Rental numbers for Ingham County, MI
The typical home here runs -$774 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.0%.
- Gross yield
- 6.6%
- typical home, Zillow
- Median ZIP yield
- 7.0%
- 11 ZIPs with full data
- Cash flow
- -$774/mo
- at 7.78%, 25% down
- Typical price
- $227,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,258/mo
- Zillow ZORI, Aug 2026
ZIP codes in Ingham County
17 with published figures
| 48915Lansing | $129,000 | $1,259 | 11.7% | 6.2% | -$32 | n/a |
| 48912Lansing | $140,000 | $1,223 | 10.5% | 5.4% | -$124 | +3.0% |
| 48910Lansing | $145,000 | $1,199 | 9.9% | 4.5% | -$232 | +8.1% |
| 48906Lansing | $170,000 | $1,297 | 9.2% | 4.3% | -$310 | +11.8% |
| 48911Lansing | $174,000 | $1,125 | 7.8% | 3.0% | -$496 | +5.6% |
| 48842Holt | $274,000 | $1,595 | 7.0% | 2.6% | -$872 | +1.8% |
| 48854Mason | $280,000 | $1,611 | 6.9% | 3.0% | -$804 | n/a |
| 48933Lansing | $173,000 | $993 | 6.9% | 1.8% | -$677 | n/a |
| 49251Leslie | $242,000 | $1,310* | 6.5% | 2.7% | -$756 | n/a |
| 49285Stockbridge | $298,000 | $1,450* | 5.8% | 2.3% | -$1,026 | n/a |
| 48892Webberville | $284,000 | $1,270* | 5.4% | 1.7% | -$1,140 | n/a |
| 48864Okemos | $387,000 | $1,642 | 5.1% | 1.2% | -$1,703 | n/a |
| 48823East Lansing | $326,000 | $1,351 | 5.0% | 1.0% | -$1,491 | +4.1% |
| 48840Haslett | $310,000 | $1,281 | 5.0% | 1.1% | -$1,383 | n/a |
| 49264Onondaga | $261,000 | $1,020* | 4.7% | 1.5% | -$1,080 | n/a |
| 48895Williamston | $330,000 | $1,230* | 4.5% | 0.8% | -$1,565 | n/a |
| 48819Dansville | $288,000 | $1,020* | 4.3% | 0.9% | -$1,342 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.8%
- Rent, 12 months
- +6.3%
- Rent minus price growth
- +3.5 pts
- Property tax
- 1.83%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $177,086 | $932 |
| Aug 2022 | $191,388 | $1,027 |
| Aug 2023 | $197,135 | $1,064 |
| Aug 2024 | $210,208 | $1,138 |
| Aug 2025 | $221,344 | $1,184 |
| Aug 2026 | $227,430 | $1,258 |
HUD Fair Market Rent
FY2027, Lansing-East Lansing, MI MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,036 | $1,054 | $1,323 | $1,685 | $1,739 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 5.3
- 620 units, last 12 months
- National percentile
- 50th
- among US counties
Tools
Test a listing in Ingham County against today's rate.
Open the calculatorPart of the Lansing, MI metro.
Questions
- Is Ingham County good for rental property?
- The typical home here runs -$774 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Ingham County?
- About 1.83% of value, from Census ACS median taxes paid over median home value. On a $227,000 home that is about $4,164 a year.
- What is Fair Market Rent in Ingham County?
- HUD's FY2027 Fair Market Rent here is $1,054 for a 1-bedroom, $1,323 for a 2-bedroom and $1,685 for a 3-bedroom. Typical cash flow at today's rate is -$774 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.