48825, East Lansing, MI

East Lansing, Michigan is a city located in the state of Michigan. According to the 2010 census, East Lansing has a population of around 97,000 people. The city is home to Michigan State University and is known for its high quality of life and excellent education opportunities.

East Lansing home equity and home prices are very high compared to other cities in Michigan. The median home value in East Lansing was $157,500 as of September 2016. This makes East Lansing one of the most expensive cities in Michigan to buy a home. However, because East Lansing has such a high home value, it also has one of the highest home equity values in the state. As of September 2016, the averagehome equity value in East Lansing was $137,000. This means that homeowners in EastLansing have an overall net worth (home equity + property values)of around $236,000 as of September 2016.

One reason why East Lansing's homes are so valuable is that there are relatively few homes available for sale compared to other cities in Michigan. In fact, as of September 2016 there were only 1,827 homes available for sale in EastLansing compared to 4,521 homes available for sale statewide. This means that homeownership rates in EastLansing are among the highestin the state. As of September 2016 there were 74%of households living in owner-occupied housing unitsinEastLansingcomparedtothestatewideaverageof63%.

Overall theneveryone who livesinEastLansinghasa strong financial foundation due to bothhighhomeequityvaluesandhighhouseholdownershiprateswithinthecity