ZIP 48823
East Lansing, MI
Data based on listings and public records observed by Rufus. May not represent the entire market.
ZIP 48823 covers 27 tracked apartment buildings totaling 3,912 units in East Lansing, MI, with an average asking rent of $1,390 — close to the national median for this ZIP code. Asking rents span $509 to $4,600 across the available inventory. Occupancy of 94.4% is in line with a healthy stabilized market.
The for-sale market in this ZIP code shows a median asking price of $349,900 ($182 per square foot). For-sale listings sit on the market for an average of 79 days. As of the most recent snapshot Rufus is tracking 105 active listings. HMDA mortgage data for the county covering East Lansing shows an average loan amount of $202,709 at an average interest rate of 6.92%. 2,864 loans were originated in the most recent reporting year, an elevated denial rate that is worth benchmarking before underwriting new deals.
Rufus refreshes this ZIP code snapshot from live scraping of listing sources and public deed and mortgage records; figures are observed rather than reported by owners and may differ from marketing brochures.
Building Vintage
Largest Buildings
| Property | Units | Built | Avg Rent |
|---|---|---|---|
| Coolidge Place Townhomes | N/A | 1973 | $1,996 |
| Hannah Townhomes & Lofts | N/A | 2014 | $1,304 |
| Block 36 | N/A | 2002 | $542 |
| Castle Pointe | 468 | 1974 | $1,194 |
| Hub East Lansing | 347 | 2019 | $1,328 |
| Foundation | The Tower | 301 | 1966 | $951 |
| Hidden Tree Apartments and Townhomes | 261 | 1964 | $1,266 |
| 25 East | 222 | 1999 | $620 |
| The Club at Chandler Crossings | 210 | 2005 | $509 |
| The Abbot | 196 | 2019 | $3,302 |