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Ingham County, MI

Lansing

RANK #230 / 996 NAT  ·  #25 / 36 MI  ·  POP 282,540

1YR FORECAST: +2.5%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Ingham County at +2.5% over the next year.

[01] Why Ingham County?

Home to Michigan State University, Ingham County offers a blend of academic energy and community living in Mid-Michigan. The county seat is Mason, though Lansing, the state capital, is largely within Ingham County, a unique arrangement as Lansing is not its own county seat. Commuting within the county is facilitated by the Capital Area Transportation Authority (CATA), which provides fixed routes, curb-to-curb services, and specialized transportation options. Residents can enjoy outdoor activities like hiking, biking, fishing, and winter sports at various parks, including Burchfield Park and Lake Lansing North.

Life in Ingham County appeals to a mix of families, young professionals, and those connected to Michigan State University. The public school districts, such as Okemos, East Lansing, and Williamston, are recognized for their quality. The economy is diverse, with significant employment in educational services and healthcare. Recent economic developments include investments in advanced manufacturing and medical technology, alongside initiatives to address affordable housing.

[02] Market Snapshot

Housing Ratio
2.6x

Undervalued relative to economy

GDP Growth
+0.6%

Well below national median

Home Prices
+3.9%

Outpacing national median

Climate & Terrain
-3.4

Harsh climate or flat terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Michigan State University Education
    25,000+
  2. 2
    State of Michigan Government
    10,000+
  3. 3
    Sparrow Health System Healthcare
    5,000+
  4. 4
    General Motors Manufacturing
    2,500+
  5. 5
    McLaren Greater Lansing Healthcare
  6. 6
    Jackson National Life Insurance Co. Finance
  7. 7
    Auto-Owners Insurance Group Finance
  8. 8
    Peckham Inc. Other
  9. 9
    Dart Container Corp. Manufacturing
    1,000+
  10. 10
    Lansing Community College Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Ingham County U.S. National

The Numbers

DEMOGRAPHICS
Population
282,540
-1.09% YoY
Median Household Income
$62,548
Median Home Value
$173,600
+3.94% 12mo
Median Rent
$1,027
Average Annual Pay
$68,532
+3.5% YoY
Employment
155,500
+1.2% YoY
Income-to-Home-Value
0.3603
More affordable than average
Migration Inflow
7.25%
of pop. from another state
Bachelor's Degree+
40.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$175,000
Days on Market
46
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
21.5%
Listings w/ Price Drops
21.1%
Building Permits (2024)
377
Single-Family Permits
191

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.7
per 100K · nat avg 6.3
Firearm Fatalities
13.2
per 100K · nat avg 14.8
Injury Deaths
94.7
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.0
Good
Good Air Days
62%
669 of 1,086 days
Unhealthy+ Days (3yr)
11
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
46
2022
43
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$400M
TOTAL
PROJECT AMOUNT STATUS
Ingham County Solar Project
Undisclosed Developer (filed with MPSC)
$150M Proposed
Acceleration Solar Project
Ranger Power
$100M Proposed
T B Simon Power Plant (Natural Gas)
Michigan State University
$50M Operating
Kalamink Wind Project
Apex Clean Energy
$50M Proposed
Holmes & Pleasant Grove Housing Development
Ingham County Land Bank
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +0.6% 12 percentile
Population Growth -1.1% 3 percentile
Income Growth +7.4% 25 percentile
Vacancy Rate 1.4% 26 percentile
Home Price Change +3.9% 82 percentile
Rent Growth +5.6% 84 percentile
Price/Rent 11x 82 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Ingham County, MI a good place to move to?

With a Boom Town Index score of 77/100, Ingham County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.2%, and median household income stands at $62,548 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MI.

Is Ingham County affordable?

By national standards, Ingham County is quite affordable. Homes here have a median value of $173,600, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $1,027/month. Residents can generally buy a home without being cost-burdened.

Is Ingham County growing or shrinking?

It's a mixed picture in Ingham County. The population is declining (-1.1% YoY), but employers are actually hiring — job growth is at +1.2%. Home values moved +3.9% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are people moving to Ingham County?

In significant numbers — 7.25% of Ingham County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Kalamazoo County, MI 77 Barry County, MI 78 Monroe County, MI 79 Clinton County, MI 80 Marquette County, MI 81 Kent County, MI 83 Tippecanoe County, IN 77 Portage County, OH 77