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City

ZIP codes

Novi, MI · 48376

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $98K, +2.6% YoY (county); renters hold 27.3% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

530,460

Median Days on Market

Active Listings

New Listings

Neighborhood Map

Loading the map

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 561,348

561Kunits

Occupied530,46094.5%

Vacant30,8885.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 530,460

530Koccupied

Owner385,50072.7%

Renter144,96027.3%

Renter Share

27.3%-1.5% YoY

Total Housing Units

561,348+0.6% YoY

FY2026 Fair Market Rent

CountyOakland County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,009

/month

1 BR

$1,122

/month

2 BR

$1,411

/month

3 BR

$1,724

/month

4 BR

$1,868

/month

FMR trends · Oakland County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.6% to 1,279,825: residents under 18 are down 0.5% and those 65 and over are up 3.1%.

Median Age

41.32024

Population

Oakland County Population

1,296,888+1.2% YoY

Households

Total Households

530,460+0.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.39+0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,279,825

1.3Mresidents

Under 18259,33420.3%

Adults 18–64785,43561.4%

65 & Over235,05618.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

259,334-0.5% YoY

Population 65 & Over

235,056+3.1% YoY

Median Age

41.30+0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.1%

Moved (within US)10.1%

Other0.8%

Veterans

4.4%-6.4% YoY

County Economy

County median household income is $98K, 7.7% of residents are below the poverty level, 20.2% work from home.

Income

Median Household Income

$98K+2.6% YoY

Per-Capita Income

$57K+2.9% YoY

Mean Household Income

$134K+2.9% YoY

Poverty

Below Poverty Level

7.7%0.0% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.3%

Public transit0.3%

Worked from home20.2%

Other8.2%

Worked From Home

20.2%+12.2% YoY

Mean Commute

25.80-0.8% YoY

Done with 48376? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Novi, MI · 48376

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $98K, +2.6% YoY (county); renters hold 27.3% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

530,460

Median Days on Market

Active Listings

New Listings

Neighborhood Map

Loading the map

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 561,348

561Kunits

Occupied530,46094.5%

Vacant30,8885.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 530,460

530Koccupied

Owner385,50072.7%

Renter144,96027.3%

Renter Share

27.3%-1.5% YoY

Total Housing Units

561,348+0.6% YoY

FY2026 Fair Market Rent

CountyOakland County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,009

/month

1 BR

$1,122

/month

2 BR

$1,411

/month

3 BR

$1,724

/month

4 BR

$1,868

/month

FMR trends · Oakland County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.6% to 1,279,825: residents under 18 are down 0.5% and those 65 and over are up 3.1%.

Median Age

41.32024

Population

Oakland County Population

1,296,888+1.2% YoY

Households

Total Households

530,460+0.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.39+0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,279,825

1.3Mresidents

Under 18259,33420.3%

Adults 18–64785,43561.4%

65 & Over235,05618.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

259,334-0.5% YoY

Population 65 & Over

235,056+3.1% YoY

Median Age

41.30+0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.1%

Moved (within US)10.1%

Other0.8%

Veterans

4.4%-6.4% YoY

County Economy

County median household income is $98K, 7.7% of residents are below the poverty level, 20.2% work from home.

Income

Median Household Income

$98K+2.6% YoY

Per-Capita Income

$57K+2.9% YoY

Mean Household Income

$134K+2.9% YoY

Poverty

Below Poverty Level

7.7%0.0% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.3%

Public transit0.3%

Worked from home20.2%

Other8.2%

Worked From Home

20.2%+12.2% YoY

Mean Commute

25.80-0.8% YoY

Done with 48376? Put it next to another market.