Novi, MI

Population: 58,416
Average annual home appreciation rate: 13.42%
Total of homes for sale in this market: 91
Median home price: $301,182
Median Rent: $1,213
Home price range: 23.98% of homes are between $255,001 – $383,000
Median sales price: $297,000
Number of homes: 111
Median foreclosure sales price: $210,338
Foreclosure discount: 29.2%
Most common home type: 49.89% of homes are single family detached
Number of vacant homes: 5.90%
Number of renters: 34.56%
Number of owner occupied: 65.44%
Number people living below poverty level: 5.61%
Unemployment rate: 3.40%
Is this area perfect for real estate deals going on right now? Positive appreciation rates make this area a great place to get involved in real estate.

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