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MI area data

Novi, MI

Aggregated across 3 ZIP codes in Novi.

Population: 61,517 (Census ACS)

The median home value in Novi, MI is $494,231 — up 2.7% over the past year. Homes sell for a median $495,700 after a median 14 days on market. Typical rent runs $2,157/month. 13 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, icestorm, strongwind the top-rated hazards. Cost of living is 8.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$494,231

Median home value

+2.7%

1-year change

14

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$494,231
1-year appreciation
+2.7%
3-year appreciation
+9.1%
5-year appreciation
+22.8%
10-year appreciation
+55.1%
All-time peak (2026-07)
$495,795
House Price Index (state)
387.5 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$495,700
Median list price
$545,800
Median price per sqft
$221
1-year sale-price change
-2.7%
Median days on market
14 days
Homes sold (recent period)
34
For-sale inventory
151
Sale-to-list ratio
100.0%
Active listings
21
1-year forecast
+1.0%
Days to pending
21 days
New listings (monthly)
85

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,157/mo
1-year rent change
+1.6%
Studio fair-market rent
$1,383/mo
1BR fair-market rent
$1,537/mo
2BR fair-market rent
$1,930/mo
3BR fair-market rent
$2,357/mo
4BR fair-market rent
$2,557/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
13
Elementary schools
8
Middle schools
2
High schools
2
School districts serving the area
Northville Public Schools, Novi Community School District, Walled Lake Consolidated Schools
Schools include
Thornton Creek Elementary School, Deerfield Elementary School, Novi Woods Elementary School, Novi Middle School, Novi Meadows School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
coldWave, iceStorm, strongWind, tornado, heatWave
Notable hazard ratings (county)
coldWave: Very High · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively High · iceStorm: Very High · inlandFlooding: Relatively High
FEMA flood zone (varies by location)
includes X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 9% of US counties
Buildings in wildfire direct-exposure zone
24.6%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Hi-Mill Manufacturing Co. (11.7 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
48.0°F
Average high
58.0°F
Average low
38.0°F
Annual precipitation
36.7 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
41
Days with Good air quality
193
Days with Moderate air quality
58
Days with Unhealthy air quality
1
Highest AQI recorded (year)
169

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
7.7 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
141,097
Jobs reachable by transit (45 min)
110,491

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
3
Nearest national park
River Raisin National Battlefield Park (38 mi)
Airports within 30 mi
78
Nearest airport
Oakland Southwest Airport (6 mi)
Nearest major airport
Oakland County International Airport (PTK) (11 mi)
Hospitals nearby (~15 mi)
23
Hospitals include
ST JOE MERCY HOSPITAL SYSTEM LIVONIA, ASCENSION PROVIDENCE HOSPITAL, SOUTHFIELD AND NOVI, SURGEONS CHOICE MEDICAL CENTER
Avg hospital rating (CMS)
2.4 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-3,502 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,994
Housing built before 1970
7.3%
Housing built 2000 or later
40.2%
Median annual property tax
$5,975
Mean commute to work
20 min
Households with broadband internet
88.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
680,690
Average weekly wage
$1,465
Top industries (by employment)
Health Care, Professional Services, Accommodation & Food
Annual residential building permits (county)
1,342

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

NoviState medianUS median
Median home value$494,231$246,351$289,727
Median sale price$495,700$265,000$325,000
Median days on market14 days36 days51 days
Typical rent$2,157/mo$1,494/mo$1,808/mo
Median annual property tax$5,975$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Novi, MI?
$494,231.
What is the median sale price in Novi, MI?
$495,700.
How long do homes take to sell in Novi, MI?
Median days on market: 14 days.
What is typical rent in Novi, MI?
Typical rent: $2,157/month.
What is the natural-hazard risk in Novi, MI?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, iceStorm, strongWind, tornado, heatWave.
Is Novi, MI in a flood zone?
Minimal (FEMA NFIP). Parts of the area include FEMA flood zone X; zones vary by location within the city.
What is the wildfire risk in Novi, MI?
Risk to homes is higher than 9% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Novi, MI?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Novi, MI?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Novi, MI?
13 schools (8 elementary, 2 middle, 2 high) (NCES, 2022-23).
Is Novi, MI walkable?
Walkability index: 7.7/20 (EPA Smart Location Database).
What is the air quality in Novi, MI?
Good. Median AQI: 41. (EPA AQI).
What is the cost of living in Novi, MI?
Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP codes in Novi

Selling a home in Novi, MI?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents