Novi Michigan Real Estate
Novi, Michigan, is located in Oakland County, 5 miles W of Farmington Hills, Michigan and 22 miles W of Detroit, Michigan. Novi has a population of 47,386.
Novi Homes
Novi properties pool is 18,732 residential properties including Novi new homes. Median age of real estate in Novi is 1984. Average Household size is 3.17 people. 1% are one bedroom homes, 20% are 2 bedroom homes, 38% are 3 bedroom homes, 38% are 4 bedroom homes, and 3% are 5+ bedroom homes.
Novi Mortgage Statistics
Novi mortgages vs. USA median statistics
Homes |
Novi |
USA |
Homes With No Mortgage |
12% |
30% |
Homes With Mortgage |
88% |
70% |
First Mortgage Only |
69% |
54% |
First & Second Mortgage or HELOC |
19% |
16% |
Novi Area Real Estate Tax
Novi Real estate Tax: Median Real Estate Taxes (2000) were $3,273 comparing to 1999 Median Family income $ 91,369. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Novi School District: Children make up 27.6% of Novi population. Novi has 13,069 under 18 years old residents, or 0.51 kids per one worker, or 0.7 kids per one household.
Novi Real Estate & Novi Homeownership
There are 5244.96 or 28% one person households, 5619.6 or 30% two person households, and 2997.12 or 16% three person households in Novi, Michigan. Median residents age is 35.2, Senior citizens (65+) make up 3,838 or 8.1%% of Novi population.
There are 25,521 workers (over 16 years of age) in Novi. Of these, 96.26% drive to work. Approximately 0.29% of workers in Novi take public transportation. An estimated 0.49% walk to work.
Median Novi homeowner's housing expences are 18.3%
Crime in Novi (2003), crimes per 10,000 residents per year
Type of Crime |
Novi |
USA, 2003 |
Violent Crimes |
9.5 |
47.5 |
Robberies |
3.17 |
14.2 |
Aggravated Assaults |
4.43 |
29.5 |
Property Crimes |
292.28 |
358.8 |
Burglaries |
42.21 |
74.0 |
Larceny-Thefts |
232.14 |
241.5 |
Motor Vehicle Thefts |
17.94 |
43.3 |
Invest in Novi Properties
When making a decision about buying real estate in Novi Michigan area, you should consider following statistical data:
Category |
Novi |
USA |
Near Medium City |
Farmington Hills, Michigan |
- |
Near Large City |
Detroit, Michigan |
- |
Novi Zip Codes |
48374, 48375, 48377 |
- |
Novi Area Codes |
248 |
- |
White population |
87.26% |
75.1% |
African-American population |
1.92% |
12.3% |
Asian |
8.67% |
3.6% |
American Indian & Alaskan |
0.19% |
0.9% |
Hispanic (of any race) |
1.8% |
12.5% |
Median Family Income (1999) |
$ 91,369% |
$42,000 |
Population Below Poverty Level |
2.22% |
12.4% |
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Novi Real Estate For Sale
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