Novi, MI home prices
Novi, MI is flat, a premium-priced area.
Momentum+0.8%Flat
Vs typical+98%Premium
Rental yield4.4%Low yield
Real Estate Price Map scores, derived from the data on this page · how we calculate them
2000: $273,149 → today: $476,691 (1.7×)
Typical home value
$476,691
Zillow ZHVI
Since 2000
+74.5%
Rank in MI
#46
of 789 cities
Median rent
$1,732/mo
4.4% gross yield
Market read
At $476,691, homes in Novi are 98% above the typical MI city ($240,862), ranking #46 of 789 we track in the state.
Prices are up 0.8% over the last year.
Novi sits in Oakland County — see the full county market data →
Home value history
Zillow Home Value Index, yearly.
Other cities in Michigan
Lake Angelus · Leland · Orchard Lake · Franklin · Lake Leelanau · Lakeside
Frequently asked questions
What is the average home price in Novi, MI?
The typical Novi, MI home is worth $476,691 — 98% above the typical Michigan city ($240,862).
Are home prices in Novi rising?
Novi home values have risen +74.5% since 2000, and moved +0.8% in the last year.
What is the rental yield in Novi?
Median rent is $1,732/mo, a gross yield of about 4.4%.
What county is Novi in?
Novi is in Oakland County, where you can see full county market data.
| Year | Novi, MI home value |
|---|---|
| 2000 | $273,149 |
| 2001 | $288,243 |
| 2002 | $299,209 |
| 2003 | $305,263 |
| 2004 | $312,915 |
| 2005 | $313,578 |
| 2006 | $304,967 |
| 2007 | $278,099 |
| 2008 | $246,156 |
| 2009 | $211,549 |
| 2010 | $210,419 |
| 2011 | $213,605 |
| 2012 | $229,572 |
| 2013 | $263,681 |
| 2014 | $283,953 |
| 2015 | $293,731 |
| 2016 | $303,395 |
| 2017 | $321,730 |
| 2018 | $331,077 |
| 2019 | $337,562 |
| 2020 | $352,755 |
| 2021 | $398,086 |
| 2022 | $420,999 |
| 2023 | $438,741 |
| 2024 | $458,011 |
| 2025 | $472,807 |
| 2026 | $476,691 |