Downers, Lansing, MI Homes for Sale

Downers, Lansing, MI Homes for Sale July 18, 2024
16
Listed
47
Avg. DOM
$133.44
Avg. $ / Sq.Ft.
$180,000
Med. List Price
16 Properties
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Overview of Downers, Lansing, MI Real Estate Market

The Downers neighborhood in Lansing, MI, is a vibrant and diverse area with a dynamic real estate market. As of mid-2024, the average home price in Downers is around $220,000. Home prices in this area generally range from $150,000 to $300,000, making it an affordable option for many buyers.

Market Trends

The real estate market in Downers has seen a steady increase over the past year, with home values rising by approximately 5%. This upward trend is expected to continue as more buyers are drawn to the area's attractive amenities and convenient location. The average days on market for homes in Downers is currently 30 days, reflecting a balanced market where demand meets supply.

County Tax Information

Homeowners in Downers benefit from relatively low property taxes. Ingham County, where Lansing is located, has an average property tax rate of 1.89% of a property's assessed fair market value. For a home priced at $220,000, this equates to an annual property tax of about $4,158.

Types of Homes Available in Downers, Lansing

Downers offers a variety of home styles, catering to different tastes and preferences. The neighborhood primarily features single-family homes, many of which are designed in popular architectural styles such as ranch, colonial, and contemporary.

Architectural Styles

Ranch-style homes are prevalent in Downers, characterized by their single-story layouts, open floor plans, and large windows that let in plenty of natural light. Colonial homes, with their symmetrical facades, multi-story designs, and classic charm, are also common. Contemporary homes, featuring sleek lines, modern materials, and innovative design elements, add a touch of sophistication to the neighborhood.

Square Footage and Lot Sizes

The homes in Downers vary in size, with an average square footage ranging from 1,800 to 2,400 square feet. Lot sizes typically range from 0.25 to 0.5 acres, providing ample space for outdoor activities and gardening. Some properties even boast larger lots of up to 1 acre, offering additional privacy and room for expansion.

Recent Renovations and Upgrades

Many homes in Downers have undergone recent renovations to meet the needs of modern buyers. Common upgrades include updated kitchens with granite countertops and stainless steel appliances, renovated bathrooms with new fixtures and finishes, and energy-efficient windows that help reduce utility costs. Additionally, several homes feature new roofing, siding, and HVAC systems, ensuring that they are move-in ready.

Age and Construction of Homes in Downers

Homes in the Downers neighborhood of Lansing, MI, largely reflect the mid to late 20th-century American residential architecture. Most of the homes were built between 1970 and 1990. This period saw the rise of durable and efficient construction materials, resulting in homes that have stood the test of time.

Construction Materials

The primary construction materials used in these homes include brick, wood, and vinyl siding. Brick homes are particularly popular for their durability and low maintenance, while wood and vinyl siding offer more affordable and aesthetically versatile options.

Architectural Styles and Design

Architectural styles in Downers are varied, with a significant number of ranch-style homes, characterized by their single-story layouts and expansive floor plans. Colonial-style homes, featuring multi-story designs and symmetrical facades, are also common. Contemporary homes add to the diversity with their modern designs and innovative use of materials.

Recent Renovations and Upgrades

Many of the older homes in Downers have been updated to meet current standards and preferences. Renovations often include modern kitchens with stainless steel appliances and granite countertops, updated bathrooms with new fixtures, and energy-efficient windows. Some homes also boast new roofs and HVAC systems, ensuring comfort and efficiency for new owners.

Property Sizes and Lot Information

The properties in Downers offer a range of lot sizes, catering to different needs and preferences. The average lot size in the neighborhood ranges from 0.25 to 0.5 acres, providing ample space for outdoor activities and landscaping. Larger lots, up to 1 acre, are also available for those seeking more privacy and space.

Yard Features

Many homes in Downers come with well-maintained yards featuring landscaped gardens, mature trees, and fenced boundaries. These outdoor spaces are perfect for families with children or pets, and for those who enjoy gardening or outdoor entertaining.

Outdoor Amenities

Some properties include additional outdoor amenities such as patios, decks, and swimming pools. These features enhance the living experience by providing more opportunities for relaxation and recreation without leaving home.

