Example household · $83,730 · same pay · 1 adult

Lansing

Housing in Lansing, MI: Rent, Home Prices & Property Tax

$2,463 left/mo

$980/mo (1 bd) in Lansing. Median home $205,400. Property tax 1.57%.

Rent (1-bedroom)
$980
/mo
Buy
$1,577
Mortgage, tax, insurance
Buying costs more
$597
/mo

To buy

  • 20% down payment$41,080
  • Mortgage at 7.24%$1,120
  • Property tax (1.57% of value)$269/mo · $3,225/yr
  • Insurance and upkeep$188
  • Monthly total$1,577

Months to 20% down

$2,463 left each month. About 17 months (1.4 years) to save $41,080.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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