Market Intelligence · MI / Lansing

Lansing, MI 48906 Housing Market

The typical home in Lansing's 48906 ZIP code is valued at $172,202, up 4.0% over the past year. The median list price sits at $150,000, and homes are taking a median of 44 days on market.

Updated June 2026Median value$172K

The median home value in Lansing, MI 48906 is $172K as of June 2026, up 4.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48906 range

$158K to $186K

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

+4.0% over 12 months

Typical home value in 48906 over the last 12 months: $166K in Jun 2025 to $172K in Jun 2026 (+4.0%).

Jun 2025$166K

Jun 2026$172K

The numbers

What is the 48906 housing market like?

Typical home value

$172K

Up4.0%YoY

Median list price

$150K

Days on market

44

Down1.1%MoM

Homes for sale

52

Price cuts

15.2%

New listings

42

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 48906 home prices compare?

  • 48906$172,202
  • Lansing$172,202
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Lansing: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 52 homes for sale in 48906, with 42 new listings added. The median list price was $150,000, while the typical home value stood at $172,202, reflecting a 4.0% rise over the past year. About 15.2% of listings had a price cut, and homes were spending a median of 44 days on market. For sellers, this points to a market that is holding steady but not fast moving, so realistic pricing matters.

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