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Novi Michigan Real Estate By Jennifer Hershey

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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