Zip 48154 (Livonia, MI) Housing

The housing market in 48154 Livonia, MI is doing well. The median value of a house in this area is $277,000, which is significantly lower than the US median house value of $338,100. Despite this discrepancy, investors and potential homeowners will be pleased to know that over the last year the appreciation rate for houses in Livonia has been 8.47%, outperforming the national average of 8.27%. This indicates that if you plan on buying or investing here now, you can reasonably expect an increase in value over time.

The median home cost in Livonia (zip 48154) is $277,000. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Livonia (zip 48154) is up 13.1%.

Average Age of Homes

- The median age of Livonia (zip 48154) real estate is 53 years old

The Rental Market in Livonia (zip 48154)

- Renters make up 9.9% of the Livonia (zip 48154) population
- 0.4% of houses and apartments in Livonia (zip 48154), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Livonia, Michigan	United States
	15,203.0	139,647,020.0
	56	42
	$277,000	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$14.97	$10.98
	$3,585	$2,690
	87.7%	57.4%
	4.0%	11.2%
	8.3%	31.4%
Vacant Housing
	0.4%	1.9%
	0.1%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	1.2%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.3%	2.4%
	0.3%	2.8%
	0.5%	3.9%
	1.3%	4.5%
	6.0%	11.3%
	18.0%	13.0%
	54.7%	20.1%
	16.0%	13.6%
	2.0%	8.3%
	0.2%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.2%	13.6%
	4.2%	13.6%
	4.2%	13.6%
	6.8%	13.2%
	12.1%	14.8%
	4.2%	13.6%
	23.6%	10.0%
	3.2%	4.7%
	1.8%	12.2%

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