How much house does $500,000 buy you in Lansing?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Lansing?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Lansing right now. Listings below $500,000 were included if necessary.
6020 Clark Rd, Bath, MI 48808
- Price: $485,000
- 7 bedrooms, 3 bathrooms
- Square feet: 2,998
- See 6020 Clark Rd, Bath, MI 48808 on Redfin.com
1850 Gramer Rd, Webberville, MI 48892
- Price: $500,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,360
- See 1850 Gramer Rd, Webberville, MI 48892 on Redfin.com
10600 S Airport Rd, Dewitt, MI 48820
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,749
- See 10600 S Airport Rd, Dewitt, MI 48820 on Redfin.com
3921 Cloverdale Ave, Okemos, MI 48864
- Price: $495,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,164
- See 3921 Cloverdale Ave, Okemos, MI 48864 on Redfin.com
353 Division St, East Lansing, MI 48823
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,802
- See 353 Division St, East Lansing, MI 48823 on Redfin.com
410 Wanilla Ln, Dewitt, MI 48820
- Price: $495,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,750
- See 410 Wanilla Ln, Dewitt, MI 48820 on Redfin.com
2335 Guernsey Dr, Charlotte, MI 48813
- Price: $494,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,138
- See 2335 Guernsey Dr, Charlotte, MI 48813 on Redfin.com
3836 Sandhill Rd, Lansing, MI 48911
- Price: $460,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,622
- See 3836 Sandhill Rd, Lansing, MI 48911 on Redfin.com
2811 Doane Hwy, Charlotte, MI 48813
- Price: $475,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,448
- See 2811 Doane Hwy, Charlotte, MI 48813 on Redfin.com
1175 Prescott Dr, East Lansing, MI 48823
- Price: $497,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,546
- See 1175 Prescott Dr, East Lansing, MI 48823 on Redfin.com
14507 Mccrumb Rd, Eagle, MI 48822
- Price: $475,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,086
- See 14507 Mccrumb Rd, Eagle, MI 48822 on Redfin.com
3710 W Herbison Rd, Dewitt, MI 48820
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,000
- See 3710 W Herbison Rd, Dewitt, MI 48820 on Redfin.com
3031 Crofton Dr, Dewitt, MI 48820
- Price: $475,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,862
- See 3031 Crofton Dr, Dewitt, MI 48820 on Redfin.com
2386 Gallant Fox Way, Saint Johns, MI 48879
- Price: $469,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,141
- See 2386 Gallant Fox Way, Saint Johns, MI 48879 on Redfin.com
2632 Narrow Lake Rd, Charlotte, MI 48813
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,064
- See 2632 Narrow Lake Rd, Charlotte, MI 48813 on Redfin.com
14109 Warner Rd, Haslett, MI 48840
- Price: $474,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,611
- See 14109 Warner Rd, Haslett, MI 48840 on Redfin.com
6290 Quail Ridge Ln, Dimondale, MI 48821
- Price: $484,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,470
- See 6290 Quail Ridge Ln, Dimondale, MI 48821 on Redfin.com
2278 Narrow Lake Rd, Charlotte, MI 48813
- Price: $489,000
- 3 bedrooms, 3 bathrooms
- Square feet: 4,304
- See 2278 Narrow Lake Rd, Charlotte, MI 48813 on Redfin.com
1234 Lamb Rd, Mason, MI 48854
- Price: $472,500
- 3 bedrooms, 3 bathrooms
- Square feet: 3,016
- See 1234 Lamb Rd, Mason, MI 48854 on Redfin.com
1300 Superior Dr, St Johns, MI 48879
- Price: $469,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,089
- See 1300 Superior Dr, St Johns, MI 48879 on Redfin.com
951 N Edgar Rd, Mason, MI 48854
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,265
- See 951 N Edgar Rd, Mason, MI 48854 on Redfin.com
6039 W Beard Rd, Perry, MI 48872
- Price: $485,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,024
- See 6039 W Beard Rd, Perry, MI 48872 on Redfin.com
4668 Nakoma Dr, Okemos, MI 48864
- Price: $484,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,841
- See 4668 Nakoma Dr, Okemos, MI 48864 on Redfin.com
2803 Ballybunion Way, Okemos, MI 48864
- Price: $499,500
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,022
- See 2803 Ballybunion Way, Okemos, MI 48864 on Redfin.com
14020 Pristine Ct, Dewitt, MI 48820
- Price: $469,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,913
- See 14020 Pristine Ct, Dewitt, MI 48820 on Redfin.com
4737 Hicks Hwy, Olivet, MI 49076
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 3,580
- See 4737 Hicks Hwy, Olivet, MI 49076 on Redfin.com
2972 E Mount Hope Hwy, Grand Ledge, MI 48837
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,347
- See 2972 E Mount Hope Hwy, Grand Ledge, MI 48837 on Redfin.com
6427 W Reynolds Rd, Haslett, MI 48840
- Price: $475,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,226
- See 6427 W Reynolds Rd, Haslett, MI 48840 on Redfin.com
8077 Hunter Rd, Bath, MI 48808
- Price: $480,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,404
- See 8077 Hunter Rd, Bath, MI 48808 on Redfin.com
2811 Carnoustie Dr, Okemos, MI 48864
- Price: $495,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,729
- See 2811 Carnoustie Dr, Okemos, MI 48864 on Redfin.com
