48823, East Lansing, MI

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In East Lansing, MI, home equity averaged $157,000 in 2016. This means that homeowners in East Lansing had more than 20% of their home's value left over after paying off their mortgages and other debts.

East Lansing's average home price was $128,000 in 2016. This means that homeowners in East Lansing have an average of just over 4 years' worth of mortgage payments left to make before they own their homes outright. Home prices are likely to continue rising in East Lansing due to strong job growth and low interest rates.