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 Type | 0.90% |
| One Bedroom | 5.90% |
| Two Bedrooms | 12.30% |
| Three Bedrooms | 59% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $161,800 |
| Median Price asked for vacant units | $153,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $725 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 12.60% |
| Simple Mortgage | 54.30% |
| Debt Free | 29% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
