Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Novi area can be challenging. Home prices in Novi are now at a median cost of $379,116, higher than the Michigan average of $196,062.
The average cost of rent is $1,775/mo in Novi, primarily driven by the current value of real estate in the Novi area. While nearly 33.20% of residents own their homes outright in Novi, 32.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Novi is $9,774 per month. Households that rent pay about 18.16% of their income on rent here. Novi's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Northville, MI: higher priced homes
- Wixom, MI: less expensive homes
- Walled Lake, MI: less expensive homes
- Wolverine Lake, MI: less expensive homes
- Farmington, MI: less expensive homes
- Farmington Hills, MI: less expensive homes
- Salem, MI: higher priced homes
- West Bloomfield, MI: equally priced homes
- New Hudson, MI: less expensive homes
- Plymouth, MI: equally priced homes
Cities with Similar Populations
- Danville, CA: higher priced homes
- Pontiac, MI: less expensive homes
- Kirkland, WA: higher priced homes
- Lakeville, MN: equally priced homes
- Lebanon, TN: less expensive homes
- Leesburg, FL: less expensive homes
- Lenexa, KS: less expensive homes
- Novato, CA: higher priced homes
- Petersburg, VA: less expensive homes
- Piscataway, NJ: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood