Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.8 yrs |
|---|---|
| Avg HH Size | 2.55 |
| Below Poverty | 4.6% ▼ 54% below avg |
| College Grads | 69.5% ▲ 79% above avg |
| Unemployment | 3.5% ▼ 28% below avg |
| No HS Diploma | 408 (1%) |
| HS Graduate | 5,270 (12.9%) |
| Some College | 2,535 (6.2%) |
| Associates | 4,355 (10.7%) |
| Bachelors | 3,435 (8.4%) |
| Graduate Degree | 24,833 (60.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $124,389 ▲ 63% above avg |
|---|---|
| Median Home Value | $402,170 ▲ 44% above avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $2,019/mo |
| Total Housing Units | 26,024 |
| Vacant Units | 1,392 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Novi is a city in Michigan, located in Oakland County. The city spans 4 ZIP codes and is home to approximately 61,530 residents. It is a middle-aged city, with a median age of 39.81 years.
Economically, Novi is a upper-middle-income community. The median household income of $124,388 is significantly above the national average. Approximately 4.6% of residents live below the poverty line. The unemployment rate is 3.5%, below the national average.
The real estate market in Novi is a premium housing market. Median home values stand at $402,170, which is above the national average. Renters typically pay around $2,019 per month. Homeownership is high at 70.2%, typical of suburban and family-oriented communities.
The population of Novi is highly educated. 69.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (56.35%).
Novi, MI offers residents above-average earning potential within Michigan. Spread across 4 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.