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

  • 8.1% 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 8.1% 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 $113, which is higher than the Lansing Metro average of $93. The median price of homes currently listed in East Lansing is $153,500 while the median price of homes that sold is $171,500.

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 Aug 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

    (Aug 31, 2015)
  • $153,500 Median listing price
  • $171,500 Median sale price
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East Lansing Market Health

Data through Aug 31, 2014
  • 8.3/10 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 $192,400 Meridian Township $176,600 Bath Township $172,900
Delhi Township $160,700 Dewitt Township $158,600 Haslett $154,100
Holt $113,400 Edgemont Park $99,500 Lansing Township $67,000

Listings & Sales

Data through Aug 31, 2014
  • $113 Median list price / sq ft
  • $123 Median sale price / sq ft (Jul 31, 2014)
  • 51.0% Listings with price cut
24.7%
Sold below listing
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East Lansing Rentals

Data through Aug 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
$1,278 East Lansing
$974 Lansing Metro
$1,328 United States
  • 1.7 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, 2014)
  • No data Rent list price
  • $0.88 Rent list price / sq ft (Jul 31, 2014)
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