Novi, MI Housing
As of 2010-2014, median price of a house in Novi is $235,600, which is much higher than the state average of $120,200 and is higher than the national average of $175,700. The Novi median house value has shrunk by 0.30% since 2000. The growth rate for the price of a house in Novi is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Novi was built is 1989, which is newer than the median year for a house built in the state which is 1969 and is newer than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 15,148 Owner Occupied Houses in Novi, MI, #33Novi, MI | 235,600 USD |
Michigan | 120,200 USD |
U.S. | 175,700 USD |
Novi, MI | -0.30% | |
Michigan | 3.98% | |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
Novi, MI | Michigan | U.S. | |
Total Housing Units | 24,303, see rank, 100% | 4,532,719 | 132,741,033 |
Occupied Housing Units | 23,001, 94.64%, see rank | 84.45% | 87.55% |
Owner Occupied | 15,148, 62.33%, see rank | 60.41% | 56.34% |
Renter Occupied | 7,853, 32.31%, see rank | 24.04% | 31.21% |
Vacant Housing Units | 1,302, 5.36%, see rank | 15.55% | 12.45% |
For Rent | 385, 1.58%, see rank | 1.84% | 2.34% |
For Sale Only | 178, 0.73%, see rank | 1.40% | 1.20% |
Rented or Sold, Not Occupied | 202, 0.83%, see rank | 1.04% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 51, 0.21%, see rank | 6.26% | 3.97% |
For Migrant Workers | 0, 0.00%, see rank | 0.05% | 0.03% |
Other Vacant | 486, 2.00%, see rank | 4.96% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #19Novi, MI | Michigan | U.S. |
1989 | 1969 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
Novi, MI | % | Michigan | U.S. | |
Owner-Occupied Units | 15,148 | 100% | 2,738,012 | 74,787,460 |
With a Mortgage | 10,695 | 70.60%, see rank | 63.63% | 65.58% |
Without a Mortgage | 4,453 | 29.40%, see rank | 36.37% | 34.42% |
*Based on 2010-2014 data. View historical mortgage status data.
Monthly Owner Costs for Housing Units with a Mortgage
Median Owner Costs, see rank
Novi, MI | 2,014 USD |
Michigan | 1,295 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | Novi, MI | % | Michigan | U.S. |
$299 or Less | 20 | 0.19%, see rank | 0.19% | 0.20% |
$300 to $499 | 102 | 0.95%, see rank | 1.88% | 1.59% |
$500 to $699 | 206 | 1.93%, see rank | 6.65% | 5.01% |
$700 to $999 | 714 | 6.68%, see rank | 19.56% | 14.32% |
$1,000 to $1,499 | 2,037 | 19.05%, see rank | 34.69% | 27.90% |
$1,500 to $1,999 | 2,207 | 20.64%, see rank | 20.06% | 20.35% |
$2,000 to $2,999 | 3,296 | 30.82%, see rank | 12.84% | 19.52% |
$3,000 or More | 2,113 | 19.76%, see rank | 4.13% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Novi, MI | 20.00% of the Total Income |
Michigan | 22.60% of the Total Income |
U.S. | 23.70% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Novi, MI | % | Michigan | U.S. | |
10% or Less | 833 | 7.79%, see rank | 5.90% | 5.86% |
10% to 20% | 4,513 | 42.20%, see rank | 35.28% | 31.95% |
20% to 30% | 2,985 | 27.91%, see rank | 27.51% | 27.64% |
30% to 40% | 1,068 | 9.99%, see rank | 12.63% | 13.74% |
40% or More | 1,286 | 12.02%, see rank | 18.20% | 20.29% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.
