Supply remains constrained while both single-family and multifamily demand continue to outpace recent new deliveries.

Livingston County remains one of Southeast Michigan’s most supply-constrained suburban housing markets. Home prices have stabilized near peak levels while both single-family and rental demand continue to exceed new supply. Multifamily development remains limited relative to population growth, supporting strong rent levels and occupancy across existing inventory.

Livingston County Investor Snapshot

Key themes shaping development:

Why Investors Are Targeting Livingston County

Pricing remains firm, with median values continuing to hold near historic highs entering 2026.

Inventory remains structurally tight, with supply still materially below balanced-market norms.

Median home prices continue to hold near $385K to $390K, while listings and closed sales remain below historical norms. Development activity remains concentrated in:

Single-family supply remains undersized relative to household formation, limiting affordability improvement even as price growth normalizes.

OakPointe represented the seller in the successful disposition of this 16-unit Livingston County multifamily asset at $1,500,000 ($93,750 per unit), reflecting a 7.25% cap rate and demonstrating continued investor demand for well-located suburban multifamily housing in supply-constrained Livingston County.

After an extended contract period requiring multiple financing adjustments, the transaction ultimately closed with revised debt execution and seller participation.

The final capital structure combined $1,225,000 in senior financing with $275,000 in seller financing, allowing the transaction to close while preserving seller pricing in a higher-rate lending environment.

The property closed with average in-place rents of $962 per unit, providing measurable upside relative to current market rents while remaining below the approximate $2,400 monthly cost to own a median-priced single-family home in Livingston County.

This transaction reflects today’s lending environment, where capital stack flexibility and disciplined execution increasingly determine whether multifamily transactions close successfully.

OakPointe is currently marketing a 44-unit multifamily offering in Livingston County consisting of complementary apartment and townhome product within the same submarket. The offering presents investors with immediate scale in one of Southeast Michigan’s most supply-constrained suburban rental markets, where limited new inventory, elevated homeownership costs, and sustained suburban migration continue to support occupancy and rent growth.

Average in-place rents remain below competing market levels, creating measurable mark-to-market upside while still preserving an affordability advantage relative to the approximate $2,400 monthly cost to own a median-priced single-family home in Livingston County.

Several developments continue to define the local pipeline…

Multifamily supply remains structurally constrained due to population growth and a highly competitive housing market.

Livingston County continues to benefit from:

Livingston County’s position between Oakland County employment, Washtenaw growth, and suburban migration continues to support long-term residential fundamentals. Development remains constrained more by entitlement and local policy than by underlying demand.

OakPointe continues to track pricing, absorption, and investor demand across Southeast Michigan multifamily submarkets. Check our website for updates: https://www.oakpointeadvisors.com.