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Market MapLansing, MI
Metropolitan Area

Lansing, MI

Michigan03 counties
69
/100
Buy
#227 of 894 metros
Top 25% nationally for investing

Market Snapshot

$236,853
Median Home Price
3% below national median
$1,304/mo
Median Rent
6% below national median
6.61%
Rent-to-Price Ratio
Top 36% nationally
-$394
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$236,853
Down Payment (20%)$47,371
Loan Amount$189,482
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,304
Monthly P&I-$1,242
Est. Expenses (35%)-$457
Net Cash Flow-$394/mo
4.3%
Cap Rate (all cash)
-8.7%
Cash-on-Cash Return
6.61%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.3% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
69/100
69
Cash Flow(30%)
66/100

Based on 6.61% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
81/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
79/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)
  • +Multiple counties (3) for portfolio diversification

Challenges

  • -Negative cash flow at typical financing (-$394/mo)
  • -Negative leverage (cap rate 4.3% < mortgage rate 6.9%)

Counties in Lansing, MI

Best Overall
Ingham
MI - Score: 71
Verdict
InghamMI
282,54071$212,456$1,2937.30%BuyView
EatonMI
109,07269$247,843$1,4106.83%BuyView
ClintonMI
79,24963$297,132$1,6076.49%BuyView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Current
Lansing, MI
69$236,853$1,3046.61%Buy

The Bottom Line

BuyLansing, MI offers solid investment potential with good cash flow or appreciation prospects.

The Lansing, MI metro area scores 69/100, ranking #227 of 894 US metros (top 25%). The 6.61% rent-to-price ratio indicates moderate cash flow potential. Among 3 counties, Ingham shows the strongest investment potential (score: 71). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-394/mo
Cap Rate
4.3%
Cash-on-Cash
-10.0%

Ready to Invest in Lansing, MI?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyIngham
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