Rental numbers for the Lansing, MI metro
The typical home here runs -$821 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 13 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.9%.
- Gross yield
- 6.2%
- typical home, Zillow
- Median ZIP yield
- 6.9%
- 13 ZIPs with full data
- Cash flow
- -$821/mo
- at 7.78%, 25% down
- Typical price
- $250,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,280/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
49 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% |
| 48853Maple Rapids | $159,000 | $1,050* | 7.9% | 3.9% | -$346 | n/a |
| 48911Lansing | $174,000 | $1,125 | 7.8% | 3.0% | -$496 | +5.6% |
| 48841Henderson | $187,000 | $1,120* | 7.2% | 3.5% | -$461 | n/a |
| 48476Vernon | $165,000 | $970* | 7.0% | 2.9% | -$498 | n/a |
| 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 |
| 48817Corunna | $204,000 | $1,170* | 6.9% | 3.2% | -$549 | n/a |
| 48867Owosso | $187,000 | $1,030* | 6.6% | 2.6% | -$595 | n/a |
| 49251Leslie | $242,000 | $1,310* | 6.5% | 2.7% | -$756 | n/a |
| 48917Lansing | $264,000 | $1,395 | 6.3% | 2.4% | -$888 | +3.9% |
| 48861Mulliken | $240,000 | $1,260* | 6.3% | 2.8% | -$738 | n/a |
| 48866Ovid | $194,000 | $1,020* | 6.3% | 2.6% | -$623 | n/a |
| 49073Nashville | $224,000 | $1,160* | 6.2% | 2.6% | -$730 | n/a |
| 48876Potterville | $229,000 | $1,170* | 6.1% | 2.3% | -$799 | n/a |
| 48418Byron | $298,000 | $1,520* | 6.1% | 3.0% | -$862 | n/a |
| 48857Morrice | $246,000 | $1,250* | 6.1% | 2.4% | -$835 | n/a |
| 49021Bellevue | $252,000 | $1,260* | 6.0% | 2.5% | -$843 | n/a |
| 48831Elsie | $205,000 | $1,020* | 6.0% | 2.4% | -$691 | n/a |
| 48429Durand | $198,000 | $970* | 5.9% | 2.1% | -$711 | n/a |
| 48414Bancroft | $216,000 | $1,050* | 5.9% | 2.3% | -$744 | n/a |
| 48822Eagle | $328,000 | $1,600* | 5.9% | 2.7% | -$1,035 | n/a |
| 48890Sunfield | $248,000 | $1,210* | 5.9% | 2.3% | -$861 | n/a |
| 49285Stockbridge | $298,000 | $1,450* | 5.8% | 2.3% | -$1,026 | n/a |
| 48827Eaton Rapids | $256,000 | $1,210* | 5.7% | 2.3% | -$897 | n/a |
| 48872Perry | $273,000 | $1,270* | 5.6% | 2.3% | -$958 | n/a |
| 49096Vermontville | $240,000 | $1,110* | 5.6% | 2.0% | -$887 | n/a |
| 48820Dewitt | $367,000 | $1,688 | 5.5% | 2.1% | -$1,321 | n/a |
| 49076Olivet | $240,000 | $1,090* | 5.5% | 1.9% | -$919 | n/a |
| 48813Charlotte | $243,000 | $1,100* | 5.4% | 1.9% | -$921 | n/a |
| 48892Webberville | $284,000 | $1,270* | 5.4% | 1.7% | -$1,140 | n/a |
| 48808Bath | $332,000 | $1,430* | 5.2% | 1.9% | -$1,261 | 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% |
| 48821Dimondale | $310,000 | $1,280* | 5.0% | 1.3% | -$1,323 | n/a |
| 48840Haslett | $310,000 | $1,281 | 5.0% | 1.1% | -$1,383 | n/a |
| 48837Grand Ledge | $303,000 | $1,200* | 4.8% | 1.3% | -$1,317 | n/a |
| 49264Onondaga | $261,000 | $1,020* | 4.7% | 1.5% | -$1,080 | n/a |
| 48460New Lothrop | $249,000 | $970* | 4.7% | 1.2% | -$1,096 | n/a |
| 48895Williamston | $330,000 | $1,230* | 4.5% | 0.8% | -$1,565 | n/a |
| 48879Saint Johns | $297,000 | $1,080* | 4.4% | 1.2% | -$1,305 | n/a |
| 48819Dansville | $288,000 | $1,020* | 4.3% | 0.9% | -$1,342 | n/a |
| 48848Laingsburg | $304,000 | $1,040* | 4.1% | 0.9% | -$1,423 | n/a |
| 48835Fowler | $306,000 | $1,020* | 4.0% | 1.0% | -$1,395 | n/a |
| 48894Westphalia | $356,000 | $1,060* | 3.6% | 0.8% | -$1,683 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.6%
- Rent, 12 months
- +5.5%
- Rent minus price growth
- +1.9 pts
- Property tax
- 1.32%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $197,708 | $957 |
| Aug 2022 | $214,632 | $1,057 |
| Aug 2023 | $219,426 | $1,094 |
| Aug 2024 | $232,664 | $1,163 |
| Aug 2025 | $240,919 | $1,213 |
| Aug 2026 | $249,666 | $1,280 |
Counties
- Shiawassee County, MIn/a median yield
- Clinton County, MI5.5% median yield
- Eaton County, MI6.3% median yield
- Ingham County, MI7.0% median yield
- Barry County, MIn/a median yield
Tools
Questions
- Is the Lansing, MI metro good for rental property?
- The typical home here runs -$821 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 13 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.9%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Lansing, MI metro have the highest rental yield?
- 48915 (Lansing) at 11.7%, 48912 (Lansing) at 10.5%, 48910 (Lansing) at 9.9%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.