Lansing-East Lansing, MI · Michigan
Clinton County
ZIP 48808
79,419 residents193 permits TTM$85,928 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$243,700
ACS 5-Year
Cap rate proxy
5.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.5%
HUD FMR ÷ ACS HHI
Net migration
+2.36%
IRS SOI
Permits (TTM)
193
Census BPS
Climate risk
47.0
FEMA NRI (0–100)
ZIP 48808
Median home value
—
Gross yield
—
Cap rate
4.0%
Rent gap
—
Affordability
P/I: 3.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 48866 | — | — | — | 6.7% | — |
| 48831 | — | — | — | 6.6% | — |
| 48906 | — | — | — | 8.9% | — |
| 48853 | — | — | — | 5.1% | — |
| 48879 | — | — | — | 4.4% | — |
Ranked by composite score
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Demographics
Owner-occupied
82.8%
Census ACS
Vacancy rate
5.5%
Census ACS
Bachelor's degree +
34.2%
Census ACS
Rent burdened
38.8%
Census ACS (>30% income)
Median age
41.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026