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Ingham County, MI

RANK #86 / 996  ·  POP 282,540  ·  MI

PROJECTED GROWTH: +3.0%

Ingham County ranks among the top U.S. counties across nearly every economic indicator.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Ingham County has a Boom Town Index score of 92/100, ranking #86 among 996 U.S. counties. With job growth at +1.2% and a median household income of $62,548, it's an above-average county on economic indicators.

Is Ingham County affordable?

The median home value in Ingham County is $173,600 with median rent at $1,027/month. The income-to-home-value ratio is 0.3603, which is more affordable than the national average.

Is Ingham County growing or shrinking?

Population growth: -1.1% year-over-year. Job growth: +1.2%. Home values changed +3.9% in the past 12 months.

Are people moving to Ingham County?

Yes — 7.25% of Ingham County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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