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Lansing

Learn about the people, housing, costs and businesses in Lansing, Minnesota

Median Home$209,800
Median Rent$871/month
Population141
Leading IndustriesWholesale Trade · Retail · Construction12% wholesale trade
Home Value Growth⬆⬆+18.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners91% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Lansing
MN

Frequently Asked Questions

What are today's mortgage rates in Lansing?

As of today, the 30-year fixed mortgage rate for Lansing is approximately 6.965% (7.004% 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 Lansing?

The median home value in Lansing is $210k. The median monthly rent is $871. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lansing?

Home values in Lansing have increased 18.6% 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 Lansing?

Based on a typical all-in ownership cost of $968/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lansing is $84k/year.

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What industries drive the economy in Lansing?

The largest employment sectors in Lansing are public administration (24%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.