Novi township, MI is an affluent area with a median housing value of $556,300. This is significantly higher than the US House Median Value of $338,100. In the last year, houses in Novi Township have appreciated at a rate of 8.47%, slightly higher than the national appreciation rate of 8.27%. This suggests that Novi Township is an attractive location to buy or rent property with potential for significant returns on investment.
The median home cost in Novi township is $556,300. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Novi township is up 13.1%.
Average Age of Homes
- The median age of Novi township real estate is 48 years old
The Rental Market in Novi township
- Renters make up 3.2% of the Novi township population
- 0.0% of houses and apartments in Novi township, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.