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Housing in Novi township, Michigan

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Housing - Updated September, 2011
HousingNovi township, MIUnited States
Median Home Age2535.1
Median Home Cost$283,700$175,100
Home Appreciation-3.65%-3.15%
Homes Owned48.75%59.90%
Housing Vacant10.00%10.37%
Homes Rented41.25%29.73%
Property Tax Rate$13.73$11.20
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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Less Than $20,0000.00%2.65%
$20,000 to $39,9990.00%3.76%
$40,000 to $59,9990.00%4.99%
$60,000 to $79,9990.00%6.01%
$80,000 to $99,9990.00%7.27%
$100,000 to $149,9992.56%19.24%
$150,000 to $199,9997.69%14.67%
$200,000 to $299,99951.28%18.09%
$300,000 to $399,99930.77%9.14%
$400,000 to $499,9997.69%4.94%
$500,000 to $749,9990.00%5.42%
$750,000 to $999,9990.00%2.03%
$1,000,000 or more0.00%1.77%
HOUSING UNITS BY YEAR STRUCTURE BUILT
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1999 to 20053.75%13.71%
1995 to 199814.28%8.54%
1990 to 199411.97%5.77%
1980 to 198941.25%13.87%
1970 to 197915.00%16.17%
1960 to 19698.75%11.70%
1950 to 19593.75%11.08%
1940 to 19490.00%6.02%
1939 or Earlier1.25%13.15%

The median home value in Novi township, MI, is $283,700. Home appreciation is -3.65% over the last year. The median age of Novi township, MI, real estate is 25 years.

Novi township, MI Apartments and Rentals

Renters make up 41.25% of the Novi township, MI, population. 10.00% of houses and apartments in Novi township, MI, are unoccupied (vacancy rate).


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