Market Intelligence · MI / Lansing

Lansing, MI 48906 Housing Market

Homes in Lansing's 48906 ZIP have a typical value of $166,123, up 3.5% over the past year. The median list price sits at $147,500, with homes taking 45 days on the market as of September 2026.

Updated September 2026Median value$166K

The median home value in Lansing, MI 48906 is $166K as of September 2026, up 3.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48906 range

$153K to $179K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.5% over 12 months

Sep 2025$160K

Low $160KHigh $167K

Sep 2026$166K

The numbers

What is the 48906 housing market like?

As of September 2026

Typical home value

$166K

3.5%YoY

Median list price

$148K

7.5%MoM

Days on market

28.6%MoM

Homes for sale

10.4%MoM

Price cuts

19.0%

7.6%MoM

New listings

40.9%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48906 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48906 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 48906 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 48906?

Zillow's forecast does not call for a drop: it expects typical home values in 48906 to rise 2.1% by September 2027, after a 3.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48906 home prices compare?

48906$166,123
Lansing$166,123
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lansing: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 69 homes for sale in 48906, with 26 new listings added recently. The median time on market is 45 days, suggesting a balanced pace of sales activity. About 19.0% of listings have seen a price cut, indicating some sellers are adjusting expectations. Typical home values have grown 3.5% annually, but the current inventory and price-cut share suggest this is a measured market where pricing strategy matters.

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Common questions

What people ask us.

What is the typical home value in 48906?

The typical home value is $166,123 as of September 2026, up 3.5% over the past year.

How long do homes stay on the market in 48906?

The median days on market is 45 as of September 2026.

What is the median list price in 48906?

The median list price is $147,500 as of September 2026.

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