Monthly Owner Costs for Housing Units without a Mortgage
Median Owner Costs, see rank
Novi, MI | 650 USD |
Michigan | 463 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | Novi, MI | % | Michigan | U.S. |
$199 or Less | 256 | 5.75%, see rank | 4.74% | 7.76% |
$200 to $299 | 215 | 4.83%, see rank | 12.46% | 14.70% |
$300 to $499 | 675 | 15.16%, see rank | 40.41% | 34.63% |
$500 to $699 | 1,552 | 34.85%, see rank | 25.95% | 21.16% |
$700 or More | 1,755 | 39.41%, see rank | 16.44% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Novi, MI | 13.20% of the Total Income |
Michigan | 13.40% of the Total Income |
U.S. | 12.30% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Novi, MI | % | Michigan | U.S. | |
10% or Less | 1,705 | 38.29%, see rank | 35.33% | 40.19% |
10% to 20% | 1,285 | 28.86%, see rank | 33.76% | 31.47% |
20% to 30% | 657 | 14.75%, see rank | 13.39% | 12.24% |
30% to 40% | 322 | 7.23%, see rank | 6.18% | 5.64% |
40% or More | 484 | 10.87%, see rank | 9.99% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
Novi, MI | Michigan | U.S. | |
Total Housing Units | 24,303, 100% | 4,532,719 | 132,741,033 |
1-unit, Detached | 12,085, 49.73%, see rank | 71.97% | 61.65% |
1-unit, Attached | 2,913, 11.99%, see rank | 4.66% | 5.82% |
2 Units | 324, 1.33%, see rank | 2.58% | 3.75% |
3 or 4 Units | 1,315, 5.41%, see rank | 2.56% | 4.43% |
5 to 9 Units | 2,141, 8.81%, see rank | 4.20% | 4.78% |
10 or More Units | 4,297, 17.68%, see rank | 8.58% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 1,228, 5.05%, see rank | 5.45% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
Novi, MI | Michigan | U.S. | |
Total Housing Units | 24,303, 100% | 4,532,719 | 132,741,033 |
1 Room | 130, 0.53%, see rank | 1.24% | 1.95% |
2 Rooms | 471, 1.94%, see rank | 1.78% | 2.48% |
3 Rooms | 2,529, 10.41%, see rank | 7.14% | 9.13% |
4 Rooms | 4,437, 18.26%, see rank | 14.38% | 16.60% |
5 Rooms | 3,698, 15.22%, see rank | 21.00% | 20.41% |
6 Rooms | 3,062, 12.60%, see rank | 20.07% | 18.06% |
7 Rooms | 2,666, 10.97%, see rank | 13.45% | 12.27% |
8 Rooms | 2,619, 10.78%, see rank | 9.27% | 8.48% |
9 Rooms or More | 4,691, 19.30%, see rank | 11.67% | 10.60% |
Median Rooms | 5.80, see rank | 5.70 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
Novi, MI | Michigan | U.S. | |
Total Housing Units | 24,303, 100% | 4,532,719 | 132,741,033 |
No Bedroom | 160, 0.66%, see rank | 1.35% | 2.17% |
1 Bedroom | 2,988, 12.29%, see rank | 9.11% | 11.16% |
2 Bedrooms | 7,139, 29.37%, see rank | 26.33% | 26.69% |
3 Bedrooms | 6,543, 26.92%, see rank | 43.93% | 39.70% |
4 Bedrooms | 6,697, 27.56%, see rank | 15.80% | 16.05% |
5 or More Bedrooms | 776, 3.19%, see rank | 3.47% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
Novi, MI | Michigan | U.S. | |
Total Housing Units | 23,001, 100% | 3,827,880 | 116,211,092 |
Utility Gas | 21,024, 91.40%, see rank | 77.13% | 48.85% |
Bottled, Tank, or LP Gas | 218, 0.95%, see rank | 8.48% | 4.86% |
Electricity | 1,624, 7.06%, see rank | 8.30% | 36.68% |
Fuel Oil, Kerosene, etc. | 45, 0.20%, see rank | 1.40% | 5.86% |
Coal or Coke | 0, 0.00%, see rank | 0.03% | 0.12% |
Wood | 44, 0.19%, see rank | 3.39% | 2.12% |
Solar Energy | 0, 0.00%, see rank | 0.02% | 0.05% |
Other Fuel | 46, 0.20%, see rank | 0.86% | 0.47% |
No Fuel Used | 0, 0.00%, see rank | 0.39% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | Novi, MI | Michigan | U.S. |
Occupied Units Paying Rent | 7,621, 100% | 1,028,835 | 39,201,928 |
$199 or Less | 0, 0.00%, see rank | 1.86% | 1.50% |
$200 to $299 | 0, 0.00%, see rank | 3.88% | 3.18% |
$300 to $499 | 130, 1.71%, see rank | 9.32% | 7.37% |
$500 to $699 | 478, 6.27%, see rank | 23.63% | 16.01% |
$700 to $999 | 2,944, 38.63%, see rank | 35.23% | 29.17% |
$1,000 to $1,499 | 2,005, 26.31%, see rank | 20.17% | 26.88% |
$1,500 to $1,999 | 1,022, 13.41%, see rank | 3.85% | 9.79% |
$2,000 or More | 1,042, 13.67%, see rank | 2.06% | 6.10% |
Median | $1,053, see rank | $780 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
Novi, MI | Michigan | U.S. | |
Occupied Housing Units | 23,001, 100% | 3,827,880 | 116,211,092 |
No Vehicles Available | 885, 3.85%, see rank | 7.97% | 9.12% |
1 Vehicles Available | 8,180, 35.56%, see rank | 35.06% | 33.80% |
2 Vehicles Available | 10,055, 43.72%, see rank | 38.45% | 37.48% |
3 or More Vehicles Available | 3,881, 16.87%, see rank | 18.52% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.