Novi
Novi city, Michigan
Novi, Michigan, offers a compelling blend of suburban tranquility and vibrant community life, making it a highly desirable destination for families and individuals alike. With a population of around 65,870, Novi strikes a perfect balance between close-knit neighborhoods and access to big-city amenities. You'll find the median home value here is about $380,200, which, while above the national average, reflects the area's desirability and the quality of life it offers. Picture tree-lined streets, excellent schools, and a plethora of parks and recreational facilities, all contributing to a family-friendly atmosphere that Novi is rightfully known for. The median household income of $110,588, significantly higher than the national average, reflects the economic prosperity of the area and the earning potential for residents.
From an investment standpoint, Novi presents a solid case for both homeowners and real estate investors. The housing market is robust, driven by steady demand and a strong local economy. The city is known for its low crime rates, ensuring peace of mind for residents. Novi's appeal lies in its strategic location, offering convenient access to major highways and employment centers, making it ideal for professionals and families. This combination of factors, along with its reputation for safety and quality of life, makes Novi a smart choice for those seeking a stable and rewarding real estate investment.
Novi, Michigan at a Glance
Novi is a city in Novi city, Michigan with a population of approximately 65,870. The median home value is $380,200 and the median household income is $110,588. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 0.2 per 1,000 residents, which is 94% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $870 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$380,200
Median Income
$110,588
Population
65,870
Walk Score
0
Air Quality
AQI 41
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 65,870
- Median Age
- N/A
- Median Household Income
- $110,588
48% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 3.9%
69% below nat'l avg
- Median Home Value
- $380,200
35% above nat'l avg
- Median Rent
- $870
25% below nat'l avg
- Homeownership Rate
- 94.0%
43% above nat'l avg
- Affordability Index
- 188
88% above nat'l avg
- Violent Crime Rate
- 0.2 per 1K
94% below nat'l avg
- Property Crime Rate
- 0.1 per 1K
99% below nat'l avg
- AQI
- 41
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 68.22
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 13.7¢/kWh
17% below nat'l avg
- Est. Monthly Electric
- $123
10% below nat'l avg
- Unemployment Rate
- 4.3%
16% above nat'l avg
- Poverty Rate
- 3.9%
69% below nat'l avg
Weather & Climate in Novi
Avg High
59°F
Avg Low
41°F
Annual Rainfall
30.7"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Gratiot County county-level presidential election data
Culture & Things to Do in Novi
Novi Home & Garden Show
An annual event showcasing home improvement and gardening products.
Novi BBQ Fest
A popular festival featuring barbecue, live music, and family activities.
Novi Summer Concert Series
Free outdoor concerts held throughout the summer months.
Novi Wine Festival
An event offering wine tasting, food vendors, and entertainment.
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