East Lansing Home Prices & Values

$162,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.4% 1-year change
  • 4.4% 1-year forecast

The median home value in East Lansing is $162,100. East Lansing home values have gone up 6.4% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in East Lansing is $118, which is higher than the Lansing Metro average of $93. The median price of homes currently listed in East Lansing is $154,900 while the median price of homes that sold is $159,175. The median rent price in East Lansing is $659, which is lower than the Lansing Metro median of $750.

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 6.9%. 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 17.9%, which is lower than Lansing Metro at 26.5%.

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Relative ZHVI
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East Lansing Market Overview

Data through Jul 31, 2014
  • $162,100 ZHVI
  • 4.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $154,900 Median listing price
  • $159,175 Median sale price (Jun 30, 2014)
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East Lansing Market Health

Data through Jul 31, 2014
  • 8.7/10 Very healthy What's This?  
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    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
  • 17.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Okemos $196,200 Meridian Township $176,900 Bath Township $170,700
Delhi Township $162,100 Haslett $156,000 Dewitt Township $155,600
Holt $109,200 Edgemont Park $97,600 Lansing Township $64,800

Listings & Sales

Data through Jul 31, 2014
  • $118 Median list price / sq ft
  • $109 Median sale price / sq ft (Jun 30, 2014)
  • 35.6% Listings with price cut
32.0%
Sold below listing
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East Lansing Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,302 East Lansing
$975 Lansing Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $659 Rent list price
  • No data Rent list price / sq ft
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