There are currently 11,222 real estate properties in East Lansing, MI, with a median automated valuation model (AVM) price of $240,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Lansing, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in East Lansing, MI, is $261,384.00, with the most expensive house in East Lansing, MI, topping out at $2,308,000.00 and the cheapest home in East Lansing, MI, clocking in at $51,000.00. In other words, there’s something for every potential homebuyer or savvy investor in East Lansing, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Lansing, MI, is on a rollercoaster ride. The average rent price in East Lansing, MI, is $1,632.00. Indeed, when looking to rent in East Lansing, MI, you can expect to pay as little as $770.00 or as much as $3,720.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in East Lansing, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the East Lansing, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in East Lansing, MI and much more. Save thousands at closing with home foreclosure listings in East Lansing, MI — up to 75% off market value!
East Lansing is located in Ingham, Michigan, with an estimated municipal population of 48,145 residents. All of the best foreclosed homes for sale in East Lansing are located in the following zip code areas on Foreclosure.com: 48825 48823 48826. The estimated population per square kilometer (.62 miles) in East Lansing is 1,384.
So, about how much do homes cost in East Lansing? The most recent median value of resident-owned homes in East Lansing is 192,997. An estimated 35.6 percent of households in East Lansing own their homes, with an average family size of 2.92. The median household income in East Lansing is 39,867, with22.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Lansing, the median commute time of resident workers (in minutes) is 16.3. And last, but certainly not least, are you looking for homes to rent in East Lansing? If so, the average rent price paid by renters in East Lansing is 952, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to East Lansing, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in East Lansing is 21.4, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in East Lansing is 17.3, with an average family size of 2.92.
The percentage of residents who report their race in East Lansing is as follows:
|Black / African American||6.8%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near East Lansing? Or maybe you are searching for 55+ active adult communities in and/or near East Lansing?
The percentage of residents who report their age in East Lansing is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in East Lansing with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Lansing.
How do you know that living in -- or moving to -- East Lansing is right where you need to be? Perhaps you grew up in East Lansing or already live nearby; therefore, the decision to buy a home in East Lansing is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Lansing for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in East Lansing:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Lansing.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Lansing can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Lansing, meanwhile, can field multiple offers from more qualified buyers.