Home values, rents and more in ZIP code 48864 (Okemos, MI)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 48864 in ProMap- Under $170k
- $170k–$260k
- $260k–$280k
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- $320k+
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How 48864 compares
The typical home in ZIP code 48864 (Okemos, MI) is worth about $384,000, according to the Zillow Home Value Index for September 2026. Home values in 48864 are 1.6 times the typical value in the Lansing metro area ($246,000) and 5% above the U.S. typical value ($366,000).
Over the past year, home values in 48864 rose 0.8%, compared with +3.6% in the Lansing metro area and +1.2% nationally.
Typical rent is $1,451 a month (Zillow Observed Rent Index), 11% above the Lansing metro area ($1,302) and 25% below the U.S. ($1,932).
The median household income is $121,103, against $72,550 in the Lansing metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 23,901 people live in 48864 (American Community Survey 2020–24).
48864 has the highest typical home value of the 35 ZIP codes in the Lansing metro area and the 127th-highest of 891 in Michigan with Zillow figures.
Part of: Okemos, MI · Ingham County, MI · Lansing metro area · Michigan
More for 48864 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.