Lansing Homes under $500,000

Welcome to Lansing, Michigan – a vibrant city that beautifully blends rich history, diverse culture, and an inviting community spirit. As the state capital, Lansing boasts an array of attractions, from its historic landmarks to its thriving arts scene. Enjoy a leisurely stroll through the picturesque parks, or delve into the local culture at the Michigan Historical Museum. With a strong sense of community and a commitment to growth, Lansing is an ideal place for families, professionals, and retirees alike.

For those seeking a new home in this charming city, you’ll be delighted to discover a variety of homes available for under $500,000. Lansing offers an impressive selection of properties that cater to different lifestyles and preferences. Whether you're looking for a cozy bungalow, a spacious family home, or a modern townhouse, you’ll find something that fits your needs without breaking the bank.

The real estate market in Lansing is not only affordable but also diverse, featuring homes with unique architectural styles, well-maintained neighborhoods, and easy access to amenities. With excellent schools, a robust job market, and a plethora of recreational activities, Lansing is more than just a place to live – it’s a community where you can thrive.

As you embark on your home-buying journey, let Lansing welcome you with open arms. With its affordable housing options and a vibrant lifestyle, you’ll soon find yourself calling this delightful city your home. Explore the possibilities and discover the charm of Lansing today!

Newest Lansing Homes under $500,000

$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

Listing courtesy of Listing Agent: James W Convissor (Jim.Convissor@c21affiliated.com) from Listing Office: Century 21 Affiliated.

$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

Listing courtesy of Listing Agent: Gary Naeyaert (gary@teamnaeyaert.com) from Listing Office: EXIT Realty Home Partners.

$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

Listing courtesy of Listing Agent: Gary R. Newton (gary@minewtonrealtygroup.com) from Listing Office: RE/MAX Real Estate Professionals.

$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

Listing courtesy of Listing Agent: Gary R. Newton (gary@minewtonrealtygroup.com) from Listing Office: RE/MAX Real Estate Professionals.

$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 Floor 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 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

Listing courtesy of Listing Agent: Shron D Nathan (Snathansells@gmail.com) from Listing Office: Five Star Real Estate - 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

Listing courtesy of Listing Agent: Laura Farhat Bramson (laurafarhat@kw.com) from Listing Office: Keller Williams Realty 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

Listing courtesy of Listing Agent: Shron D Nathan (Snathansells@gmail.com) from Listing Office: Five Star Real Estate - Lansing.

$119,900

3 Beds ⋅ 1 Baths ⋅ 26052374 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

Listing courtesy of Listing Agent: Taylor Macias from Listing Office: Keller Williams GR East.

$124,900

3 Beds ⋅ 1 Baths ⋅ 299595 MLS

Opportunity awaits at 7021 Georgia Ave. This 3 bedroom,1 bath home offers plenty of potential for buyers looking to add their own style and finishing touches. Enjoy a spacious fenced yard and the convenience of a 2 car garage. This home is located near major highways, grocery stores and everyday conveniences. Schedule a tour today and don't miss a chance to make it your own.

7021 Georgia Avenue, Lansing

Listing courtesy of Listing Agent: Brianna M Raske (brianna@homeseekers.net) from Listing Office: White Pine Sotheby's International Realty.

$178,000

4 Beds ⋅ 2 Baths ⋅ 299593 MLS

Welcome to 6312 Lerner Way! Tucked away in a private neighborhood setting yet conveniently located just minutes from the highway, shopping, restaurants, and everyday amenities, this spacious 4-bedroom ranch offers comfortable living with room to spread out. All four bedrooms are conveniently located on the main level, including a primary bedroom with its own half bath. The finished basement boasts an enormous family room with brand-new carpet, offering plenty of space for movie nights, entertaining, or relaxing. Enjoy the added versatility of a three-season room overlooking the spacious, partially fenced yard. A storage shed provides convenient space for lawn equipment and outdoor supplies. Per county records (BS&A), the roof was torn off and re-roofed in 2015, and the furnace was installed in 2014. With a functional layout, generous living space, and a convenient location, this home is ready to welcome you!

6312 Lerner Way, Lansing

Listing courtesy of Listing Agent: Sarah M Ruge (sarah.ruge@cbpmichigan.com) from Listing Office: Coldwell Banker Professionals-Delta.

$109,900

3 Beds ⋅ 1 Baths ⋅ 20261077501 MLS

This 1,334 SQFT Colonial offers 3 bedrooms and 1 full bathroom, conveniently located just a 5-minute drive from Downtown Lansing! The main level features a spacious living room, dining room, and kitchen with a breakfast nook. Upstairs, you'll find three generously sized bedrooms and a full bathroom. The unfinished basement provides plenty of room for storage and additional possibilities. Outside, a 2-car detached garage completes the property. With some TLC and personal touches, this home offers a great opportunity to make it your own. Schedule a showing today! BTVAI

224 S Pennsylvania Avenue, Lansing

Listing courtesy of Listing Agent: Jeff Glover from Listing Office: KW Professionals.

$184,900

4 Beds ⋅ 1 Baths ⋅ 299591 MLS

Welcome home to 4240 Glenburne Blvd. This move-in ready 4-bedroom, 1-bath ranch offers 1,104 square feet of updated first floor living space. Freshly painted throughout, the home features refinished kitchen cabinets, a new bathtub, first-floor laundry, and stainless steel appliances that are included. The full partially finished basement provides additional living space and includes a fourth bedroom with an egress window. Recent exterior updates include new front siding and a new layer of shingles installed in 2026. A storage shed is also included. With updates throughout and immediate occupancy available, this home is ready for its next owner.

4240 Glenburne Boulevard, Lansing

Listing courtesy of Listing Agent: Jason VanSickle (homes@myrealtorjason.com) from Listing Office: RE/MAX Real Estate Professionals.

Start Your Search

©2026, Greater Lansing Association of Realtors. All rights reserved. Information is for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Real estate listings held by brokerage firms other than our company are marked with the BR logo and detailed information about them includes the name of the listing brokers. Data is deemed reliable but is not guaranteed accurate by the GLAR MLS. Information last updated on