Area data
Novi, MI — ZIP 48374
Population: 17,672 (Census ACS)
Home values & appreciation
- Median home value
- $688,319
- 1-year appreciation
- +3.3%
- 3-year appreciation
- +9.8%
- 5-year appreciation
- +27.0%
- 10-year appreciation
- +54.3%
- All-time peak (2026-07)
- $688,319
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $584,600
- Median list price
- $720,000
- Median days on market
- 12 days
- Sale-to-list ratio
- 99.3%
- Active listings
- 20
- 1-year forecast
- +1.2%
- New listings (monthly)
- 27
Rents
- Typical rent
- $2,721/mo
- 1BR fair-market rent
- $1,690/mo
- 3BR fair-market rent
- $2,590/mo
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%
Schools
- Total schools
- 6
- Elementary schools
- 4
- Middle schools
- 2
- High schools
- 0
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- coldWave, iceStorm, strongWind, tornado, heatWave
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Annual precipitation
- 37.4 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 41
- Days with Good air quality
- 193
- Days with Unhealthy air quality
- 1
Walkability & transit
- Walkability index
- 8.2 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- River Raisin National Battlefield Park (39 mi)
- Nearest airport
- Oakland Southwest Airport (6 mi)
- Nearest major airport
- Oakland County International Airport (PTK) (14 mi)
- Hospitals nearby (~15 mi)
- 21
- Avg hospital rating
- 2.3 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- -3,502 tax filers
Housing stock
- Median year housing built
- 2,000
- Median annual property tax
- $8,321
- Mean commute to work
- 23 min
- Households with broadband internet
- 92.3%
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
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →