Foreclosure Homes in Livonia, MI

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Livonia, MI Foreclosures

How much do homes sell for in Livonia, MI?
The average home price is currently $290,069.
In Livonia, MI, how many homes are available?
There are currently 40,632 active home listings available in Livonia.
What’s the average rental cost in Livonia, MI?
The average rental price in Livonia is $1,615.
What is the most expensive home in Livonia, Michigan?
The most expensive home sold in Livonia had a price of $2,801,519.
What is currently the cheapest priced home in Livonia, MI?
The cheapest home for sale in Livonia is priced at $23,303.

Home Value Estimator For Livonia, MI

There are currently 40,632 real estate properties in Livonia, MI, with a median automated valuation model (AVM) price of $281,503.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Livonia, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Livonia, MI, is $290,069.00, with the most expensive house in Livonia, MI, topping out at $2,801,519.00 and the cheapest home in Livonia, MI, clocking in at $23,303.00. In other words, there’s something for every potential homebuyer or savvy investor in Livonia, MI!

Rent Prices In Livonia, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Livonia, MI, is on a rollercoaster ride. The average rent price in Livonia, MI, is $1,615.00. Indeed, when looking to rent in Livonia, MI, you can expect to pay as little as $580.00 or as much as $3,220.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Livonia, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Livonia, MI In 2024

Livonia is located in Wayne, Michigan, with an estimated municipal population of 93,665 residents. All of the best foreclosed homes for sale in Livonia are located in the following zip code areas on 48152 48150 48154 48151 48153. The estimated population per square kilometer (.62 miles) in Livonia is 1,013.

Cost Of Living In Livonia, MI

So, about how much do homes cost in Livonia? The most recent median value of resident-owned homes in Livonia is 191,373. An estimated 86 percent of households in Livonia own their homes, with an average family size of 3.02. The median household income in Livonia is 80,149, with37.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Livonia, the median commute time of resident workers (in minutes) is 23.7. And last, but certainly not least, are you looking for homes to rent in Livonia? If so, the average rent price paid by renters in Livonia is 1,077, according to recent statistics.

Diversity And Demographics In Livonia, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Livonia, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Livonia is 45.5, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Livonia is 55.9, with an average family size of 3.02.

The percentage of residents who report their race in Livonia is as follows:

White 89.9%
Black / African American 4.3%
Asian 3.2%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Livonia? Or maybe you are searching for 55+ active adult communities in and/or near Livonia?

The percentage of residents who report their age in Livonia is as follows:

Under 10 9.7%
Aged 10-19 10.8%
20s 12.3%
30s 11.8%
40s 11%
50s 16%
60s 14.6%
70s 8.1%
80+ 5.7%

Best Schools In Livonia, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Livonia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Livonia.

Pros And Cons Of Living In Livonia, Michigan

How do you know that living in -- or moving to -- Livonia is right where you need to be? Perhaps you grew up in Livonia or already live nearby; therefore, the decision to buy a home in Livonia is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Livonia for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Livonia:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Livonia.

Reasons To Move To Livonia, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Livonia can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Livonia, meanwhile, can field multiple offers from more qualified buyers.

Livonia, MI Foreclosures


Listing types in Livonia, MI

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