Livonia, Michigan Housing Market Prices
Livonia Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 61% above the Michigan median$223,994
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Median rent 17% above the Michigan median$1,321
Housing Market Overview
| Metric | Livonia | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,994 | $138,713 | $248,835 |
| Price Trend (Annual %) | 7.2% | 8.6% | 7.5% |
| Median Gross Rent | $1,321 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Livonia is about 61% higher than in Michigan. Rent is about 17% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Livonia, up about 7.2% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Livonia rose about 35.4% between 2015 and 2024, from $976 to $1,321. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Livonia.
Buying the median-priced home in Livonia costs roughly 14.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Livonia. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Livonia | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,994 | $138,713 | $248,835 |
| Median Household Income | $98,215 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Livonia rose about 88.2%, while median household income rose about 30.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Livonia | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.3% | 64.6% | 58.5% |
| Rental Rate | 12.4% | 23.6% | 31.2% |
| Vacancy Rate | 3.3% | 11.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Livonia has a homeownership rate of 84.3%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 3.3%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Livonia | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1967 | 1972 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Livonia was built around 1967. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Livonia, MI Housing Compared With Nearby Cities
How Livonia, MI compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Livonia, MI | 93,850 | $223,994 #1/3 | $1,321 #2/3 | 87.2% #1/3 |
| Westland, MI | 83,629 | $124,694 | $1,157 | 61.3% |
| Farmington Hills, MI | 83,503 | $162,685 | $1,550 | 64.7% |
Frequently Asked Questions
Common questions about the housing market in Livonia, Michigan.
What is the median home price in Livonia, Michigan?
The median home price in Livonia, Michigan is $223,994, higher than the Michigan average of $138,713.
What is the average home price in Livonia, Michigan?
The typical home price in Livonia, Michigan, reported as the median sale price, is $223,994. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Livonia, Michigan?
The median gross rent in Livonia, Michigan is $1,321 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Livonia in 2020?
In 2020, the median gross rent in Livonia, Michigan was $1,095 per month.
What is the price-to-rent ratio in Livonia, Michigan?
The price-to-rent ratio in Livonia, Michigan is about 14.1, meaning it would take roughly 14.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Livonia.
Are home prices or rent rising faster in Livonia, Michigan?
Both home prices and rent are rising in Livonia, up about 7.2% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Livonia, Michigan?
84.3% of households in Livonia, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Livonia, Michigan?
The housing vacancy rate in Livonia, Michigan is 3.3%, lower than the Michigan average of 11.8%.
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