In Okemos, a typical home is worth $359,200 and typical rent is $1,298 a month. Compared with all of Ingham County, the typical home value is 81% higher and typical household income is 57% higher.
Typical home value from Zillow, September 2021 to September 2026: from $293,606 to $367,384.
Typical rent
$1,438a month
Typical rent from Zillow, December 2025 to September 2026: from $1,344 to $1,438.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Okemos is in Ingham County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Ingham County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Okemos is worth $359,200,81% more than in Ingham County as a whole ($198,800).
2
Nearby, in Lansing, the typical home value is $128,700: 64% less than in Okemos ($359,200).
3
The typical household income in Okemos is $102,612,57% more than in Ingham County as a whole ($65,526).
4
Nearby, in Lansing, the typical rent is $993: 23% less than in Okemos ($1,298).
5
The typical rent in Okemos is $1,298 a month, 20% more than in Ingham County as a whole ($1,084).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Okemos
What homes there are in Okemos, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Okemos
Ingham County
Michigan
United States
Kind of home: Okemos and its comparisons
Measure
Okemos
Ingham County
Michigan
United States
Detached house
56%
61%
72%
61%
Attached house
3%
5%
5%
6%
Building of 2 to 4
Unreliable estimate
6%
5%
8%
Apartments (5 or more)
38%
26%
13%
19%
Mobile home
Unreliable estimate
3%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Okemos (56%), but less so than in Ingham County (61%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Okemos
Ingham County
Michigan
United States
Year built: Okemos and its comparisons
Measure
Okemos
Ingham County
Michigan
United States
Before 1960
13%
36%
36%
26%
1960–1979
32%
29%
26%
24%
1980–1999
30%
20%
22%
25%
2000–2009
10%
9%
10%
14%
2010 or later
15%
6%
6%
11%
Homes in Okemos are newer: the typical year built is 1983; in Ingham County, 1971.
Homes in Okemos are bigger: 62% have 3 bedrooms or more; in Ingham County, 55%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K7%
$200K–$300K22%
$300K–$500K45%
$500K–$750K18%
$750K–$1M3%
$1M or moreUnreliable
Value of owner-occupied homes: Okemos and its comparisons
Measure
Okemos
Under $100K
Unreliable estimate
$100K–$200K
7%
$200K–$300K
22%
$300K–$500K
45%
$500K–$750K
18%
$750K–$1M
3%
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99918%
$1,000–$1,49946%
$1,500–$1,99927%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Okemos and its comparisons
Measure
Okemos
Under $500
Unreliable estimate
$500–$999
18%
$1,000–$1,499
46%
$1,500–$1,999
27%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,261 a month
Ingham County: $1,501 a month
Without a mortgage
$1,009 a month
Ingham County: $686 a month
Owners with a mortgage
61%
Ingham County: 63%
Owning costs more in Okemos: with a mortgage, the typical cost is $2,261 a month; in Ingham County, $1,501. Without one, $1,009.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Okemos+48%
Ingham County+47%
Michigan+50%
United States+53%
Typical rent
Okemos+31%
Ingham County+24%
Michigan+30%
United States+33%
Typical household income
Okemos+31%
Ingham County+24%
Michigan+28%
United States+29%
Change since 2015–2019: Okemos and its comparisons
Measure
Okemos
Ingham County
Michigan
United States
Typical home value
+48%
+47%
+50%
+53%
Typical rent
+31%
+24%
+30%
+33%
Typical household income
+31%
+24%
+28%
+29%
The typical home value in Okemos rose 48% since 2015–2019, about the same as in Ingham County (47%).
Rents in Okemos rose faster than in Ingham County: 31% since 2015–2019, against 24%.
To compare: typical income in Okemos rose 31%; the home, +48%; the rent, +31%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Okemos and its comparisons
Measure
Okemos
Ingham County
Michigan
United States
Rental vacancy
Unreliable estimate
5.6%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
1.3%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.6%
1.6%
3.4%
People per household
2.60
2.27
2.42
2.53
Drive alone
62%
66%
74%
69%
Carpool
6%
8%
8%
9%
Public transit
Unreliable estimate
2%
1%
3%
Walk or bike
4%
5%
2%
3%
Work from home
24%
17%
14%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
More people live in each home here: 2.60 on average, against 2.27 in Ingham County.
Many people here do not commute at all: 24% work from home; in Ingham County, 17%.
Do the math
What would you pay each month for a home in Okemos?
A typical home costs more than the typical income allows
We start with a typical home in Okemos, worth $359,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Okemos, which is $102,612 a year. For that payment to be 28% of income, a household would need to earn about $139,866 a year.
The calculator's FHA and conventional loan limits are those of all of Ingham County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Okemos. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $12,572 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,264
at 7.18% · 30 years
Loan amount
$352,694
Total interest
$507,444
Paid off in
November 2056
Includes $6,066 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,394 a month
Tight
$2,394 to $3,078 a month
Hard
more than $3,078 a month
Your payment · 38%
Compared with the typical household income in Okemos ($102,612 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,389
Property tax
$566
Home insurance
$150
FHA mortgage insurance (MIP)
$159
You need at least $12,572 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,264; principal and interest $2,389.
The city and its county
Okemos and Ingham County
Okemos is in Ingham County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Okemos
Map of Ingham County, Michigan, with Okemos marked. Around it, the neighboring counties.
