Livonia, MI—48150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Livonia, MI
As of Oct '25, the median home price in Livonia, MI is $270,000, with a year-over-year change of 4.5%. This indicates that home prices in Livonia, MI are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 4.5% |
| Single Family | $270,000 | 4.2% |
| Condos | $243,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 4.5% |
3 Bed | $277,000 | 3.7% |
4 Bed | $351,000 | 3.8% |
| 5 Bed | $356,000 | 2.6% |
% of Housing Stock
Rental Trends — Livonia, MI
As of July '25, Rentcast reports the average rent in Livonia, MI is $1,940, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Livonia, MI is 1-bedrooms: $1,400, 2-bedrooms: $1,570, 3-bedrooms: $2,240. The most common rental property sizes in Livonia, MI are 2-bedroom and 3-bedroom, accounting for 39.2% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,450 | $1,570 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Livonia, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Livonia, MI is 31. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 4.0% |
Listing Count | 70 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 31 | 4.0% |
Demographics — Livonia, MI
As of the latest ACS Survey released in 2023, Livonia, MI has a population of 26,700, which has increased by 3.7% over the past 5 years. Livonia, MI is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,700 | 3.7% |
% Under 18 | 19.7% | 3.1% |
% Seniors | 16.9% | 4.3% |
% WFH | 16.5% | 534.6% |
% w/ College Degree | 35.8% | 7.2% |
As of the latest ACS Survey released in 2023, Livonia, MI is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Livonia, MI is hispanic, making up 4.7% of the population. Foreign-born residents account for 7.3% of the population in Livonia, MI, and this percentage has increased by 21.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | -5.2% |
% Black | 3.3% | -10.8% |
% Hispanic | 4.7% | 30.6% |
% Asian | 1.8% | -14.3% |
% Foreign Born | 7.3% | 21.7% |
Mortgage and Risk — Livonia, MI
According to HUD data as of 2023, there were 640 mortgage originations in Livonia, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Livonia, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 640 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Livonia, MI
Livonia, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,400 | $1,240 |
| 2 Bedroom | $120 | $1,450 | $1,570 |
| 3 Bedroom | -$280 | $2,200 | $1,920 |
| 4 Bedroom | N/A | N/A | $2,080 |
Affordability — Livonia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $270,000 |
| Median Household Income | $94,100 |