Housing in Novi, Michigan
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| Median Home Age | 21 | 35.1 |
| Median Home Cost | $214,100 | $153,800 |
| Home Appreciation | 3.47% | 1.62% |
| Homes Owned | 61.83% | 57.69% |
| Housing Vacant | 8.12% | 11.38% |
| Homes Rented | 30.05% | 30.93% |
| Property Tax Rate | $13.73 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 5.97% | 2.72% |
| $20,000 to $39,999 | 3.15% | 4.03% |
| $40,000 to $59,999 | 1.61% | 5.58% |
| $60,000 to $79,999 | 3.92% | 7.09% |
| $80,000 to $99,999 | 5.68% | 8.80% |
| $100,000 to $149,999 | 20.05% | 21.26% |
| $150,000 to $199,999 | 21.31% | 14.87% |
| $200,000 to $299,999 | 23.65% | 16.82% |
| $300,000 to $399,999 | 9.22% | 7.83% |
| $400,000 to $499,999 | 2.51% | 4.04% |
| $500,000 to $749,999 | 2.63% | 4.05% |
| $750,000 to $999,999 | 0.30% | 1.26% |
| $1,000,000 or more | 0.00% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 20.23% | 13.71% |
| 1995 to 1998 | 28.21% | 14.31% |
| 1990 to 1994 | 28.21% | 14.31% |
| 1980 to 1989 | 20.06% | 13.87% |
| 1970 to 1979 | 22.43% | 16.17% |
| 1960 to 1969 | 3.61% | 11.70% |
| 1950 to 1959 | 3.42% | 11.08% |
| 1940 to 1949 | 0.63% | 6.02% |
| 1939 or Earlier | 1.40% | 13.15% |
The median home value in Novi, MI, is $214,100. Home appreciation is 3.47% over the last year. The median age of Novi, MI, real estate is 21 years.
Novi, MI Apartments and Rentals
Renters make up 30.05% of the Novi, MI, population. 8.12% of houses and apartments in Novi, MI, are unoccupied (vacancy rate).
Novi Housing SperlingViews
I Enjoy Living in Novi: We moved in here in Dec'06 and bought a nice villa condo in Island Lake of Novi. It is a nice sub and enjoy living here. There are nice shopping and recreation... (read more)Upper-Middle Class Suburbia: Overall, Novi is a great place for those who are looking for a city that has the advantages of a very big city (good night life, many restaurants/coffee shops/ect.,... (read more)Range of seasons: Spring is beautiful, mild days, cool nights; Summer can be mild to very hot with moderate to high humidity; Autumn is mild usually until the end of October; Winters can... (read more)Have an opinion about Novi? Leave a commentTo See All SperlingViews for Novi Click Here
