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Reo Town Home for Sale

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    $47,800

    • 1 Bath
    • 1,478 Sq Ft

    1022 S Grand Ave, Lansing, MI 48910

    Investor Special: Walking distance to REO Town, this is a Great location for a BNB, Rental or Flip property! This home is ready for your creative side to take over! Property is down to the studs and ready for the work to begin. The roof, siding and new windows/doors have already been done for you. Build your equity just the way you want.

    Jennifer Taylor Brokers Realty

    1022 S Grand Ave, Lansing, MI 48910

Frequently Asked Questions

Is Reo Town a good place to live?
Reo Town is a good place to live. Reo Town is considered somewhat walkable and very bikeable with good transit options. Reo Town is a suburban neighborhood. Reo Town has 8 parks for recreational activities. It is fairly sparse in population with 4.9 people per acre and a median age of 35. The average household income is $57,768 which is below the national average. College graduates make up 39.2% of residents. A majority of residents in Reo Town are renters, with 85.8% of residents renting and 14.2% of residents owning their home. A local real estate agent serving Reo Town can help you decide if this neighborhood is the right one for you. Learn more on our Reo Town neighborhood guide.
Is Reo Town, MI a safe neighborhood?
Reo Town, MI is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Reo Town?
The median home price in Reo Town is $130,000. If you put a 20% down payment of $26,000 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $640 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $27K a year to afford the median home price in Reo Town. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Reo Town is $58K.
What are the best public schools in Reo Town?
The best public schools that serve Reo Town are:
What are the best private schools in Reo Town?
The best private schools that serve Reo Town are:
What are the most popular zip codes in Reo Town, Lansing, MI?
The most popular zip codes in Reo Town, Lansing, MI include 48910, 48912, 48933, 48915 and 48906.
What are the most popular neighborhoods near Reo Town, Lansing, MI?
The most popular neighborhoods near Reo Town, Lansing, MI are Fabulous Acres, The Stadium District, Moores Park, Clifford Park and Holmes Street Area.
Are home prices dropping in Reo Town?
Yes, home prices in Reo Town are down 13% in the last 12 months.

Home Trends in Reo Town, MI

Housing Trends

Median Sale Price
$131,000
Median Single Family Sale Price
$97,000
Median 1 Bedroom Sale Price
$132,000
Average Price Per Sq Ft
$89
Number of Homes for Sale
1
Last 12 months Home Sales
6
Months of Supply
2.00
Median List Price
$130,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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