2026 Affordability Data
Most Affordable Neighborhoods in Novi - 2026 Data
The median home value in Novi is $380,200, 35% above nat'l avg. Median rent is $870/month. With an affordability index of 188, Novi is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Novi, MI area.
Key Takeaways: Affordability in Novi
- 1The most affordable neighborhood in Novi is Taylor, with a median home value of $132,300.
- 2Novi's median home value is $380,200, 35% above nat'l avg (national: $281,900).
- 3Novi's affordability index is 188 (baseline 100), making it more affordable than the national average.
- 4Median rent in Novi is $870/month, 25% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Novi to find the most affordable areas based on home values, rent, and affordability index.
Novi Affordability Overview
Median Home Value
$380,200
35% above nat'l avg
Median Rent
$870/mo
25% below nat'l avg
Median Income
$110,588
48% above nat'l avg
Affordability Index
188
88% above nat'l avg
Most Affordable Neighborhoods in Novi (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | TaylorMI | $132,300 |
| 2 | Dearborn HeightsMI | $161,200 |
| 3 | Sault Ste. MarieMI | $114,700 |
| 4 | LivoniaMI | $249,000 |
| 5 | MelvindaleMI | $95,900 |
| 6 | KalamazooMI | $152,700 |
| 7 | Hazel ParkMI | $129,300 |
| 8 | Sterling HeightsMI | $243,400 |
| 9 | Harper WoodsMI | $134,900 |
| 10 | LansingMI | $112,200 |
| 11 | WyomingMI | $180,300 |
| 12 | BirminghamMI | $679,700 |
| 13 | Garden CityMI | $152,800 |
| 14 | WarrenMI | $169,300 |
| 15 | EscanabaMI | $104,200 |
Detailed Neighborhood Profiles
Home Value: $132,300
Rent: $870/mo
Affordability: 188
Population: 62,937
Walk Score: 0/100
Home Value: $161,200
Rent: $870/mo
Affordability: 188
Population: 62,474
Walk Score: 0/100
Home Value: $114,700
Rent: $870/mo
Affordability: 188
Population: 13,409
Walk Score: 0/100
4
Home Value: $249,000
Rent: $870/mo
Affordability: 188
Population: 94,928
Walk Score: 0/100
5
Home Value: $95,900
Rent: $870/mo
Affordability: 188
Population: 12,639
Walk Score: 0/100
6
Home Value: $152,700
Rent: $870/mo
Affordability: 188
Population: 73,342
Walk Score: 0/100
7
Home Value: $129,300
Rent: $870/mo
Affordability: 188
Population: 15,065
Walk Score: 0/100
8
Home Value: $243,400
Rent: $870/mo
Affordability: 188
Population: 133,744
Walk Score: 0/100
9
Home Value: $134,900
Rent: $870/mo
Affordability: 188
Population: 15,296
Walk Score: 0/100
10
Home Value: $112,200
Rent: $870/mo
Affordability: 188
Population: 112,986
Walk Score: 0/100
11
Home Value: $180,300
Rent: $870/mo
Affordability: 188
Population: 76,732
Walk Score: 0/100
12
Home Value: $679,700
Rent: $870/mo
Affordability: 188
Population: 21,738
Walk Score: 0/100
13
Home Value: $152,800
Rent: $870/mo
Affordability: 188
Population: 27,203
Walk Score: 0/100
14
Home Value: $169,300
Rent: $870/mo
Affordability: 188
Population: 138,588
Walk Score: 0/100
15
Home Value: $104,200
Rent: $870/mo
Affordability: 188
Population: 12,403
Walk Score: 0/100
Frequently Asked Questions About Affordability in Novi
What is the most affordable neighborhood in Novi, MI?▾
Based on 2026 data, Taylor is the most affordable neighborhood in Novi with a median home value of $132,300. Kurby analyzed 15 neighborhoods in the Novi area to compile these rankings.
What is the median home price in Novi, MI?▾
The median home price in Novi is $380,200, which is 35% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Novi affordable compared to the national average?▾
Novi has an affordability index of 188, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Novi, MI?▾
The median monthly rent in Novi is $870. This is 25% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Novi?▾
The median household income in Novi is $110,588 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Novi are below the national average home price?▾
14 out of 15 ranked neighborhoods in Novi have a median home value below the national average of $281,900. The most affordable is Taylor at $132,300 (Source: Kurby, 2026).