Lansing-East Lansing, MI · Michigan
Shiawassee County
ZIP 48867
68,061 residents69 permits TTM$64,464 median HHI12 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$164,600
ACS 5-Year
Cap rate proxy
6.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.3%
HUD FMR ÷ ACS HHI
Net migration
+1.80%
IRS SOI
Permits (TTM)
69
Census BPS
Climate risk
62.2
FEMA NRI (0–100)
ZIP 48867
Median home value
—
Gross yield
—
Buy Box score
0.9
Section 8 gap
—
Affordability
P/I: 2.8R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown12 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 48476 | — | — | — | 6.4% | — |
| 48841 | — | — | — | 6.4% | — |
| 48867 | — | — | — | 5.9% | — |
| 48429 | — | — | — | 5.6% | — |
| 48817 | — | — | — | 5.4% | — |
| 48449 | — | — | — | 5.4% | — |
| 48414 | — | — | — | 5.1% | — |
| 48857 | — | — | — | 4.5% | — |
| 48460 | — | — | — | 4.5% | — |
| 48872 | — | — | — | 4.0% | — |
| 48418 | — | — | — | 3.7% | — |
| 48848 | — | — | — | 3.7% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
79.3%
Census ACS
Vacancy rate
8.8%
Census ACS
Bachelor's degree +
19.5%
Census ACS
Rent burdened
44.2%
Census ACS (>30% income)
Median age
43.1
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