What is the median home price in Novi, MI?

The median home value in Novi, MI is approximately $399,100, with median rent around $1,696/mo (U.S. Census ACS). Novi is in Oakland County.

What is the cost of living like in Novi, MI?

Novi has a median household income near $110,938 against a median home value of $399,100 and median rent of $1,696/mo. Michigan's state income tax is 4.25% and effective property tax runs around 1.48%.

Can I use Remote Prop View in Novi, MI?

Yes. Remote Prop View's market data, demographics, and scam-aware research tools work nationwide. Our deep property search, comparable sales, and TruReport verification packet currently focus on the Dallas-Fort Worth, TX metro.

Novi, MI Real Estate

Novi is a city in Oakland County, Michigan with a population of about 66,224. The median home value is near $399,100, and median rent runs around $1,696/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value

$399,100

Median Rent

$1,696/mo

Population

66,224

Median Income

$110,938

Median Age

39.9

Homeownership

68%

Monthly payment on a median Novi home

Example for a $399,100 home: 20% down, 30-yr at ~6.75%, MI property tax ~1.48%, 0.4% insurance.

Est. monthly (PITI)

$2,696

Principal & interest

$2,071

Property tax / mo

$492

Down payment (20%)

$79,820

Novi at a glance

32.6% of residents 25+ hold a bachelor's degree or higher.
68% of occupied homes are owner-occupied.
Median household income is $110,938.
Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other Michigan cities

Detroit →Grand Rapids →Warren →Sterling Heights →Ann Arbor →Lansing →

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