Novi Overview

Incorporated in the year 1969 the city of Novi is located in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. Novi is one of the fastest-growing cities in Michigan. This growth has led to substantial increases in the city's population, as well as commercial and industrial developments in the city. The city of Novi is well known for its cultural diversity and offers the residents with some world class amenities which includes excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development. Novi includes four public school districts including Novi Community Schools, Northville Public Schools, South Lyon Community Schools and Walled Lake Consolidated Schools. The city has witnessed an economic development in recent times and has unparalleled access and proximity to health care, technology, and automotive industry headquarters. The city of Novi is a friendly, dynamic, and prosperous place in which to reside and do business.

Novi Real Estate

Novi currently stands at a population count of around 54,105 people, as found out by a recent survey, which also shows and determines the fact that there has been head count growth of around 14.18 percent since the year 2000. The city’s population density stands at around 1,775 people per square mile. The cost of living in Novi is 8.11 percent which is higher than the average cost of living in the US. Affordable as the place is in itself, the median home value of Novi stands at $388,800 along with a home appreciation rate of -7.63 percent and the median age of real estate standing at 18 years. Almost 27.23 percent of the population of Novi is constituted by renters. People who are thinking of relocating to Novi would be interested to know that almost 4.70 percent of the houses and apartments are unoccupied and vacant. 68.50 percent of homes in Novi are owned by individuals

How to rent or buy in Novi

Novi offers as a city offers unique combination of a scenic hometown beauty at an affordable price. Any individual relocating will have a choice of either buying a proper house or for that matter taking it on rent. The easiest and the best way being, hiring an experienced real estate agent who knows in and out of the city Novi. It would save you from all the hassles of negotiations and at the same time ensure that you get the best deals at the best price with no trouble at all.

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