Is Lansing, MI a good place to invest in rental property?

Lansing, MI has a median modeled monthly cash flow of $-61 and a median cap rate of 5.8%, on a median sold price of $153,078. Prices changed +3.4% year over year.

What is the average cap rate in Lansing, MI?

The median cap rate across recently sold homes in Lansing, MI is 5.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lansing, MI?

The median sold price in Lansing, MI is $153,078 (about $122 per square foot).

Investing in Lansing, MI Real Estate

A data-driven snapshot of the Lansing, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$153,078Median sold price

$122Median $/sqft

5.8%Median cap rate

$-61Modeled cash flow / mo

+3.4%Appreciation YoY

8.4Months of supply

1,094Active listings

1,572Sold (last 12 mo)

What the Lansing numbers say

In Lansing, MI, the median home sold for $153,078 (about $122 per square foot), and the typical deal models out to a 5.8% cap rate with a median $-61 of monthly cash flow. Sold prices moved +3.4% over the past year. Inventory sits at about 8.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 8 fix-and-flip deals in Lansing — listings where the estimated after-repair value beats list price + rehab.

Other Michigan markets to compare

See Lansing cash-flowing listings

CashFlowRE ranks every for-sale home in Lansing, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lansing deals, or browse the national market data.