Livonia, MI

Population: 95,208
Average annual home appreciation rate: 3.27%
Total of homes for sale in this market: 249
Median home price: $185,130
Median Rent: $1,136 per room
Home price range: 59.08% of homes are between $120,001 – $239,000
Median sales price: $159,000
Number of homes: 150
Median foreclosure sales price: $128,150
Foreclosure discount: 19%
Most common home type: 87.02% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.69%
Number of renters: 16.08%
Number of owner occupied: 83.92%
Number people living below poverty level: 6.08%
Unemployment rate: 3.40%
Is this area perfect for real estate deals going on right now? Data shows, this makes Livonia one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. With the lower home prices, higher rents, and large discounts available for foreclosure properties, Livonia could be the ‘perfect storm’ for real estate investors to take advantage of.

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