Livonia, Wayne County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Livonia, Wayne County, MI

Median Home Price Price

$294,297 $294.3K

Median Monthly Rent Rent

$1,633 $1.6K

GRM

15.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Livonia, MI is $1,633, with MoM change +$14 and YoY change +$110 pointing to positive momentum while volatility is low (std $27).

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Metric

Base market Livonia, MI

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Delta vs base

Median rent

$1,633

N/A

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Median price

$294,297

N/A

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YoY change

+$110

N/A

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Price-to-rent

15.0x

Data unavailable

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