ZIP Code Market Report
48915 — Lansing, MI
Data through February 2026 · Updated monthly
Avg Home Value
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Month-over-Month
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Single Family
$117,512
Condo / Co-op
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A 3-bedroom home in 48915 is valued at $137,307.
The market in 48915 has a $98,017 spread between bottom-tier homes at $83,951 and top-tier homes at $181,968. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 48915 ZIP code will decrease 1.0% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Eaton County market area in Michigan. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Eaton County report.
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Market Snapshot
48915 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Single Family Value | $116,563 | $117,138 | $117,512 | ▲ 0.8% |
Home Values
48915 Home Value Trend
Historical home values for ZIP code 48915. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 48915
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $93,638 |
| 3 Bedrooms | $137,307 |
| 4 Bedrooms | $162,295 |
Property Types
Home Values by Property Type in 48915
How different property types compare in this ZIP code.
Single Family
$117,512
Bottom Tier
$83,951
Top Tier
$181,968
Forecast
12-Month Home Value Forecast for 48915
Zillow projects home values in 48915 will decrease 1.0% over the next year.
Current Value
--
Projected Change
-1.0%
▼ 1.0%
Projected Value
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Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 48915 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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