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East Lansing

Learn about the people, housing, costs and businesses in East Lansing, Michigan

Median Home$276,616
Median Rent$1,135/month
Population45,865
Leading IndustriesPublic Administration · Professional Services43% public administration
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults74% of residentstop 1% nationally
Renters63% of occupied units
NotableHighly Educated34% bachelor's · 14% graduate · top 4% nationally
NotableAmenity Score78/100 · highly walkable area
East Lansing
MI

Frequently Asked Questions

What are today's mortgage rates in East Lansing?

As of today, the 30-year fixed mortgage rate for East Lansing is approximately 6.970% (7.009% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Lansing?

The median home value in East Lansing is $277k. The median monthly rent is $1,135. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Lansing?

Home values in East Lansing have increased 18.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Lansing?

Based on a typical all-in ownership cost of $1,182/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Lansing is $54k/year.

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What industries drive the economy in East Lansing?

The largest employment sectors in East Lansing are public administration (43%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.