Lansing, MI — income, home value, property tax, and sales tax.
In ZIP code 48821, near Lansing, homes carry a median value of $244,000, and the county-level effective property tax rate of 1.41% works out to roughly $3,440 a year in taxes on such a home. With median household income at $107,440 and per-capita income of $47,345, that tax bill takes a smaller share of earnings than in many parts of Michigan. The 6.00% combined sales tax applies to purchases across the area. Together, these figures show a housing market where local incomes comfortably support both mortgage costs and property taxes.
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