Home prices
The median home in Novi costs $322,100. It is roughly $83,120 (34%) higher compared to the surrounding areas.In comparison to the entire country it is approximately $104,600 (48%) higher, and is about $272,900 (554%) higher compared to the city of Detroit.
Rents
In Novi the median rent is $1,347 a month. This is about $326 (31%) higher in comparison to nearby areas.It is about $285 (26%) higher in comparison to the US as a whole, and it is about $523 (63%) higher in comparison to the city of Detroit.
Nearby places
Northville
Northville is Novi's neighbor to the south. Housing prices there are similar. The median home in Northville costs $331,400, which works out to $9,300 (2%) higher than Novi. The rent there is a bit less expensive. The median rent in Northville is $1,101 a month, which is $246 (22%) lower than Novi.
Wixom
Wixom is Novi's neighbor to the northwest. The real estate prices there are somewhat less expensive. The cost of the median home in Wixom is $249,300, which is $72,800 (29%) lower than Novi. Rents there are significantly less expensive. The median monthly rent in Wixom is $745, which is $602 (80%) lower than Novi.
Walled Lake
Walled Lake is Novi's neighbor to the north. Real estate prices there are substantially less expensive. Walled Lake's median home value is $146,900, which comes out to $175,200 (119%) lower than Novi. Rents there are a bit less expensive. The median rent in Walled Lake is $1,037 a month, which is $310 (29%) lower than Novi.
Farmington Hills
Farmington Hills is Novi's neighbor to the east. The housing prices there are somewhat less expensive. The median home value in Farmington Hills is $257,300, which is $64,800 (25%) lower than Novi. Its rents are a little less expensive. In Farmington Hills the median rent is $1,171 per month, which is $176 (15%) lower than Novi.
Farmington
Farmington is approximately 4 miles east from Novi. The housing prices there are a lot less expensive. The median home in Farmington is valued at $210,000, which is $112,100 (53%) lower than Novi. Its rents are a bit less expensive. The median rent in Farmington is $1,053 a month, which is $294 (27%) lower than Novi.
