A+
76%
Med. Home Val. NAT. AVG.
42%
Rent NAT. AVG.
5%
Owner Occ. NAT. AVG.

Novi Housing Information

IndexNoviMichiganNational
Median home price$325,500$127,800$184,700
Median rent asked$1,352$799$949
Avg. people per household2.42.52.6
Owner occupied households66.5%70.8%63.6%
Renter occupied households33.5%29.2%36.4%
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Housing Quick Facts

  • The median home price in Novi is 76% higher than the national average.
  • The median rent asked in Novi is 42% higher than the national average.
  • The average number of people per household in Novi is 9% lower than the national average.
  • The number of owner occupied households in Novi is 5% higher than the national average.
  • The number of renter occupied households in Novi is 8% lower than the national average.

Most Affordable Places to Live in and Around Novi

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Compare Novi, MI Housing

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Inkster, MI24,398$51,50072%
      Pontiac, MI59,714$73,80060%
      Wayne, MI16,894$98,90046%
      Garden City, MI26,565$119,90035%
      Dearborn Heights, MI55,630$122,20034%
      Novi, MI60,439$325,50076%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Wesley Chapel, FL60,534$242,00031%
      Sanford, FL60,337$176,6004%
      Lakewood, WA60,564$309,60068%
      Monterey Park, CA60,597$641,700247%
      Leander, TX60,613$292,00058%
      Novi, MI60,439$325,50076%
      Source: The Novi, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).