Novi Housing Information - Census

IndexNoviMichiganNational
Median home price$235,600$120,200$175,700
Median rent asked$1,053$780$920
Avg. people per household2.32.52.6
Owner occupied households65.9%71.5%64.4%
Renter occupied households34.1%28.5%35.6%

Novi Housing Information - Zillow

IndexNoviMichiganNational
Zillow home value index$308,000$126,100$188,100
Year over year appreciation rate4.41%5.88%5.14%
5 year average appreciation rate7.87%6.88%4.12%
10 year average appreciation rate0.45%-1.03%-0.33%

Did you know?

  • The median home price in Novi is 34% higher than the national average.
  • The median rent asked in Novi is 14% higher than the national average.
  • The average number of people per household in Novi is 10% lower than the national average.
  • The number of owner occupied households in Novi is 2% higher than the national average.
  • The number of renter occupied households in Novi is 4% lower than the national average.

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Compare Novi, MI Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Inkster, MI25,056$51,70071%
Pontiac, MI59,658$55,30069%
Wayne, MI17,314$66,00062%
Garden City, MI27,356$80,10054%
Dearborn Heights, MI57,063$81,90053%
Novi, MI56,887$235,60034%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Ocala, FL56,918$118,90032%
Kokomo, IN56,958$83,10053%
Oak Lawn, IL56,969$190,6008%
Medford, MA56,981$392,700124%
Auburn, AL56,986$216,80023%
Novi, MI56,887$235,60034%
Source: The Novi, MI housing data displayed above is derived from the United States Census Bureau and Zillow data.