Property Prices in Novi, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.50 |
| Mortgage as Percentage of Income: | 22.58% |
| Loan Affordability Index: | 4.43 |
| Price to Rent Ratio - City Centre: | 9.46 |
| Price to Rent Ratio - Outside of Centre: | 9.11 |
| Gross Rental Yield (City Centre): | 10.57% |
| Gross Rental Yield (Outside of Centre): | 10.98% |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,716.67 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,246.67 $ | |
| Apartment (3 bedrooms) in City Centre | 2,900.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,133.33 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 320.00 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 225.00 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,872.80 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.63 |
These data are based on 25 entries from 7 contributors over the past 18 months.
Last update: 7 April 2025
Sources and References
Nearby Cities:| Property Prices in Farmington Hills, Michigan | 8.83 miles |
| Property Prices in Pontiac, Michigan | 18.43 miles |
| Property Prices in Hazel Park, Michigan | 21.40 miles |
| Property Prices in White Lake Township, Michigan | 23.47 miles |
| Property Prices in Ypsilanti, Michigan | 30.57 miles |
| Property Prices in Sterling Heights, Michigan | 31.18 miles |
| Property Prices in Troy, Michigan | 32.33 miles |
| Property Prices in Harper Woods, Michigan | 36.54 miles |
| Property Prices in Saint Clair (St Clair), Michigan | 68.89 miles |
| Property Prices in Millington, Michigan | 79.38 miles |
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