48374 — Novi, MI home prices
ZIP 48374 is flat, a premium-priced area.
Momentum+0.9%Flat
Vs typical+181%Premium
Rental yield3.8%Low yield
Real Estate Price Map scores, derived from the data on this page · how we calculate them
2000: $391,371 → today: $685,039 (1.8×)
Typical home value
$685,039
Zillow ZHVI
Since 2000
+75%
Rank in MI
#15
of 891 ZIPs
Median rent
$2,182/mo
3.8% gross yield
Market read
At $685,039, ZIP 48374 in Novi is 181% above the typical MI ZIP ($243,615), ranking #15 of 891.
It sits in Oakland County — see full county data →.
Home value history
Zillow ZHVI, yearly.
Other ZIPs in Novi
Frequently asked questions
What is the average home value in ZIP code 48374?
The typical home in ZIP 48374 (Novi, MI) is worth $685,039 — 181% above the typical MI ZIP ($243,615).
How have home prices in 48374 changed since 2000?
Home values in ZIP 48374 are +75% versus 2000.
What is the rental yield in ZIP 48374?
Median rent is $2,182/mo, about a 3.8% gross yield.
What county is ZIP 48374 in?
ZIP 48374 is in Oakland County.
| Year | ZIP 48374 home value |
|---|---|
| 2000 | $391,371 |
| 2001 | $411,645 |
| 2002 | $426,528 |
| 2003 | $435,290 |
| 2004 | $450,327 |
| 2005 | $445,192 |
| 2006 | $433,891 |
| 2007 | $398,344 |
| 2008 | $344,041 |
| 2009 | $304,767 |
| 2010 | $308,478 |
| 2011 | $324,885 |
| 2012 | $347,345 |
| 2013 | $395,344 |
| 2014 | $424,647 |
| 2015 | $436,302 |
| 2016 | $445,852 |
| 2017 | $465,198 |
| 2018 | $478,962 |
| 2019 | $476,207 |
| 2020 | $496,707 |
| 2021 | $563,811 |
| 2022 | $606,800 |
| 2023 | $627,208 |
| 2024 | $659,639 |
| 2025 | $678,959 |
| 2026 | $685,039 |