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MI area data

Novi, MI

Aggregated across 3 ZIP codes in Novi.

Population: 61,517 (Census ACS)

The typical home value in Novi, MI is $488,437 — up 2.8% over the past year. Homes sell for a median $522,000 after a median 19 days on market. Typical rent runs $2,162/month. 13 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with cold wave, ice storm, strong wind the top-rated hazards. Cost of living is 3.8% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$488,437

Typical home value

+2.8%

1-year change

19

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Typical home value
$488,437
1-year appreciation
+2.8%
3-year appreciation
+8.9%
5-year appreciation
+22.0%
10-year appreciation
+55.2%
Peak value since 2000 (Aug 2026)
$489,911
House Price Index (state)
400.5 (+3.7% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$522,000
Median list price
$481,150
Median price per sqft
$208
1-year sale-price change
-0.0%
Median days on market
19 days
Homes sold (recent period)
221
For-sale inventory
157
Sale-to-list ratio
100.0%
Active listings
115
1-year forecast
+1.4%
Days to pending
20 days
New listings (monthly)
76

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,162/mo
1-year rent change
+2.1%
Studio fair-market rent
$1,047/mo
1BR fair-market rent
$1,167/mo
2BR fair-market rent
$1,459/mo
3BR fair-market rent
$1,777/mo
4BR fair-market rent
$1,929/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
96.2 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
13
Elementary schools
8
Middle schools
2
High schools
2
Avg student-teacher ratio
16.1 : 1
School districts serving the area
Northville Public Schools, Novi Community School District, Walled Lake Consolidated Schools
Schools include
Thornton Creek Elementary School, Deerfield Elementary School, Novi Woods Elementary School, Novi Middle School, Novi Meadows School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
cold wave, ice storm, strong wind, tornado, heat wave
Notable hazard ratings (county)
tornado: Very High · cold wave: Very High · ice storm: Very High · strong wind: Very High · heat wave: Relatively High · lightning: Relatively High
Most common flood zone among NFIP claims (varies by location)
Zone A01
NFIP flood claims on record
3
Wildfire risk to homes (county)
Higher than 9% of US counties
Buildings in wildfire direct-exposure zone
24.6%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Hi-Mill Manufacturing Co. (11.7 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
48.0°F
Average high
60.0°F
Average low
37.0°F
Annual precipitation
34.3 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
41
Days with Good air quality
242
Days with Moderate air quality
99
Days with Unhealthy air quality
2
Highest AQI recorded (year)
166

Source: EPA annual air quality index (county-level)

Walkability & transit

Walkability index
7.7 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
141,097
Jobs reachable by transit (45 min)
110,491

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
River Raisin National Battlefield Park (38 mi)
Airports within 30 mi
28
Nearest airport
Oakland Southwest Airport (6 mi)
Nearest major airport
Oakland County International Airport (PTK) (11 mi)
Hospitals in or near a typical ZIP here
54
Hospitals include
ST JOE MERCY HOSPITAL SYSTEM LIVONIA, PROMEDICA CHARLES AND VIRGINIA HICKMAN HOSPITAL, ASCENSION PROVIDENCE HOSPITAL, SOUTHFIELD AND NOVI
Avg hospital rating (CMS)
2.6 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-3,502 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1994
Housing built before 1970
7.3%
Housing built 2000 or later
40.2%
Median annual property tax
$5,975
Mean commute to work
20 min
Households with broadband internet
88.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
673,280
Average weekly wage
$1,558
Top industries (by employment)
Health Care, Professional Services, Accommodation & Food
Annual residential building permits (county)
2,023

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

NoviState medianUS median
Typical home value$488,437$242,800$288,527
Median sale price$522,000$265,000$325,000
Median days on market19 days36 days51 days
Typical rent$2,162/mo$1,505/mo$1,809/mo
Median annual property tax$5,975$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Novi, MI?
$488,437.
What is the median sale price in Novi, MI?
$522,000.
How long do homes take to sell in Novi, MI?
Median days on market: 19 days.
What is typical rent in Novi, MI?
Typical rent: $2,162/month.
What is the natural-hazard risk in Novi, MI?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: cold wave, ice storm, strong wind, tornado, heat wave.
Is Novi, MI in a flood zone?
Flood zones vary by property across the city. 3 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is A01. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in Novi, MI?
Risk to homes is higher than 9% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Novi, MI?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Novi, MI?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Novi, MI?
13 schools (8 elementary, 2 middle, 2 high) (NCES, 2024-25).
Is Novi, MI walkable?
Walkability index: 7.7/20 (EPA Smart Location Database).
What is the air quality in Novi, MI?
Good. Median AQI: 41. (EPA AQI).
What is the cost of living in Novi, MI?
Regional Price Parity: 96.2 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP codes in Novi

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents