Lansing’s housing market is experiencing notable changes, with rising home values and several new developments poised to reshape the city’s residential landscape.
Current Market Trends
As of April 2026, the average home value in Lansing stands at $166,132, marking a 3.3% increase over the past year. Homes typically go pending in around 15 days, indicating a brisk market. The median sale price is $150,333, with 28.1% of sales closing above the list price, reflecting strong demand.
Upcoming Housing Developments
Several significant projects are underway to address the growing demand for housing in Lansing:
Capitol Walk Apartments
Located on Chestnut Street in downtown Lansing, the proposed Capitol Walk Apartments will offer 124 workforce housing units. The Lansing Brownfield Redevelopment Authority has approved the plan, and construction is expected to begin in fall 2026, with completion anticipated in approximately two years.
The Valencia Project
Habitat for Humanity Capital Region is set to break ground on the Valencia Project in summer 2026. This development will feature ten homes on Lansing’s south side, designed to integrate seamlessly with the existing neighborhood and provide affordable homeownership opportunities.
New Vision Lansing
New Vision Lansing encompasses five mixed-use redevelopment projects, including Tower on Grand, Washington Square, Capitol Tower, Old Town, and the historic Ingham Building. Collectively, these initiatives will introduce hundreds of new residential units, commercial spaces, and adaptive reuse of iconic downtown properties, with completion projected for 2027.
Turner North
In Old Town Lansing, the Turner North development aims to add 76 workforce housing units, enhancing the neighborhood’s vibrancy and supporting local businesses. The project is expected to be completed by 2029.
Conclusion
With rising home values and a series of ambitious housing projects on the horizon, Lansing’s residential landscape is poised for significant transformation. These developments aim to meet the city’s growing housing needs while fostering community growth and economic vitality.