Market Intelligence · MI / Lansing

Lansing, MI 48915 Housing Market

Typical home value in 48915 is $126,721, up 2.1% over the past year. The median list price sits at $140,000, with homes averaging 49 days on market as of September 2026.

Updated September 2026Median value$127K

The median home value in Lansing, MI 48915 is $127K as of September 2026, up 2.1% 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 48915 range

$117K to $137K

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

+2.1% over 12 months

Sep 2025$124K

Low $124KHigh $127K

Sep 2026$127K

The numbers

What is the 48915 housing market like?

As of September 2026

Typical home value

$127K

2.1%YoY

Median list price

$140K

0.0%MoM

Days on market

6.5%MoM

Homes for sale

5.6%MoM

Price cuts

28.7%

35.0%MoM

New listings

30.0%MoM

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

The outlook

48915 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48915 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 48915 rose 2.1%, per the Zillow Home Value Index.

Will home prices drop in 48915?

Zillow's forecast does not call for a drop: it expects typical home values in 48915 to rise 3.1% by September 2027, after a 2.1% 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 48915 home prices compare?

48915$126,721
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

The 48915 ZIP around Lansing shows modest appreciation year over year. With 57 homes currently for sale and 14 new listings, the market is neither flooded nor empty. The median days on market of 49 suggests properties are moving, though not quickly. A notable 28.7% of listings have seen price cuts. For sellers, this data indicates a market that rewards realistic pricing and presentation.

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Down payment20% · $25,344

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Common questions

What people ask us.

What is a typical home value in 48915?

Typical home value in 48915 is $126,721, up 2.1% over the past year as of September 2026.

How many homes are currently for sale in 48915?

As of September 2026, there are 57 homes for sale in the 48915 ZIP code.

How long do homes typically stay on the market in 48915?

The median days on market in 48915 is 49 days as of September 2026.

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