Home values, rents and more in ZIP code 48906 (Lansing, MI)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 48906 in ProMap- Under $170k
- $170k–$270k
- $270k–$300k
- $300k–$330k
- $330k+
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How 48906 compares
The typical home in ZIP code 48906 (Lansing, MI) is worth about $166,000, according to the Zillow Home Value Index for September 2026. Home values in 48906 are 33% below the typical value in the Lansing metro area ($246,000) and 55% below the U.S. typical value ($366,000).
Over the past year, home values in 48906 rose 3.5%, compared with +3.6% in the Lansing metro area and +1.2% nationally.
Typical rent is $1,293 a month (Zillow Observed Rent Index), about the same as the Lansing metro area ($1,302) and 33% below the U.S. ($1,932). Rents rose 12.9% over the past year.
The median household income is $64,315, against $72,550 in the Lansing metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 25,901 people live in 48906 (American Community Survey 2020–24).
48906 has the 5th-lowest typical home value of the 35 ZIP codes in the Lansing metro area and the 117th-lowest of 891 in Michigan with Zillow figures.
Part of: Lansing, MI · Clinton County, MI · Lansing metro area · Michigan
More for 48906 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.