Lansing, MI Real Estate
According to census data in the year 2000 there were 53,209 housing units in Lansing.
This represents a 1.3% decline from 53,919 in 1990.
Of those housing units, 53,209 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lansing is about 57.4%.
Lansing's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Lansing were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 16.10% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 37.30% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $73,500 |
| Median Price asked for vacant units | $64,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $486 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 7.40% |
| Simple Mortgage | 61% |
| Debt Free | 25.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
