The typical owner-occupied home in Lansing is worth about $270,800, 25% above the Kansas median of $217,200 and 19% below the national median of $332,700. Owners pay a median $3,603 a year in property taxes, about 1.33% of their home's value, close to the Kansas rate of 1.29%. The median household earns $102,786 a year, so the median home costs 2.6 times the median income (2.9 times for Kansas). 79% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Lansing at a glance
| Lansing | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $270,800 | $217,200 | $332,700 |
| Median property tax paid per year | $3,603 | $2,798 | $3,119 |
| Property tax as a share of value | 1.33% | 1.29% | 0.94% |
| Median household income | $102,786 | $74,275 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 66% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,986 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 19.4% | 21.0% |
| Median rent | $1,406 | $1,060 | $1,413 |
| Rent as a share of renters' income | 28.3% | 27.1% | 30.6% |
| Median year homes were built | 1986 | 1976 | 1980 |
| Vacant homes | 4.5% | 9.2% | 10.1% |
| Population | 11,246 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Lansing
At this week's average 30-year rate of 7.11%, buying the median Lansing home of $270,800 with 20% down costs about $1,870 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,321, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $80,157 for the 20%-down payment. That payment is 22% of the median Lansing household income of $102,786; at that income and 20% down, the 28% guideline points to a home of about $347,000.
The median rent here is $1,406 a month, so owning the median home costs about $464 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $54,160 |
|---|---|
| Loan amount | $216,640 |
| Principal and interest | $1,457 |
| Property taxes (1.33% a year) | $300 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| PMI | $0 |
| Total per month | $1,870 |
Change the numbers in the calculator
| Down payment | $9,478 |
|---|---|
| Loan amount | $265,895 |
| Principal and interest | $1,789 |
| Property taxes (1.33% a year) | $300 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| FHA mortgage insurance | $120 |
| Total per month | $2,321 |
Change the numbers in the calculator
Questions about home buying in Lansing
What is the median home value in Lansing?
About $270,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lansing?
Homeowners pay a median $3,603 a year, which is about 1.33% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lansing?
For the median home with 20% down at 7.11%, the payment is about $1,870 a month. Keeping that under 28% of gross income takes about $80,157 a year.
More about Lansing
- Mortgage Refinance in Lansing
- Debt Relief in Lansing
- Home Equity Loans in Lansing
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data