48377, Novi, MI

Novi, MI is located in the 48377 zip code. The median home value in this zip code is $236,000. The home equity in this zip code is $128,000. This means that the homeownership rate in this zip code is 54%. Novi has a population of about 36,000 people and there are about 2,500 homes in this zip code.

The average mortgage rate for a home in Novi is 4.5%. The average price of a home sold in Novi during the past year was $269,900. Approximately 57% of homes sold in Novi during the past year were purchased by individuals who live outside of Novi and 43% were purchased by individuals who live within Novi.