Home Values

East Lansing Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$167,400

  • 8.4% 1-year change
  • 3.5% 1-year forecast

The median home value in East Lansing is $167,400. East Lansing home values have gone up 8.4% over the past year and Zillow predicts they will rise 3.5% within the next year. The median list price per square foot in East Lansing is $106, which is higher than the Lansing Metro average of $91. The median price of homes currently listed in East Lansing is $153,500 while the median price of homes that sold is $172,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in East Lansing is 1.2%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of East Lansing homeowners underwater on their mortgage is 18.0%, which is lower than Lansing Metro at 27.3%.

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Relative ZHVI
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East Lansing Market Overview

Data through Nov 30, 2014
  • $167,400 ZHVI
  • 3.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $153,500 Median listing price
  • $172,800 Median sale price (Oct 31, 2014)
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East Lansing Market Health

Data through Nov 30, 2014
  • 8.5/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 18.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Okemos $196,500
Bath Township $176,600
Meridian Township $176,100
Name Median ZHVI
Delhi Township $164,600
Dewitt Township $161,100
Haslett $159,000
Name Median ZHVI
Holt $107,400
Edgemont Park $96,100
Lansing Township $65,600

Listings & Sales

Data through Nov 30, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
19.1%
Sold below listing
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East Lansing Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,263 East Lansing
    $985 Lansing Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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