Median Home PriceBETTER
$216,047.91
Median RentBETTER
$1,303.21/mo
Price-to-Rent RatioBETTER
13.8
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+4.7%
Price Change (5Y)BETTER
+23.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$35,166
Median Home Price
$261,060.56
Median Rent
$1,388.24/mo
Price-to-Rent Ratio
15.7
Property Tax RateTIE
1.54%
Price Change (1Y)
+3.8%
Price Change (5Y)
+18.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$94,977
Key Differences
Home Prices
Lansing's median home price of $216,047.91 is lower than Sterling Heights's $261,060.56 by 17%.
Monthly Rent
Renting in Lansing costs $1,303.21/mo compared to $1,388.24/mo in Sterling Heights—a difference of $85.03/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.