What is the rental yield in Old Town, Lansing?

The gross yield in Old Town, Lansing, Michigan is 9.8%. Pricing is about 5% above Lansing and about 15% below Michigan. Over the past year, prices are up 20.8%, while the Red Flag score is 54.

How walkable is Old Town in Lansing, Michigan?

Old Town in Lansing, Michigan has a walkability of 76. It also has education in the 2nd percentile and a gross yield of 9.8%. Pricing is about 5% above Lansing and about 15% below Michigan, with a Red Flag score of 54.

How does Old Town compare with Lansing and Michigan?

Old Town in Lansing, Michigan is priced about 5% above Lansing and about 15% below Michigan. It has a gross yield of 9.8% and prices up 20.8% over the past year. The walkability is 76, and the Red Flag score is 54.

What does the school score look like in Old Town, Lansing?

Old Town in Lansing, Michigan has education in the 2nd percentile. That sits alongside a walkability of 76, a gross yield of 9.8%, and pricing that is about 5% above Lansing and about 15% below Michigan. The Red Flag score is 54.

Neighborhood

Old Town

Lansing, Michigan US

Old Town in Lansing, Michigan has a mixed investment profile: pricing is about 5% above Lansing and about 15% below Michigan, with a gross yield of 9.8% and prices up 20.8% over the past year. The neighborhood combines a walkability of 76 with education in the 2nd percentile, while the Red Flag score of 54 adds a moderate risk layer.

AI Summary•Updated May 2026

Area

1.93 mi²

ZIP Code

48906

County

Ingham County

State

Michigan

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$156,404

YoY+20.8%

Gross Rental Yield

9.8%

Listed rent · ZORI annualized

Red Flag Index

Moderate

54 / 100

Walkability Score

Very Walkable

OpenStreetMap POI density · national percentile

Education Score

2 / 100

Limited · better than 2% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Old Town Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Old Town, Lansing.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$156,404	+20.8%
Price / Sq Ft (Verified)	$130/sqft	-0.3%
Asking Rent (Median)	$1,279/mo	+13.6%
Gross Rental Yield	9.8%	—
Liquidity Score	32 / 100	Low
Homes Sold (Period)	97	-13.4%

Is Old Town Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Michigan crime context.

Red Flag Breakdown

54 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Strong Wind100Very High

Tornado80Very High

Hail80Very High

Flood60High

Wildfire40Moderate

Hurricane40Moderate

Earthquake40Moderate

Heat20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Michigan averaged 18.1 crimes and 4.3 violent per 1,000 residents (-9.7% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 9.8%

Appreciating market — +20.8% sale-price YoY

Highly walkable neighborhood — score 76/100

Active transaction volume — 97 homes sold last period

Strong Wind risk is Very High (100/100)

Tornado risk is Very High (80/100)

Insights are generated from Old Town's live DistrictScore metrics.

Old Town Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Michigan-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.6 µg/m³ Meets EPA, above WHO guideline-18.8% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Old Town centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 70% of U.S. neighborhoods.

Michigan Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.1	4.3	-9.7%
2023	20.2	4.6	+0.9%
2022	20.1	4.6	+8.3%
2021	18.6	4.9	+1.8%
2020	18.4	4.8	-9.3%
2019	20.2	4.4	—

Reported at the state level — the finest official US crime aggregation; Old Town inherits the Michigan figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Old Town

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)0.0 kmVery High

Industrial odor11 nearbyVery High

Point-source screening near Old Town: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Old Town

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

76

Very Walkable

Walkability Score

14

Grocery

37

Dining

5

Schools

2

Universities

1

Hospitals

2

Pharmacies

27

Parks

1

Rail Transit

1

Coworking

POI counts are amenities within Old Town's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Old Town vs Lansing vs Michigan

How Old Town benchmarks against its city and state medians.

Benchmark vs City & State

In Old Town, the median sale price sits about 5% above the median for Lansing neighborhoods and about 20% below the statewide median. Gross rental yield is 9.8%, against 9.7% for Lansing neighborhoods and 6.5% statewide. Over the past 12 months, prices rose 20.8%. Transaction liquidity sits in line with the median for Lansing neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Old Town	$130/sqft	9.8%	32
Lansing	$123/sqft	9.7%	31
Michigan	$162/sqft	6.5%	24

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Buying Property in the US as a Foreigner

Federal & Michigan tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.13% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.25%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $3.75 per $500.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Michigan property-tax guidance for foreign buyers

Latest Lansing Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Old Town Real Estate FAQ

Old Town in Lansing, Michigan shows a mixed profile. Pricing is about 5% above Lansing and about 15% below Michigan, gross yield is 9.8%, and prices are up 20.8% over the past year. The walkability is 76, and the Red Flag score is 54.

Neighborhoods near Old Town

Compare Old Town with nearby neighborhoods in Lansing.

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