Livonia, MI—48154
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 $326,000, 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 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 4.5% |
| Single Family | $328,000 | 4.5% |
| Condos | $250,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | -4.9% |
2 Bed | $236,000 | 4.0% |
3 Bed | $318,000 | 3.9% |
4 Bed | $392,000 | 5.1% |
| 5 Bed | $431,000 | 3.9% |
% of Housing Stock
Rental Trends — Livonia, MI
As of July '25, Rentcast reports the average rent in Livonia, MI is $2,290, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Livonia, MI is 1-bedrooms: $1,180, 2-bedrooms: $1,680, 3-bedrooms: $2,460, 4-bedrooms: $2,880. The most common rental property sizes in Livonia, MI are 1-bedroom and 3-bedroom, accounting for 33.4% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,180 |
| 2 Bed Rent | $1,650 | $1,680 |
| 3 Bed Rent | $2,600 | $2,460 |
| 4 Bed Rent | $2,850 | $2,880 |
% 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 24. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $352,000 | 7.0% |
Listing Count | 71 | -20.0% |
| Listings as % of Homes | 0.2% | -20.0% |
Days on Market | 24 | -11.0% |
Demographics — Livonia, MI
As of the latest ACS Survey released in 2023, Livonia, MI has a population of 36,900, which has decreased by -1.8% over the past 5 years. Livonia, MI is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | -1.8% |
% Under 18 | 19.2% | 7.3% |
% Seniors | 22.7% | 8.6% |
% WFH | 15.3% | 273.2% |
% w/ College Degree | 43.7% | 14.4% |
As of the latest ACS Survey released in 2023, Livonia, MI is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Livonia, MI is hispanic, making up 4.4% of the population. Foreign-born residents account for 6.4% of the population in Livonia, MI, and this percentage has decreased by 11.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.2% | -5.6% |
% Black | 4.0% | 2.6% |
% Hispanic | 4.4% | 175.0% |
% Asian | 1.9% | -26.9% |
% Foreign Born | 6.4% | -11.1% |
Mortgage and Risk — Livonia, MI
According to HUD data as of 2023, there were 868 mortgage originations in Livonia, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% 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. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 868 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Livonia, MI
As of 2024, the percent of homes in Livonia, MI under the Section 8 program is 2.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Livonia, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,180 | $1,190 |
| 2 Bedroom | -$150 | $1,650 | $1,500 |
| 3 Bedroom | -$760 | $2,600 | $1,840 |
| 4 Bedroom | -$860 | $2,850 | $1,990 |
Affordability — Livonia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $326,000 |
| Median Household Income | $104,000 |