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market report · 48374
Novi, MI · 48374
27 active listings$655,000 median ask$3,698 est. rent0.6% price/rent
$655,000
Median list price
$3,698/mo
Estimated rent
0.6%
Price / rent ratio
27
Listings
FHFA home price index · 2016–2025
63.9% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.41
Median rent / sqft
26 comps
$263.48
Median sold / sqft
26 comps
—
Walkability
4.6%
Area unemployment
BLS LAUS
Median household income $182,827 · median home value $577,700 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 71).
9 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
1567 Ocher St, Novi, MI 48374
Novi, MI
$49,900$2,425/mo4.9%
50948 Connecticut Ave, Novi, MI 48374
Novi, MI
$90,000$2,652/mo2.9%
27023 Ladbroke St, Novi, MI 48374
Novi, MI
$649,999$5,223/mo0.8%
27089 Maxwell Ct, Novi, MI 48374
Novi, MI
$589,900$3,980/mo0.7%
24760 Sutherland Dr, Novi, MI 48374
Novi, MI
$599,500$3,924/mo0.7%
25650 Glamorgan, Novi, MI 48374
Novi, MI
$464,500$3,010/mo0.6%