Room for Expansion

The generous lot sizes in Downers also offer potential for future expansion. Homeowners can consider adding extra rooms, garages, or even guest houses, depending on their needs and local zoning regulations. This flexibility makes Downers an attractive option for growing families or those looking to customize their living space.

Popular Neighborhoods and Nearby Communities

The Downers neighborhood in Lansing, MI, is conveniently located near several other popular communities, offering residents a variety of lifestyle options and amenities. Its proximity to Downtown Lansing, East Lansing, and Old Town makes it an attractive choice for homebuyers.

Nearby Communities

Old Town is known for its historic charm and vibrant arts scene, featuring numerous galleries, boutique shops, and restaurants. East Lansing, home to Michigan State University, offers a lively atmosphere with plenty of cultural and recreational activities. REO Town, another nearby neighborhood, is a growing area with trendy cafes, music venues, and community events.

Popular Streets

Within Downers, some of the most sought-after streets include Downers Drive, Oak Avenue, and Maple Street. These streets are known for their well-maintained homes, friendly neighbors, and beautiful tree-lined views. Homes on these streets typically sell quickly due to their desirable locations and charming curb appeal.

Community Features

The Downers neighborhood itself offers several parks and recreational areas, including Downers Park and Hawk Island Park. These parks provide residents with ample green space, walking trails, playgrounds, and picnic areas, perfect for outdoor activities and family gatherings.

Schools and Education in Downers, Lansing

Education is a top priority for families living in Downers, Lansing. The area is served by the Lansing School District, which offers a variety of public schools known for their dedication to academic excellence and student development.

Top-Rated Schools

Downers Elementary School is one of the top-rated schools in the neighborhood, known for its strong academic programs and supportive community. Lansing High School also serves the area, offering a comprehensive curriculum that includes Advanced Placement (AP) courses and a variety of extracurricular activities. The high school has a graduation rate of approximately 90% and consistently performs well on state assessments.

Private and Charter School Options

For families seeking alternative education options, Lansing Christian School and Great Lakes Charter Academy are excellent choices. These schools offer smaller class sizes, personalized learning plans, and a focus on character development. Great Lakes Charter Academy, in particular, is known for its innovative teaching methods and commitment to student success.

School District Performance

The Lansing School District overall has a solid reputation, with average test scores consistently above the state average. The district emphasizes the importance of early childhood education and provides various support services to ensure all students have the opportunity to succeed. With a strong focus on academic achievement and a supportive community, the schools in Downers are a significant draw for families considering a move to the area.

Local Amenities and Attractions

The Downers neighborhood in Lansing, MI, is rich with local amenities and attractions that cater to a variety of interests and lifestyles. From parks and recreational areas to shopping and dining, there's something for everyone in this vibrant community.

Parks and Recreation

Downers Park is a favorite among residents, offering a large playground, picnic areas, and walking trails. Hawk Island Park, located nearby, features a lake with swimming, fishing, and paddleboat rentals, as well as a splash pad for kids and a dog park. These green spaces provide plenty of opportunities for outdoor activities and relaxation.

Shopping Centers

For shopping enthusiasts, the Lansing Mall and Frandor Shopping Center are just a short drive away. Lansing Mall boasts a variety of stores, including major retailers like JCPenney and Macy's, as well as specialty shops and a food court. Frandor Shopping Center offers a mix of big-box stores, local boutiques, and dining options, making it a convenient spot for all your shopping needs.

Dining Options

The Downers area is home to a diverse array of dining establishments. Local favorites include The Soup Spoon Café, known for its delicious soups and sandwiches, and Meat BBQ, famous for its mouth-watering barbecue dishes. Whether you're in the mood for a casual meal or a fine dining experience, you'll find plenty of options to satisfy your cravings.

Transportation and Accessibility

Downers, Lansing, MI, is well-connected, making it easy for residents to commute and travel around the city and beyond. With access to major highways and public transportation, getting to work, school, or leisure activities is convenient and straightforward.

Major Highways

Downers is conveniently located near several major highways, including I-496 and US-127. These highways provide quick and easy access to Downtown Lansing, East Lansing, and other surrounding areas. For those commuting to work or school, the average travel time is about 15-25 minutes, depending on traffic conditions.

Public Transportation

The Capital Area Transportation Authority (CATA) offers reliable bus services throughout Lansing and the surrounding communities. Several bus routes run through the Downers neighborhood, providing an affordable and convenient option for those who prefer public transportation. CATA buses are equipped with bike racks, making it easy for cyclists to combine biking with their bus commute.

