Livonia Home Prices: $305K, Up 2.6% — 3 ZIPs Analyzed (2026)

$305,430. That’s the typical home value in Livonia, MI as of February 2026, and it’s up 2.6% from a year ago. Prices have climbed every month for the past year, even as the city’s population has fallen.

Quick answer: The average home price in Livonia, MI is $305,430 as of February 2026, up 2.6% year over year according to Zillow.

Current Home Prices in Livonia

The Detroit suburb sits below the Michigan metro average and well under national figures. Here’s where the numbers stand right now.

The $57,118 gap between the cheapest and priciest ZIPs is roughly 19% of the citywide median. That’s a tight spread compared to bigger metros where neighborhood variation can run 50% or more.

What you’re looking at is steady, low-volatility appreciation. The 2.6% yearly gain isn’t dramatic, but it’s a contrast with Livonia’s shrinking population. Housing demand in the area isn’t coming from new residents — it’s coming from buyers within the metro who want a quieter Wayne County address.

The price floor matters here too. Even the cheapest ZIP sits above $270K, meaning Livonia doesn’t really have a “starter” tier. Buyers shopping under $250K need to look elsewhere in the Detroit metro.

Livonia Home Prices by Neighborhood

Three ZIPs cover the city. The price gap between them is real, even if the overall range is narrow.

Most Expensive

48154 — $327,777. The northeast corner of Livonia leads on price, sitting about $22K above the citywide median.

48152 — $317,852. Just behind 48154, with rent averaging $1,412 per month, this ZIP offers the lowest rent of any neighborhood with available data.

Most Affordable

48150 — $270,660. The southwest portion of Livonia is the cheapest by a wide margin — over $57K below the most expensive ZIP. Notably, rent here is higher ($1,863/mo) than in pricier 48152, suggesting a different rental market dynamic.

That inversion is unusual. Cheaper homes typically pair with cheaper rents. In Livonia they don’t.

Rent vs Buy in Livonia

Rent data is available for two of the three Livonia ZIPs.

ZIP 48150 has a rent-to-price ratio of 8.3%, which is high. That suggests rents are running ahead of home values in that pocket — typically a setup that favors buyers if you plan to stay long enough to recover closing costs.

ZIP 48152 tells the opposite story. A 5.3% gross rent yield is on the low side, meaning rent is cheap relative to what you’d pay to own. If you’re a renter in 48152, you’re getting a bargain on monthly costs.

The math depends heavily on mortgage rates and how long you plan to stay. With rates still elevated, monthly principal-and-interest on a median-priced Livonia home runs well above the rent figures shown. For short-term residents — under 3 years — renting is the cheaper option in both ZIPs with available data.

Population Growth and Migration

Livonia is shrinking. That’s the headline.

The city lost 2,303 residents between 2020 and 2024 — a 2.4% decline. The 2024 figure shows a small bounce of 160 people from 2023, but the four-year trend is down.

How does that compare to the rest of Michigan?

Livonia is the only city in this comparison group that lost population. Even Detroit — long synonymous with population decline — added residents over the same stretch.

Yet home prices kept rising. That tells you Livonia’s market is supply-constrained, not demand-driven. Owners aren’t listing, inventory stays tight, and the buyers who do show up bid prices up.

Livonia Housing Market Trends

Prices have moved in one direction for 12 straight months: up.

The cumulative 12-month gain works out to $7,759 — about 2.6%. The pace is consistent, with monthly increases averaging $700 to $1,200.

You can see the market firming through summer and accelerating slightly in the most recent three months. From November to February, the median rose by $2,846 — roughly $950 per month. That’s a faster clip than the spring 2025 numbers, when April actually dipped $1 below March.

No big swings, no crash, no boom. Just slow, steady appreciation in a market where supply is tighter than demand suggests it should be.

Is Livonia a Good Place to Buy in 2026?

The answer depends on what you want out of the purchase.

If you’re buying as a primary residence and plan to stay 5+ years, the data is reasonable. Prices have been stable-to-rising for a year, the population isn’t crashing fast enough to threaten property values, and the metro location near Detroit offers job access.

If you’re buying as an investment, look closely at ZIP 48150. The 8.3% rent-to-price ratio suggests rental yields there work better than in pricier parts of the city. Rentals in 48152 face the opposite problem — homes are expensive but rents are soft.

The tightest squeeze is for first-time buyers. There’s no Livonia ZIP under $270K, which puts the city above what most starter-budget shoppers can clear. Compare that to nearby Detroit, where entry-level inventory is far cheaper.

Sellers are in a decent spot. Inventory is constrained, prices are climbing, and the metro is stable. You won’t get bidding wars like 2021, but you’ll likely close above asking in the two pricier ZIPs.

Livonia Housing Market Outlook for 2026-2027

The 3-month trend suggests prices will keep rising into spring 2026. From November to February, the median rose roughly $950 per month, and that pace has been accelerating from the summer 2025 numbers.

If the current pace continues, Livonia could cross $310,000 by mid-2026. That’s not a forecast — it’s an extrapolation of the trend in front of us.

Two things could change the trajectory. First, the population decline. If outflows accelerate beyond the 0.5% annual pace, supply could loosen as estate sales and downsizing add inventory. Second, mortgage rates. Any meaningful drop would pull buyers off the sidelines and push prices up faster than the current trickle.

For the next 3 to 6 months, expect more of the same: small monthly gains, tight supply, no major price corrections. The Detroit metro hasn’t shown signs of a cooling cycle that would pull Livonia down with it.

Similar Markets in MI

• Detroit — The metro’s anchor city, with much lower median prices and a population that’s actually growing.
• Dearborn — Another Wayne County suburb with a different demographic and price profile.
• Sterling Heights — A comparable Macomb County suburb worth checking if you want similar housing stock at potentially different prices.
• Ann Arbor — At the other end of the metro pricing scale, driven by university demand.
• Farmington Hills — A close demographic and geographic peer to Livonia, though that city is still slowly growing.

Frequently Asked Questions

What is the average home price in Livonia?

The typical home in Livonia, MI is worth $305,430 as of February 2026. That figure averages across the city’s 3 ZIP codes and reflects the middle 30% of the local market.

Are home prices going up or down in Livonia?

Prices are up 2.6% year over year. The median has risen every month for the past 12 months, climbing from $297,671 in March 2025 to $305,430 in February 2026.

Is it cheaper to rent or buy in Livonia?

Renting is cheaper on a monthly basis in both ZIPs with rent data. ZIP 48152 averages $1,412 per month and 48150 averages $1,863 — both well below the principal-and-interest cost of buying at current rates. Buying becomes the better deal once you stay long enough to recoup closing costs and benefit from appreciation.

What is the most affordable neighborhood in Livonia?

ZIP 48150, in the southwest part of the city, has a typical home value of $270,660 — about 11% below the citywide median and $57,000 below the priciest ZIP. Oddly, it has the highest rent of any Livonia ZIP with available data.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.