48150, Livonia, MI

The 48150 zip code of Livonia, MI has a population of around 158,000 people. The median household income in the zip code is $60,000 and the median home value is $175,000. The percentage of households that own their homes outright is around 60%, while the percentage of households that are mortgage-free is around 30%. Around one-third of all households in the zip code have a mortgage.

There has been a lot of speculation recently about whether or not the housing market in Michigan will experience another downturn. However, based on current trends and data from previous cycles, it seems likely that prices will continue to rise in this area over the next few years. This is due to several factors:

1) There are still many people who are looking to buy homes in Michigan. Even though there have been some tough economic times recently, there are still many people who want to buy homes because they believe that prices will eventually go up again.

2) There is still a lot of demand for housing in Livonia, MI even though wages have not increased as much as people would like over the past few years. Many people who live in this area work at jobs that do not offer good benefits or pay very well, so they need to find ways to save money every month if they want to be able to afford a house on their own. Buying a home can be one way that they can do this.

3) The average price for homes in Livonia, MI has increased significantly over the past few years even though interest rates have remained relatively low overall. This means that buyers are able to get more bang for their buck when they purchase a home here compared to other areas across the country.