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Advertise here →Novi, MI · Houses & Market Data
Novi, Michigan houses and real estate market data.
Houses in Novi, MI (Oakland County) — Census median home value $399,100, county listing prices down about 4.3% over the past year. Market data for Novi houses and the broader area.
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Novi, MI is in Oakland County, Michigan — this guide covers houses in Novi and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 66,224, with a median household income of $110,938. Census data puts Novi houses at a median value of $399,100 (all owner-occupied homes); Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Novi housing market
Novi is in Oakland County, Michigan. Manifest Census and county price-trend data provide baseline context for houses in Novi and the surrounding county market.
Median home value (Census ACS)
$399,100
Population (Census ACS)
66,224
Median household income
$110,938
County price trend (2025)
4.15% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Novi market snapshot
Population
66,224
County
Oakland County
Median Household Income
$110,938
Median Home Value (city)
$399,100
Median Listing Price (Oakland County)
$429,900
Median Gross Rent
$1,696/mo
Price Trend (YoY)
-4.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Novi different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Novi's median home value — across all owner-occupied homes, not just recent sales — at $399,100. Separately, Oakland County's current median listing price (via Realtor.com data, 2026-06-01) runs $429,900. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Population & Income
Novi has an estimated population of 66,224 and a median household income of $110,938, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Novi's Census-reported median home value works out to about 3.6x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Novi
County guide: Oakland County — cities, market context, and local resources for the county that includes Novi.
USAHouses.com also helps visitors looking in nearby Oakland County and other Michigan communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Northville, Wixom, Walled Lake, Wolverine Lake, Farmington, Farmington Hills, South Lyon, Milford, Orchard Lake Village, Franklin, Bingham Farms, Keego Harbor, Southfield, Sylvan Lake, Beverly Hills, Lathrup Village.
Northville market data
Nearby city · ~2.9 mi
Wixom market data
Nearby city · ~3.8 mi
Walled Lake market data
Nearby city · ~4.1 mi
Wolverine Lake market data
Nearby city · ~5.2 mi
Farmington market data
Nearby city · ~5.7 mi
Farmington Hills market data
Nearby city · ~5.7 mi
South Lyon market data
Nearby city · ~8.6 mi
Milford market data
Nearby city · ~9.6 mi
Orchard Lake Village market data
Nearby city · ~9.7 mi
Franklin market data
Nearby city · ~9.8 mi
Bingham Farms market data
Nearby city · ~11.0 mi
Keego Harbor market data
Nearby city · ~11.5 mi
Southfield market data
Nearby city · ~11.6 mi
Sylvan Lake market data
Nearby city · ~12.3 mi
Beverly Hills market data
Nearby city · ~12.9 mi
Lathrup Village market data
Nearby city · ~13.3 mi
More Michigan cities with market guides: Grand Rapids, Warren, Sterling Heights, Ann Arbor, Lansing, Dearborn, Livonia, Westland.
Grand Rapids market data
Same-state city guide
Warren market data
Same-state city guide
Sterling Heights market data
Same-state city guide
Ann Arbor market data
Same-state city guide
Lansing market data
Same-state city guide
Dearborn market data
Same-state city guide
Livonia market data
Same-state city guide
Westland market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Plymouth (~7.5 mi), Livonia (~8.1 mi), Westland (~12.3 mi), Garden City (~13.0 mi), Whitmore Lake (~14.1 mi), Dearborn Heights (~14.1 mi), Wayne (~14.8 mi), Inkster (~15.3 mi), Brighton (~15.6 mi), Ypsilanti (~17.6 mi), Barton Hills (~17.7 mi), Dearborn (~18.1 mi), Hartland (~18.3 mi), Romulus (~18.7 mi), Ann Arbor (~18.7 mi), Belleville (~19.1 mi).
New construction: New homes near Novi (Detroit) · Michigan new construction.
ZIP codes
ZIP codes for Novi
Census & home facts
Novi data from published sources
Population (ACS 2023)
66,224
Median home value (ACS 2023)
$399,100
Median household income (ACS 2023)
$110,938
Median gross rent (ACS 2023)
$1,696
County FHFA annual change (2025)
4.15%
County median listing price (FRED/Realtor.com) (2026-06-01)
$429,900
Census place type
city
County
Oakland County
Land area (Census Gazetteer 2024)
30.24 sq mi
Census GEOID
2659440
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Novi
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Ajr Home Sales Llc ↗
Champion Homes · Novi, Michigan · ~0.6 mi
The Townes at Main Street ↗
Pulte · Novi, Michigan · ~0.6 mi · from $499,990
Toll Brothers at The Downs ↗
Toll Brothers · Northville, Michigan · ~3.5 mi
Toll Brothers at The Downs - Churchill Collection ↗
Toll Brothers · Northville, Michigan · ~3.5 mi · from $584,995
Timberside Reserve ↗
Pulte · Wixom, Michigan · ~4.3 mi · from $494,990
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Common questions
Novi FAQ
What are houses worth in Novi, MI?
The Census Bureau's American Community Survey puts the median value of houses in Novi at $399,100. Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
How much do houses cost in Novi, MI?
For owner-occupied houses in Novi, Census ACS data shows a median value of $399,100. Active listing prices in Oakland County may differ — see the market snapshot above.
What types of houses are in Novi, MI?
Novi houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Oakland County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Novi, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Novi's population at approximately 66,224.
What's the median rent in Novi, MI?
The Census ACS estimates median gross rent in Novi at approximately $1,696 per month.
What is the median household income in Novi, MI?
Census ACS data puts the median household income in Novi at approximately $110,938.
Is the Novi housing market growing?
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Is Novi, MI affordable relative to income?
Census ACS data puts Novi's median home value at about 3.6 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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