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Livonia, MI Real Estate


According to census data in the year 2000 there were 38,658 housing units in Livonia. This represents a 5.5% growth from 36,641 in 1990.

Of those housing units, 38,658 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Livonia is about 88.8%. Livonia's vacancy rate, including seasonal lodging, is about 1.5%. Average household size is 2.59 people.

The majority of houses, apartments or condos in Livonia were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom5.90%
Two Bedrooms12.30%
Three Bedrooms59%
Four Bedrooms19.80%
Five Bedrooms or more2.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1962
Median Value of occupied units$161,800
Median Price asked for vacant units$153,800

Rented Homes, Apartments and Condos

Average Household Size1.82
Median year structure was built1974
Median Monthly Rent asked for vacant units$725

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage3.90%
Home Equity Loan12.60%
Simple Mortgage54.30%
Debt Free29%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%