Operating Costs & Financing
Average Loan-to-Value is 65.0%.
Effective Property Tax
$88.65 per sq ft
Tax Rate (average for all types)
4.06%
Avg Loan-to-Value
65.0%
New Listings Trend, 12 Mo
Number of new listings by month over the past year in Novi.
Novi Demographics Overview
Population
62K
Population Growth (5Y)
+11.9%
Median Household Income
$124,389
College Educated
90.6%
Top Neighborhoods for Investment
Discover the areas of Novi with the highest concentration of for-sale assets and compare their average market prices.
| Neighborhood | Price Range | Average Price |
|---|---|---|
| 48377 | $325K - 1.8M | $267.1K |
| 48374 | $295K - 1.2M | $299K |
| 48375 | $174.9K - 2.2M | $1M |
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