Housing market/Michigan/ZIP 48823
ZIP 48823 East Lansing, Michigan
Lansing-East Lansing, MI MSA · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 48823 · MI — sent to you.
ZIP 48823 · MI
ACS rent vs 2BR SAFMR
ZIP 48823 — East Lansing, MI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 48823
- 1-unit detached8,84737.2%
- 1-unit attached1,6607.0%
- 2–4 units1,4416.1%
- 5–49 units8,71836.7%
- 50+ units2,57010.8%
- Mobile5212.2%
2–4 unit share 6.1% · 5–49 unit share 36.7% · combined 2–49 42.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,127 (all bedrooms, occupied rentals).
- Median contract rent $1,011.
- Renters paying ≥30% of income 61.0%; ≥50% 42.7%.
- FY2027 2BR SAFMR $1,540 (1.366× ACS median gross rent).
Population
49,379 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -3.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 548 units.
- HUD project-based assisted MF: 3 properties, 352 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 245 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 48823 56.1% of occupied households are renters; vacancy is 11.1%; ACS median gross rent is $1,127; population changed -3.6% between the 2018 and 2023 ACS vintages; the housing stock includes 1,441 units in 2–4-unit structures and 8,718 units in 5–49-unit structures; 7 LIHTC projects totaling 548 units; FY2027 2BR SAFMR is $1,540 versus ACS median gross rent of $1,127. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Michigan research
ZIP 48823 is a Census / HUD profile for Lansing-East Lansing, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 48823 — East Lansing, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 48823?
ZIP 48823 (Lansing-East Lansing, MI MSA) has 49,379 residents, 21,117 households, a renter share of 56.1%, median household income of $50,837, and ACS 2023 median gross rent of $1,127. Vacancy is 11.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 48823?
ACS counts 516 units in 2-unit buildings, 925 in 3–4 unit buildings, 2,095 in 5–9, 3,992 in 10–19, and 2,631 in 20–49. Combined 2–49 unit stock is 10,159 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 48823?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,540. See the full schedule and 90–110% payment-standard band on the ZIP 48823 — East Lansing, MI HUD Section 8 Payment Standards / SAFMR.
Does this Michigan ZIP profile include Georgia listings?
No. ZIP 48823 is Census / HUD research for Lansing-East Lansing, MI MSA. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.