Okemos
Ingham County
Other cities with a page
Okemos's own numbers
Typical home value
$359,200
Typical monthly rent
$1,298
Typical yearly household income
$102,612
Households that own their home
59%
Effective property tax rate
1.89%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Ingham County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,323
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
1.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Ingham County.
A typical home in Okemos is worth $359,200: 81% above the county and 55% above Michigan. With the typical household income in Okemos ($102,612 a year), a typical home costs 3.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Okemos3.5 years
Ingham3.0 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Ingham County
According to FHFA’s house price index, home prices in Ingham County rose 92% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Ingham County.
Yearly change in FHFA’s price index in Ingham County, 2016 to 2025
2016: +4.6% +4.6% 2016
2017: +6.1% +6.1% 2017
2018: +6.7% +6.7% 2018
2019: +5.4% +5.4% 2019
2020: +3.2% +3.2% 2020
2021: +11.2% +11.2% 2021
2022: +10.8% +10.8% 2022
2023: +7.7% +7.7% 2023
2024: +7.4% +7.4% 2024
2025: +4.8% +4.8% 2025
Change in FHFA’s price index in Ingham County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+4.8%
+4.7%
+2.9%
5 years (2020–2025)
+49%
+52%
+47%
10 years (2015–2025)
+92%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Okemos next to Ingham County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Okemos$359,200
Ingham$198,800
Michigan$231,600
United States$332,700
Typical monthly rent
Okemos$1,298
Ingham$1,084
Michigan$1,129
United States$1,413
Typical yearly household income
Okemos$102,612
Ingham$65,526
Michigan$72,875
United States$80,734
See the full table
Okemos next to Ingham County and Michigan
Measure
Okemos
Ingham County
Michigan
U.S.
Typical home value
$359,200 ▲81% above the county
$198,800
$231,600
$332,700
Typical monthly rent
$1,298 ▲20% above the county
$1,084
$1,129
$1,413
Typical yearly household income
$102,612 ▲57% above the county
$65,526
$72,875
$80,734
Households that own their home
59%
59%
73%
65%
Typical yearly property tax
$6,787 ▲86% above the county
$3,640
$2,904
$3,119
Effective property tax rate
1.89% ▲0.06 points above the county
1.83%
1.25%
0.94%
Renters with high rent for their income
48% ▼5 points below the county
53%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ingham County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Okemos
For a typical $359,200 home in Okemos, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Okemos's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,264a month
Least cash to close
Down payment
$12,572
Cash to close
$23,348
Rate
7.18%
Mortgage insurance
FHA MIP · $159
Conventional, 5% down$3,198a month
Down payment
$17,960
Cash to close
$28,736
Rate
7.18%
Mortgage insurance
PMI · $171
Conventional, 20% down, no PMI$2,662a month
Down payment
$71,840
Cash to close
$82,616
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,994a month
Down payment
$53,880
Cash to close
$64,656
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Okemos
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,264
$12,572
$352,694
7.18%
FHA MIP · $159
$23,348
580
Conventional, 5% down
$3,198
$17,960
$341,240
7.18%
PMI · $171
$28,736
620*
Conventional, 20% down, no PMI
$2,662
$71,840
$287,360
7.18%
None
$82,616
620*
ITIN, 15% down (example)
$2,994
$53,880
$305,320
8.18%
None
$64,656
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Okemos is $1,298 a month: 20% above the county. In Okemos, 48% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Ingham County, by unit size. To pay the 2-bedroom one ($1,323 a month) without spending more than 30% of your income, you would need to earn $25.44 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Ingham County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,036
$19.92
$41,440
1 bedroom
$1,054
$20.27
$42,160
2 bedrooms
$1,323
$25.44
$52,920
3 bedrooms
$1,685
$32.40
$67,400
4 bedrooms
$1,739
$33.44
$69,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Okemos
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Okemos is in ZIP code 48864.
For 2 bedrooms it is $1,580: $257 more than the fair market rent for Ingham County ($1,323).
Fair market rent by ZIP code and size in Okemos, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48864
$1,240
$1,260
$1,580
$2,010
$2,080
ZIP code2 bd3 bd
48864 $1,580$2,010
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Okemos when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists one building with rents for lower incomes in Okemos.
Carriage Lane Apts3882 Dobie Rd, Okemos 4886493 homes, 89 low-income · Run by Ingham County Housing Commission · Average payment: $364 a month · Average wait: 6 months(517) 349-1643
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Ingham County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Okemos or Ingham County. The ones below are statewide in Michigan: they work in Okemos the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
No legal help resource on our list is for Okemos or Ingham County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Okemos and all of Ingham County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Okemos?
The typical home value in Okemos is $359,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ingham County it is $198,800.
How much does it cost to rent in Okemos?
Typical rent in Okemos is $1,298 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ingham County is $1,323.
What is the FHA loan limit in Okemos?
Okemos uses the FHA limit for all of Ingham County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Okemos?
The typical homeowner in Okemos pays $6,787 a year, according to the U.S. Census Bureau. That is 1.89% of the home’s value; in Ingham County, the rate is 1.83%.
Where can I find free help to buy or rent in Okemos?
There are 2 HUD-approved counseling agencies with an office in Ingham County. They can help you get ready to buy, with your credit, or with rent.
