university-affiliated residents and professionals, with stable vacancy rates and consistent rent growth.
The economy is heavily influenced by the proximity to Michigan State University, state government operations in Lansing, and the healthcare sector.
Transportation is primarily automobile-dependent, with access to I-69 and I-96 providing regional connectivity.
Development is largely focused on infill residential projects and small-scale commercial improvements along the main corridors.
The Ingham County Equalization Department oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to Haslett Public Schools district taxes and local township levies for public services.
Property insurance rates are competitive but reflect regional risks associated with severe weather and winter conditions.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major recreational anchor offering boating, fishing, and public beach access.
Features extensive trails and natural areas for hiking and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.