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Rent To Own Homes in Livonia, MI 48146

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Livonia, MI Foreclosures

How much do homes sell for in Livonia, MI?
The average home price is currently $313,680.
In Livonia, MI, how many homes are available?
There are currently 139 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?
The most expensive home sold in Livonia had a price of $20,780,254.
What is currently the cheapest priced home in Livonia, MI?
The cheapest home for sale in Livonia is priced at $15,324.

Living in Livonia, MI

Livonia, MI, is a thriving suburban city known for its excellent schools, parks, and family-friendly environment. The city offers a mix of shopping, dining, and recreational activities, making it ideal for families and young professionals. With easy access to major highways, Livonia is well-connected to nearby Detroit and offers a strong sense of community.

Current Market Conditions in Livonia, MI

Livonia's real estate market has been steady, with a healthy demand for homes in the area. Recent trends indicate a slight increase in home prices as the inventory of available homes has decreased, making it a competitive market for buyers. With the ongoing development in and around Livonia, property values are expected to continue to rise.

The average days on market for homes in Livonia remain low, indicating that properties are selling quickly. First-time homebuyers and families looking for larger homes are actively purchasing, driving the market demand and creating opportunities for sellers.

Home Value Estimator For Livonia, MI

There are currently 40,612 real estate properties in Livonia, MI, with a median automated valuation model (AVM) price of $303,595.00. 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 $313,680.00, with the most expensive house in Livonia, MI, topping out at $20,780,254.00 and the cheapest home in Livonia, MI, clocking in at $15,324.00. 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.

Livonia, MI 48146 Rent To Own Homes

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