Lansing Homes under $500,000

Welcome to Lansing, Michigan – a vibrant city that beautifully blends rich history with modern living. As the state capital, Lansing boasts a unique charm, characterized by its bustling downtown, picturesque parks, and a strong sense of community. Residents enjoy a variety of cultural attractions, including art galleries, theaters, and museums, all while being surrounded by the natural beauty of the Red Cedar River and the lush landscapes of nearby parks.

For those looking to call Lansing home, the real estate market offers an array of options, particularly for homes priced under $500,000. Whether you’re a first-time buyer, a growing family, or someone looking to downsize, Lansing has something for everyone. You can find charming bungalows nestled in historic neighborhoods, contemporary townhomes with modern amenities, and spacious single-family homes perfect for entertaining.

The affordability of homes in this area allows residents to enjoy the benefits of homeownership without breaking the bank. With a median home price well below the national average, buyers can invest in a property that suits their lifestyle while enjoying the perks of city living.

Lansing’s strong economy, supported by education, healthcare, and government sectors, ensures that the city remains a thriving place to live and work. Coupled with its friendly neighborhoods, excellent schools, and a variety of recreational activities, Lansing is not just a place to live—it’s a place to thrive. Discover your dream home in this welcoming city today!

Newest Lansing Homes under $500,000

$185,000

3 Beds ⋅ 1 Baths ⋅ 299662 MLS

Welcome to 5111 Hughes Rd! This move-in-ready 3-bedroom ranch has been refreshed with exciting 2026 renovations throughout. Major updates include a NEW ROOF, updated bathroom and kitchen; NEW CABINETS, COUNTERTOPS, APPLIANCES and NEW LIGHTING that gives the home a fresh, modern feel. New carpet and LVP flooring throughout the entire home. The functional main-level layout offers comfortable everyday living, while the partially finished basement provides valuable additional space perfect for entertaining, a rec room, home gym, office, or other flex space. Enjoy the convenience of single-level living with the bonus of extra room downstairs. With many of the big-ticket improvements already completed, this Lansing home is ready for its next owner to move in, settle down, and make it their own!

5111 Hughes Road, Lansing

$239,000

3 Beds ⋅ 2 Baths ⋅ 299661 MLS

Welcome to 2224 Pembroke Road! This charming three-bedroom Lansing home offers a comfortable floor plan, beautiful hardwood floors, and plenty of indoor and outdoor space to make your own. The bright living room features a large bay window and flows into the dining area, where built-in shelving adds character and functionality. The galley-style kitchen offers abundant cabinetry, generous counter space, tile flooring, and a window overlooking the backyard. All three bedrooms feature hardwood flooring, while the full bath provides additional built-in storage. Downstairs, the basement adds plenty of flexible space for a home gym, recreation or hobby area, laundry, and storage. Outside, one of the home's standout features is the spacious backyard, with plenty of room for entertaining, gardening, pets, or outdoor activities. The fenced portion of the yard, established garden areas, storage shed, and detached garage add even more versatility. With its classic brick exterior, mature landscaping, inviting living spaces, and expansive yard, this well-maintained home is ready for its next owner.

2224 Pembroke Road, Lansing

$85,000

3 Beds ⋅ 1 Baths ⋅ 299655 MLS

Investment property - Give someone a place to call home and collect Rent on this 3 bedroom 1 bath home. A rental license exists and the city passed the inspection. If you have a waiting list for A tenant this is it. Enjoy a first floor bedroom with 2 bedrooms up and a first floor laundry area. Conveniently located on a bus route and near shopping.

5017 Christiansen Road, Lansing

$99,900

2 Beds ⋅ 1 Baths ⋅ 299641 MLS

Welcome to 1116 Loraine in Lansing's charming Colonial Village neighborhood! This adorable 2-bedroom, 1-bath home is full of potential and offers a fantastic opportunity to make it your own. Step inside to a comfortable living room highlighted by a huge picture window that fills the space with natural light. The kitchen features a gas stove, while the full basement provides plenty of additional storage and possibilities. Outside, you'll find a nice-sized backyard along with a one-car detached garage. The home does need some repairs and updating, making it a great option for buyers looking to add their own personal touches and build equity along the way. Located in a well-established neighborhood close to tons of shopping, dining, parks, and everyday conveniences. With a great location and plenty of potential, 1116 Loraine is ready for its next chapter!

1116 Loraine Avenue, Lansing

$119,900

3 Beds ⋅ 1 Baths ⋅ 299627 MLS

Welcome home to 318 E Rouse! From the white picket fence and bright red door to the cozy fireplace waiting inside, this charming Cape Cod has personality from the moment you pull up. The main floor features a light-filled living room, spacious kitchen with granite countertops and stainless steel appliances, two bedrooms, a full bath, and convenient main-floor laundry. Upstairs, an entire level offers a spacious primary bedroom with plenty of additional room for a reading nook, office, dressing area, or whatever fits your lifestyle. But the backyard might just steal the show. Sitting on a deep .26-acre lot, the fully fenced yard offers tons of room to garden, entertain, or simply enjoy having space of your own. A large deck, covered patio area, shed, and detached garage with additional workshop and storage space add even more to love. Cozy where you want it, spacious where it counts, and packed with charm, 318 E Rouse is ready to welcome you home!

