Is Livonia, MI a good place to invest in rental property?

Livonia, MI has a median modeled monthly cash flow of $-641 and a median cap rate of 3.9%, on a median sold price of $321,200. Prices changed +4.9% year over year.

What is the average cap rate in Livonia, MI?

The median cap rate across recently sold homes in Livonia, MI is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Livonia, MI?

The median sold price in Livonia, MI is $321,200 (about $171 per square foot).

Investing in Livonia, MI Real Estate

A data-driven snapshot of the Livonia, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$321,200Median sold price

$171Median $/sqft

3.9%Median cap rate

$-641Modeled cash flow / mo

+4.9%Appreciation YoY

5.7Months of supply

589Active listings

1,242Sold (last 12 mo)

What the Livonia numbers say

In Livonia, MI, the median home sold for $321,200 (about $171 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-641 of monthly cash flow. Sold prices moved +4.9% over the past year. Inventory sits at about 5.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Livonia cash-flowing listings

CashFlowRE ranks every for-sale home in Livonia, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Livonia deals, or browse the national market data.