The story of this market
The typical home in ZIP 48933 sells for about $173,139, or $153 per square foot.
Prices are up +8.4% from a year ago, so sellers still have some momentum. Homes take about 107 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $920 a month.
ZIP 48933 — Lansing
The 48933 housing market shows steady appreciation with a median home value of approximately $173,000. While inventory remains tight, the market is supported by consistent demand from government and education sector employees in the Lansing area.
This ZIP is well-suited for government employees, urban professionals, and those seeking proximity to the state capital's core, offering a mix of historic housing and central accessibility.
Median prices moved up 8.4% year over year.
Homes spend a median of 107 days on market with 2.0 months of supply — a balanced-paced market.
14% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.6% · poverty 34.9% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48933, Ingham County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area serves as the state capital, with significant employment driven by government, education, and healthcare sectors in the Greater Lansing region.
Property taxes are assessed at the local level with an average effective rate of approximately 1.4% for residential parcels.
Located in the heart of Lansing, this ZIP offers a highly central location with short commute times to major state government offices and downtown employment hubs.
The area features proximity to downtown Lansing amenities, including local parks, government buildings, and cultural venues within the city core.
The rental market is supported by the proximity to state government and university-related demand, with median rents around $1,268.
The economy is anchored by the State of Michigan government operations, Michigan State University, and regional healthcare systems.
The area is served by major highway corridors and local transit infrastructure typical of the state capital region.
Ongoing urban revitalization efforts in downtown Lansing continue to influence the development pipeline in and around the 48933 ZIP.
Parcels are subject to standard municipal and county-level taxing districts, including local school and library levies.
Data retrieved from US Census Bureau and American Community Survey profiles.
- Zap Zone XL - Lansing4.63.5 mi
- High Caliber Karting and Entertainment4.87 mi
- Funcity Trampoline and Adventure Park3.73.9 mi
- Sky Zone Trampoline Park4.52.6 mi
- Launch Family Entertainment Lansing4.66.9 mi
- Breslin Center4.73.3 mi
- Spartan Stadium4.63.7 mi
- MSU Union4.63.7 mi
- Wharton Center for Performing Arts4.74.4 mi
- Celebration! Cinema4.55.3 mi
- Potter Park Zoo4.52 mi
- NCG Cinema - Lansing & IMAX!4.32.8 mi
- Celebration! Cinema4.55.3 mi
- Impression 5 Science Center4.70.5 mi
- Hawk Island Park4.63.4 mi
- Impression 5 Science Center4.70.5 mi
- Michigan History Center4.70.5 mi
- Eli and Edythe Broad Art Museum4.34.1 mi
- R.E. Olds Transportation Museum4.80.6 mi
- MSU Museum4.43.8 mi
- Hawk Island Park4.63.4 mi
- Hope Sports Complex4.44.9 mi
- Fitzgerald Park4.710.6 mi
- Lake Lansing Park South4.67.7 mi
- Burchfield Park4.79 mi
- Royal Scot Lansing4.14 mi
- Hawk Hollow Golf Course4.65.8 mi
- Forest Akers East Golf Course4.43.8 mi
- Eldorado Golf Course4.510.2 mi
- Forest Akers West Golf Course4.53.5 mi
- Horrocks Farm Market4.85.3 mi
- Meijer4.33.3 mi
- Meridian Mall4.27 mi
- Meijer44.8 mi
- Meijer4.36.8 mi
- Capital Region International Airport4.33.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The historic seat of Michigan government located within the ZIP.
Central business district with various dining and retail options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.