Median price for residential apartments in Lansing, IL as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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332 Lansing, IL, USA apartments for sale
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Lansing
According to statistics, the population in Lansing, IL amounts to 28,308, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $48,348, shifting decline -4% from the past year, and the average property value in Lansing, IL growth 1% to $125,500 throughout the year.
| Population | 28,308 |
| Median Age | 41.4 |
| Poverty Rate | 15% |
| Household Income | $48,348 |
| Number Of Employees | 12,832 |
| Median Property Value | $125,500 |
Household Income
The average household income in Lansing, IL declined from $50,107 to $48,348 in the past year. This data is an estimate based upon 11,243 households in Lansing, IL . The chart below presents how household income is distributed in Lansing, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Lansing, IL shifted from $124,100 to $125,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lansing, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lansing, IL properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lansing, IL compared to median property taxes around the country. The prevalent amount of property taxes in Lansing, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Lansing, IL, USA
Average apartment sale in Lansing: $207,206 (+0%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $299,900 | +0% |
| 2-bed apartments | $125,746 | -0.5% |
| 3-bed apartments | $212,885 | +1.9% |
| 4+ bed apartments | $228,998 | -4.5% |
During Jan 2023, the average price for an apartment in/near Lansing, IL increased by 0% to $207,206.
The average price of the land for sale in Lansing, IL has not changed significantly since last month, being $299,900. After collecting all data points, we now see that the average price for 1-bed apartment stands at $147,200 with no changes this month. Asking price for 2-bed apartment also decreased by 0.5% and a place of this size will now cost you $125,746. A 3-bed apartment goes for $212,885, it increased by 1.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.5% and made it down to $228,998.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $210,470 | -0.2% |
| Condos for sale | $114,733 | +53.4% |
Price reports demonstrate that house price decreased by 0.2% this month making it up to $210,470. Condos are really in demand in this season. The median price for a condo increased by 53.4%, it’s now available for $114,733.
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