318 E Rouse Street, Lansing

$195,000

3 Beds ⋅ 2 Baths ⋅ 299623 MLS

Tri-level home loaded with character and upgrades. It could benefit from some cosmetic attention but super good bones. Great eat-in kitchen with corner windows and views. Great cupboard space and storage. The living room has more corner windows and a vaulted ceiling. Interesting electrical system in the home. Turn on bedroom lights or the bathroom or hall light from the same outlet. Try it. Super convenient. Hardwood floors under the carpet in the living room and bedrooms. There are planter boxes going up the stairs. The house has newer windows, roof, A/C, and furnace. A B-Dry system is in place and two sump pumps are installed. The lower level family room has large daylight windows. The house is situated on a cul-de-sac with very low traffic. Besides an occasional neighbor, you will also see deer and wild turkey all day long. Enjoy this house, this special setting and the convenience of the location.

4902 Tressa Drive, Lansing

$125,000

3 Beds ⋅ 1 Baths ⋅ 299624 MLS

Own a piece of mid-century American housing history! Beyond its fascinating history, 2104 Mary Avenue offers an affordable opportunity for a first-time buyer, downsizer, or investor. The efficient single-story floor plan features 3 bedrooms, 1 full bath, and 855 square feet, including a comfortable living room, eat-in kitchen, and convenient main-floor laundry. Built in 1952, this Lansing ranch is a National Homes prefabricated home, produced during the post-WWII housing boom by one of America's pioneering factory-built housing manufacturers. The home's original National Homes identification and care plate remains in place—a fascinating reminder of its history. This home features the company's distinctive "stressed-skin" panel construction, an engineering technique its original identification plate notes was also employed by aircraft manufacturers. History aside, this home offers plenty of practical appeal today. One of the property's biggest surprises is outside: an exceptionally deep 70' × 308' lot totaling nearly half an acre, providing an expansive backyard with plenty of room to enjoy the outdoors. There's also a detached two-car garage with overhead storage. Natural-gas forced-air heat, public water and sewer, plus refrigerator, gas range/oven, washer and dryer add to the package. Convenient Lansing location with easy access to shopping, restaurants, schools and major routes. Affordable, practical and genuinely interesting, 2104 Mary Avenue offers something you won't find in every home—a tangible connection to America's postwar housing history. Book your private showing today!

2104 Mary Avenue, Lansing

$209,900

2 Baths ⋅ 299622 MLS

Very nice 2 unit duplex. Income investment opportunity. Each unit offers 2 bedrooms, 1.5 bathrooms, and a full basement. Unit 3941 monthly rent (on average) is $1050 - $1100. Unit 3943 monthly rent (on average) is $1150. Pets allowed. Tenants are responsible for all utilities, including gas, electric, water, sewer, and trash. TENANT OCCUPIED. 48 HR NOTICE REQUIRED. Profit and Loss Statement available upon request, as well as expense breakdown. 2 written lease agreements on file. The property is currently managed by Sustain Management Company.

3941 Glenburne Boulevard, Lansing

$209,900

2 Baths ⋅ 299621 MLS

Very nice 2 unit duplex. Income investment opportunity. Unit 1 offers 2 bedrooms, 1.5 bathrooms, and a full basement. Unit 2 offers 3 bedrooms and 1.5 bathrooms. Unit 4400 monthly rent is $999. Unit 4402 monthly rent is $975. Tenants are responsible for all utilities, including gas, electric, water, sewer, and trash. TENANT OCCUPIED. 48 HR NOTICE REQUIRED. Profit and Loss Statement available upon request, as well as expense breakdown. 2 written lease agreements on file.

4400 Chadburne Drive, Lansing

$239,900

3 Beds ⋅ 2 Baths ⋅ 299620 MLS

Welcome to 4608 Alpha Street, a beautifully updated Cape Cod in South Lansing. As you enter, the living room welcomes you with beautiful hardwood floors and flows into the updated Kitchen with new Cabinets, Quartz Countertops, Tile floors and Stainless Steel Appliances. The main level offers 2 bedrooms and a full bath, while upstairs you'll find an additional bedroom and full bath. The home also features a new Roof, full Basement, Central air, and a 2 car Garage. Outside, enjoy a large fenced in backyard, with Hawk Island Park and major highways just minutes away. This property is move-in ready schedule your showing today!

4608 Alpha Street, Lansing

$180,000

3 Beds ⋅ 1 Baths ⋅ 299604 MLS

Here is a nice 3 bed 1 bath home that is move in ready! 2 bedrooms and a full bath on the main level and a very large bedroom upstairs, with some built in closet space and extra storage. The 2 car garage has plenty of room for the lawn tools and other yard items and the fenced in yard is great for pets or relaxing in privacy. Located near schools, shopping, highways and many other conveniences. Whether you are downsizing or just beginning your journey, this home offers you a nice comfortable spot to settle right in and begin again. This home also carries an active rental license with the city of Lansing.

1919 Harding Avenue, Lansing

$124,900

2 Beds ⋅ 1 Baths ⋅ 299602 MLS

Welcome to 336 W Gier in Lansing. This home features 2 bedrooms 1 bath and an updated Kitchen with stainless steel appliances. Sits on a quarter acre , and has a one car garage with a full basement. Additional updates include a newer Roof, Central air, Vinyl floors and front Porch. The property is conveniently located near Eastwood Town Center, as well as nearby highways and shopping.

336 W Gier Street, Lansing

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