YES
On $3,975,000/yr, the typical $250,377 home in Lansing, MI needs $73,944/yr ($1,725/mo). Your gap: +$3,901,056 — housing would be 0.5% of your gross income.
The math
250,377 price − 10% down (25,038) = 225,339 loan
30-yr fixed at 6.49% on 225,339 = 1,423/mo principal+interest
+ 303/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,725/mo PITI ÷ 0.28 = 6,162/mo → 73,944/yr required
against Zillow ZHVI 2026-05 and the 6.49% FRED 30-yr rate (2026-06-25).
What salary WOULD clear Lansing, MI?
You need about $73,944/yr for the typical home. On $3,975,000 you already clear it by $3,901,056.