What is the Best Neighborhoods USA ranking for REO Town?
REO Town is ranked #20 of 36 eligible neighborhoods in Lansing; #182 of 334 eligible neighborhoods in MI; and #8,135 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
REO Town
Lansing, MI | Ingham County
Scored premium profile
Best Neighborhoods USA Index
48.6
Stability and Strength
41.2
Value Opportunity
61.3
Momentum
42.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Lansing, MI |
| County | Ingham County |
| National rank | #8,135 of 14,967 |
| State rank | #182 of 334 |
| City rank | #20 of 36 |
| County rank | #29 of 47 |
| National percentile | 45.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $106,473 |
| Year-over-year home value change | 1.4% |
| Month-over-month home value change | -0.80% |
| Home value to income ratio | 1.85 |
| Median household income | $57,612 |
| Bachelor's degree or higher | 41.5% |
| Civilian unemployment rate | 4.7% |
| Homeownership rate | 43.3% |
| Housing vacancy rate | 22.7% |
| Rent burden 30% or higher | 31.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in REO Town
Is REO Town one of the best neighborhoods in Lansing?
REO Town has a Best Neighborhoods USA Index of 48.6 and a city ranking of #20 of 36 eligible neighborhoods in Lansing.
How much are homes worth in REO Town?
The current Zillow Home Value Index for REO Town is approximately $106,473.
Are home values rising or falling in REO Town?
Zillow neighborhood values changed 1.4% year over year and -0.80% month over month.
What is the Neighborhood Momentum Score for REO Town?
REO Town has a Neighborhood Momentum Score of 42.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in REO Town?
The NDS-derived neighborhood median household income is approximately $57,612.
How affordable is REO Town relative to household income?
The current Zillow home-value-to-household-income ratio is 1.85. Price-to-income affordability is a major Value Opportunity input.
Is REO Town primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 43.3%.
What is the unemployment rate in REO Town?
The NDS-derived civilian unemployment rate is approximately 4.7%.
How educated are residents of REO Town?
Approximately 41.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in REO Town face high rent burden?
Approximately 31.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score REO Town?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications54
Estimated originations35
Home-purchase applications32
Origination rate64.4%
Home-purchase share59.1%
Average application loan$95,284
Total application loan amount$5,120,755
National application rankNot rankable
Geometry coverage90.1%
Recent trend: Applications 3.2% YoY; originations 17.7% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.