ZIP Code 48915 — Lansing, MI Home Prices (2026)
The typical home in ZIP 48915 (Lansing, Michigan) is worth about $128,000 at roughly $109 per square foot — 25% more affordable than the Lansing median and 56% more affordable than the typical U.S. home.
How 48915 compares
ZIP 48915 is one of the more affordable ZIP codes in Lansing: its typical home value of $128,000 ranks #7 of the 7 Lansing ZIP codes we track (the citywide range runs from $128,000 in 48915 to $265,000 in 48917). Per square foot it costs about $109, against $122 for Lansing as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48915 | $128,000 | $109 |
| Lansing, MI | $171,000 | $122 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48915
Using this ZIP’s rate of about $109 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $109,000 |
| 1,500 sq ft | $163,500 |
| 2,000 sq ft | $218,000 |
| 2,500 sq ft | $272,500 |
| 3,000 sq ft | $327,000 |
Salary needed to buy a home in ZIP 48915
To buy the typical $128,000 home in ZIP 48915 with 20% down, you need a household income of roughly $35,000 a year (about $810 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $41,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $6,400 | $1,010/mo | $43,000/yr |
| 10% (+PMI) | $12,800 | $970/mo | $41,000/yr |
| 20% | $25,600 | $810/mo | $35,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48915
At about $109 per square foot, here is roughly how much home different budgets get you in ZIP 48915:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1380 sq ft | around the typical home here |
| $200k | 1830 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 2290 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2750 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48915 home.
Estimate a specific home in 48915
The estimator below is pre-set to ZIP 48915 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Lansing ZIP codes by home value
Where 48915 sits among Lansing’s 7 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 48917 | $265,000 | $152 |
| 2 | 48911 | $176,000 | $128 |
| 3 | 48933 | $173,000 | $94 |
| 4 | 48906 | $171,000 | $137 |
| 5 | 48910 | $148,000 | $122 |
| 6 | 48912 | $141,000 | $122 |
| 7 | 48915 (this page) | $128,000 | $109 |
ZIP 48915 home prices: frequently asked
What is the average home price in ZIP code 48915? +
What is the price per square foot in 48915? +
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See the full Lansing home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.