The story of this market
The typical home in ZIP 48873 sells for about $246,000, or $152 per square foot.
Prices are up +11.8% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $931 a month.
ZIP 48873 — Pewamo
The Lansing market shows a strong year-over-year increase in closed sale prices despite a decline in listing prices. Low inventory levels continue to drive competition, resulting in a sale-to-list ratio slightly above asking price. Market conditions remain tight for buyers while sellers maintain leverage.
Median prices moved up 11.8% year over year.
Homes spend a median of 37 days on market with 1.3 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 100.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.0% · poverty 4.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48873, 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 data.census.gov ZCTA 48873 profile.
- Funtyme Adventure Parks4.218.4 mi
- Royal Scot Lansing4.118.9 mi
- Ionia Free Fair and Ionia Fairgrounds4.311.6 mi
- Crystal Motor Speedway4.618.7 mi
- I-96 Speedway4.617.5 mi
- Horrocks Tavern4.819.7 mi
- Wagon Wheel American Grill4.59.2 mi
- The Bowling Alley - Ionia4.411.3 mi
- Ionia Theatre4.611 mi
- Maple River State Game Area4.413 mi
- Two Rivers Park4.68.7 mi
- Eagle Park4.612.9 mi
- Bogue Flats Recreation Area4.78.3 mi
- Two Rivers Park4.68.7 mi
- West Park4.612.9 mi
- Haradine Park4.712.9 mi
- Willow Wood Golf Club4.512.6 mi
- Portland Country Club3.85.5 mi
- Huckleberry Creek Golf Course4.62.6 mi
- Shadow Ridge Golf Course and Banquet Center4.310.3 mi
- Meijer4.212.1 mi
- Ken’s Farm Market4.611.8 mi
- Capital Region International Airport4.319.7 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.