How much is a home worth in ZIP code 48911?

The typical home in 48911 is worth $169,749, based on the Zillow Home Value Index.

Are home values rising in 48911?

Home values in 48911 are up 3.0% over the past year, and up 5.5% a year over five years.

What is the typical rent in 48911?

A typical home in 48911 rents for about $995 a month, a gross rental yield of 7.0%.

What is the property tax rate in 48911?

The effective property tax rate in 48911 is 1.7% — roughly $2,894 a year on a typical home.

ZIP code 48911 has a population of 39,876 and a median household income of $56,631.

HousingHandbookReference data

…

U.S. ZIP Code · MI48911

Ingham County · Lansing-East Lansing, MI

Typical home value

$169,749^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.0%
5-year / yr: +5.5%
10-year / yr: +8.0%

Relative price

vs U.S.: -40.2%
vs metro: -34.6%
vs state: -29.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 48911 is worth $169,749 — 34.6% below the Lansing-East Lansing, MI median. Over the past year, values have risen 3.0%. Homes here rent for a typical $995 a month — a 7.0% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $995^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.7%^[3]
Typical annual tax: $2,894^[3]

#Climate risk

FEMA National Risk Index ratings for Ingham County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 39,876^[3]
Median household income: $56,631^[3]

#Migration

Household moves in and out of Ingham County over a year, from IRS tax-return data.

Net migration: -616^[5]
Moved in: 8,474
Moved out: 9,090

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 7
Middle: 1
High: 1

Gardner International School
Elementary · Grades K–8 · Lansing Public School District
898 students
Dwight Rich School of the Arts
Elementary · Grades K–8 · Lansing Public School District
627 students
Attwood School
Elementary · Grades K–8 · Lansing Public School District
462 students
North School
Elementary · Grades K–8 · Lansing Public School District
359 students
Wexford Montessori Magnet School
Elementary · Grades PK–8 · Lansing Public School District
343 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$11,936

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$858

Loan principal$135,799

Down payment$33,950

Total interest paid$173,204

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.25

Monthly cost to own$1,240

Monthly rent$995

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 78th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48911?: The typical home in 48911 is worth $169,749, based on the Zillow Home Value Index.
Are home values rising in 48911?: Home values in 48911 are up 3.0% over the past year, and up 5.5% a year over five years.
What is the typical rent in 48911?: A typical home in 48911 rents for about $995 a month, a gross rental yield of 7.0%.
What is the property tax rate in 48911?: The effective property tax rate in 48911 is 1.7% — roughly $2,894 a year on a typical home.
Who lives in 48911?: ZIP code 48911 has a population of 39,876 and a median household income of $56,631.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

48853 vs 48911 →
Maple Rapids, MI
Typical home
$169,321
Gross yield
—
48933 vs 48911 →
Lansing, MI
Typical home
$170,539
Gross yield
6.1%
48906
Lansing, MI
Typical home
$167,435
Gross yield
8.3%
48866
Ovid, MI
Typical home
$191,978
Gross yield
—
48910
Lansing, MI
Typical home
$144,180
Gross yield
10.6%
48831
Elsie, MI
Typical home
$198,927
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48911

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