Nearby Airports

For longer trips, the Lansing Capital Region International Airport is just a short drive away. The airport offers both domestic and international flights, connecting residents to major cities across the country and around the world. Additionally, Detroit Metropolitan Airport is about a 90-minute drive from Downers, providing even more travel options.

Walkability and Biking

Downers is a walkable neighborhood with sidewalks and pedestrian-friendly streets. Many residents enjoy walking or biking to nearby parks, shops, and restaurants. The Lansing River Trail, a popular multi-use trail, is easily accessible from Downers and offers miles of scenic pathways for walking, jogging, and cycling.

Real Estate Market Statistics

The Downers neighborhood in Lansing, MI, presents a healthy real estate market with a variety of homes available for prospective buyers. Currently, the average home price in Downers is approximately $220,000, with prices ranging from $150,000 to $300,000. This affordability makes it an attractive option for many families and first-time homebuyers.

Average Days on Market

Homes in Downers typically spend around 30 days on the market before being sold. This relatively short timeframe indicates a balanced market where demand and supply are closely matched. Buyers can expect a competitive environment, especially for well-priced and well-maintained properties.

Sale-to-List Price Ratio

The sale-to-list price ratio in Downers is currently about 98%, meaning that homes are selling very close to their listed prices. This statistic reflects the neighborhood's desirability and the strong interest from buyers. Sellers can be confident that their homes will attract offers near the asking price.

Number of Homes Sold

Over the past year, approximately 150 homes have been sold in the Downers neighborhood. This steady turnover indicates a vibrant market with ongoing opportunities for both buyers and sellers. The variety of homes, from charming older properties to recently renovated houses, ensures that there is something for everyone.

Tips for Buying a Home in Downers, Lansing

Buying a home in Downers, Lansing, MI, can be a rewarding experience with the right approach and preparation. Here are some tips to help you navigate the process and find your dream home in this desirable neighborhood.

Best Time to Buy

The spring and summer months are generally the best times to buy a home in Downers. During these seasons, the market sees increased activity, with more homes being listed for sale. This gives buyers a wider selection to choose from and can lead to more competitive pricing. However, it's also important to be prepared for a faster-paced market during these times.

Financing Options

When it comes to financing your home purchase, there are several options available. FHA loans are popular among first-time buyers due to their lower down payment requirements. VA loans offer benefits for military veterans, including no down payment. Conventional loans are also a good option, especially for buyers with strong credit histories. It's essential to explore all your options and choose the one that best fits your financial situation.

Homebuyer Incentives

Prospective buyers in Downers may qualify for various incentives and programs aimed at making homeownership more accessible. Local tax credits and first-time homebuyer programs can provide financial assistance, helping to reduce the overall cost of purchasing a home. These programs often offer lower interest rates, down payment assistance, and other benefits, making it easier to achieve your homeownership goals.

Working with a Real Estate Agent

Partnering with a knowledgeable real estate agent who specializes in the Downers area can be a significant advantage. An experienced agent will have insights into the local market, access to the latest listings, and the negotiation skills needed to secure the best deal. They can guide you through the entire process, from identifying suitable properties to closing the sale.

Summary

The Downers neighborhood in Lansing, MI, offers a diverse range of homes at affordable prices, making it an attractive option for many buyers. With an average home price of $220,000 and properties ranging from $150,000 to $300,000, there is something to suit every budget. The area's architectural styles, including ranch, colonial, and contemporary homes, provide a variety of choices. Most homes were built between 1970 and 1990, featuring durable construction materials such as brick, wood, and vinyl siding.

The neighborhood is well-connected, with easy access to major highways like I-496 and US-127, and reliable public transportation through CATA. Local amenities include parks, shopping centers, and diverse dining options. Top-rated schools in the area, such as Downers Elementary School and Lansing High School, contribute to the neighborhood's appeal for families.

The real estate market in Downers is vibrant, with homes typically selling within 30 days and achieving a sale-to-list price ratio of 98%. Approximately 150 homes have been sold in the past year, reflecting steady demand. For those looking to buy, the best time is during the spring and summer months, with various financing options and homebuyer incentives available to help make the process more accessible.

Overall, Downers, Lansing, MI, is a community that offers a great quality of life, making it an excellent place to call home.