48906 — Lansing, MI Home Values
Typical home value $172,202 as of June 2026 · 44th of 49 in Lansing-East Lansing, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48906, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48906 compares in the Lansing-East Lansing, MI area
ZIP code 48906 (Lansing, MI) has a typical home value of $172,202 as of June 2026, ranking 44th of 49 ZIP codes tracked in the Lansing-East Lansing, MI area, more expensive than about 12% of ZIP codes in the metro. Prices here have moved +4.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +24.2%, from $138,675 in June 2021 to $172,202 in June 2026. Against observed rent, the typical home here sells for 11.8× the annual rent ($1,212/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lansing-East Lansing, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lansing.
Population and demographics
ZIP code 48906 has a population of 25,960, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 64.5% White, 12.9% Black or African American, 12.4% Hispanic or Latino, 8.1% two or more races, 1.6% Asian, 0.3% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Cumberland School | 2801 CUMBERLAND RD, LANSING, MI | 2.1 mi |
| DeWitt High School | 13601 PANTHER DR, DEWITT, MI | 2.2 mi |
| Schavey Road Elementary School | 1721 SCHAVEY RD, DEWITT, MI | 2.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48906?
$172,202 as of June 2026, the latest month Zillow has published observed data for.
Is 48906 an expensive ZIP code in the Lansing-East Lansing, MI area?
48906 ranks 44th of 49 ZIP codes in the Lansing-East Lansing, MI area by typical home value, more expensive than about 12% of ZIP codes in the metro.
How much have home values in 48906 changed over the past year?
+4.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48906?
The typical home price is 11.8× the observed annual rent in this ZIP code ($1,212/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48906?
25,960, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48906?
Cumberland School (2.1 mi), DeWitt High School (2.2 mi), Schavey Road Elementary School (2.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48906?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lansing-East Lansing, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.