Novi, Oakland County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Novi, Oakland County, MI

Median Home Price Price

$443,070 $443.1K

Median Monthly Rent Rent

$2,225 $2.2K

GRM

17.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Novi, MI is $2,225, with MoM change +$21 and YoY change +$140 pointing to positive momentum while volatility is low (std $33).

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Metric

Base market Novi, MI

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Delta vs base

Median rent

$2,225

N/A

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Median price

$443,070

N/A

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YoY change

+$140

N/A

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Price-to-rent

16.6x

Data unavailable

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