48864 — Okemos, MI Home Values
Typical home value $405,213 as of June 2026 · 1st of 49 in Lansing-East Lansing, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48864, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48864 compares in the Lansing-East Lansing, MI area
ZIP code 48864 (Okemos, MI) has a typical home value of $405,213 as of June 2026, ranking 1st of 49 ZIP codes tracked in the Lansing-East Lansing, MI area, the most expensive ZIP code in the metro. Prices here have moved +0.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +24.5%, from $325,490 in June 2021 to $405,213 in June 2026. Against observed rent, the typical home here sells for 16.8× the annual rent ($2,008/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lansing-East Lansing, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lansing.
Population and demographics
ZIP code 48864 has a population of 23,548, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 59.1% White, 22.3% Asian, 7.9% two or more races, 5.5% Black or African American, 3.7% Hispanic or Latino, 1% American Indian or Alaska Native, and 0.6% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Cornell Elementary School | 4371 CORNELL RD, OKEMOS, MI | 0.3 mi |
| Kinawa School | 1900 KINAWA DR, OKEMOS, MI | 1.4 mi |
| Chippewa Middle School | 4000 OKEMOS RD, OKEMOS, MI | 1.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48864?
$405,213 as of June 2026, the latest month Zillow has published observed data for.
Is 48864 an expensive ZIP code in the Lansing-East Lansing, MI area?
48864 ranks 1st of 49 ZIP codes in the Lansing-East Lansing, MI area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 48864 changed over the past year?
+0.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48864?
The typical home price is 16.8× the observed annual rent in this ZIP code ($2,008/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48864?
23,548, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48864?
Cornell Elementary School (0.3 mi), Kinawa School (1.4 mi), Chippewa Middle School (1.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48864?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lansing-East Lansing, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.