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Livonia

Learn about the people, housing, costs and businesses in Livonia, Michigan

Median Home$285,535
Median Rent$1,414/month
Population93,851
Leading IndustriesRetail · Arts, Food & Hospitality · Healthcare17% retail
Home Value Growth⬆⬆+15.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners87% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Livonia
MI

Frequently Asked Questions

What are today's mortgage rates in Livonia?

As of today, the 30-year fixed mortgage rate for Livonia is approximately 6.971% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Livonia?

The median home value in Livonia is $286k. The median monthly rent is $1,414. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Livonia?

Home values in Livonia have increased 15.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Livonia?

Based on a typical all-in ownership cost of $1,302/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Livonia is $98k/year.

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What industries drive the economy in Livonia?

The largest employment sectors in Livonia are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.