Livonia, MI—48152
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 $317,000, with a year-over-year change of 4.1%. 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 | $317,000 | 4.1% |
| Single Family | $331,000 | 4.1% |
| Condos | $235,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $128,000 | -1.5% |
2 Bed | $219,000 | 3.8% |
3 Bed | $307,000 | 3.4% |
4 Bed | $450,000 | 4.9% |
| 5 Bed | $484,000 | 5.0% |
% of Housing Stock
Rental Trends — Livonia, MI
As of July '25, Rentcast reports the average rent in Livonia, MI is $2,060, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Livonia, MI is 1-bedrooms: $1,650, 2-bedrooms: $1,500, 3-bedrooms: $2,200, 4-bedrooms: $3,110. The most common rental property sizes in Livonia, MI are 1-bedroom and 2-bedroom, accounting for 42.6% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,230 | $1,650 |
| 2 Bed Rent | $1,450 | $1,500 |
| 3 Bed Rent | $2,500 | $2,200 |
| 4 Bed Rent | $2,600 | $3,110 |
% 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 38. This is a increase of 18.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 4.0% |
Listing Count | 85 | 21.0% |
| Listings as % of Homes | 0.3% | 21.0% |
Days on Market | 38 | 18.0% |
Demographics — Livonia, MI
As of the latest ACS Survey released in 2023, Livonia, MI has a population of 30,400, which has decreased by -2.6% over the past 5 years. Livonia, MI is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | -2.6% |
% Under 18 | 18.0% | -1.1% |
% Seniors | 24.9% | 21.5% |
% WFH | 16.8% | 354.1% |
% w/ College Degree | 40.6% | 11.2% |
As of the latest ACS Survey released in 2023, Livonia, MI is a predominantly white area, with 77.8% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Livonia, MI is asian, making up 7.6% of the population. Foreign-born residents account for 11.2% of the population in Livonia, MI, and this percentage has increased by 20.4% 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 | 77.8% | -10.4% |
% Black | 5.8% | 3.6% |
% Hispanic | 4.6% | 170.6% |
% Asian | 7.6% | 65.2% |
% Foreign Born | 11.2% | 20.4% |
Mortgage and Risk — Livonia, MI
According to HUD data as of 2023, there were 597 mortgage originations in Livonia, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 597 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Livonia, MI
As of 2024, the percent of homes in Livonia, MI under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Livonia, MI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 491 |
Total Units Section 8 | 347 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,230 | $1,230 |
| 2 Bedroom | $100 | $1,450 | $1,550 |
| 3 Bedroom | -$600 | $2,500 | $1,900 |
| 4 Bedroom | -$540 | $2,600 | $2,060 |
Affordability — Livonia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $317,000 |
| Median Household Income | $89,000 |