View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Michigan
  4. /Livonia, MI - 48154

Livonia, MI—48154

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$345,000
2.9% YoY Growth
Household Income
$104,000
25.4% YoY Growth
Days on Market
17
21.0% Shorter YoY
Home Price Forecast
1.2%
Median Rent
$2,300
0.9% YoY Growth
1-Bed Rent
$1,180
1.7% YoY Growth
2-Bed Rent
$1,650
6.3% YoY Growth
3-Bed Rent
$2,600
5.6% YoY Growth

Other Zip Codes in Livonia, MI

4815048152
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Livonia, MI

As of May '26, the median home price in Livonia, MI is $345,000, with a year-over-year change of 2.9%. This indicates that home prices in Livonia, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$345,0002.9%
Single Family $347,0003.0%
Condos $262,000-0.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • $119,000
    -2.5%
    2 Bed
    		$244,0000.4%
    3 Bed
    		$333,0002.1%
    4 Bed
    		$414,0002.2%
    5 Bed $458,8052.6%
    Loading chart...

    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    3.4%
    2 Bedrooms
    8.7%
    3 Bedrooms
    56.5%
    4 Bedrooms
    28.0%
    5+ Bedrooms
    2.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,300$2,290
    Studio Rent N/AN/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
    Loading chart...

    % of Rental Stock

    Studio
    5.2%
    1 Bedroom
    33.4%
    2 Bedrooms
    26.7%
    3 Bedrooms
    29.2%
    4 Bedrooms
    3.6%
    5+ Bedrooms
    1.8%

    Property Listings — Livonia, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Livonia, MI is 17. This is a decrease of -21.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$331,0001.0%
    Listing Count
    		721.0%
    Listings as % of Homes0.2%1.0%
    Days on Market
    		17-21.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$345,000
    Median Household Income$104,000

    Livonia, MI — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Livonia, MI

    48152

    Livonia, MI

    48150

    Westland, MI

    48185

    Farmington Hills, MI

    48336

    Farmington, MI

    48335

    Frequently Asked Questions