Novi is a beautiful city in the Oakland County of Michigan. Located just 8 miles of Detroit and 16 miles of Ann Arbor, Novi is a suburb of Metropolitan Detroit and is known for its Twelve Oak Mall, outstanding schools, and a highly welcoming community. The city takes great pride in its safe surrounding, high-quality educational facilities, top-notch public services, and continued development. Besides, the city is also home to the largest privately-owned Conference, Convention, and Exhibition Center in Michigan, playing host to a variety of events year-round.
Ranked as the 7th best place to live in Michigan, Novi is constituted by 11 neighborhoods and is the 27th largest community in Michigan. It has consistently ranked highly in terms of education, public services, job market, and overall quality of life. The city’s schools are considered to be some of the best across the state and students are even allowed to work with the local government.
Besides, the city offers many socializing opportunities to its residents. Every week, Novi’s residents gather for a group bike ride at a park adjacent to Walled Lake, a gorgeous tourist attraction in its own right. Today, the community of Novi is one of the fastest-growing in Michigan and is home to more than 1,600 businesses, stores, and retail chains.
The city offers all the modern-day urban amenities and is home to a thriving community. Its relatively affluent community has many luxury shopping malls at its disposal, including the famous Twelve Oak Mall that features a movie theater, an indoor trampoline park, and a facility to hit wooden targets with solid axes. The establishment of Twelve Oak Mall has made Novi a major shopping destination in Metropolitan Detroit, and, since the 80s, the city has experienced significant commercial and industrial development led by strong economic growth.
Real estate in Novi has shown an average growth of 1.38% per year since the year 2000. Besides, since 2000, the prices of homes in Novi have appreciated by 33.24%. The Novi housing market is considered to be very competitive. The sale dollar per square foot in Novi has shown a growth of more than 3.6% in March 2021 from the same month last year.
The median home price in Novi is $423,900. Currently, there are 121 active homes for sale in Novi, and normally it takes 51 days for a listed home to get off the market. Moreover, the average cost to rent a house in Novi is $1,977 per month. At present, there are 23,471 homes and apartments in the city, 66.3% of which are owned, and the remaining 33.7% are rented.
Novi’s economy has seen continued growth and diversification since the city has become a major shopping destination of Metropolitan Detroit. More than 60 businesses based in Japan and at least 14 businesses based in Germany call Novi home in the United States.
The city is overwhelmingly inhabited by white-collar professionals who make 90.3% of Novi’s employed workforce. Besides, the city’s unemployment rate of 2.8% is one of the lowest across the nation.
On average, a Novi resident earns around $44,800 per annum, substantially higher than the US average of $28500. The city’s median household income of almost $80,300 per resident is also much greater than the US average of approximately $54000. Most of the residents of Novi work in manufacturing, retail, finance, education, professional and technical services, and healthcare.
Just as for other major cities of Michigan, one of the most fascinating things about Novi is its top-quality educational facilities. The city is covered by 4 school districts, with Novi Community School District being the city’s major school district that encompasses 12 schools and currently has 6,694 enrolled students. Besides, Novi High School has frequently ranked as one of the top ten schools in Michigan.
The city of Novi is also handsomely covered when it comes to higher education. Within just thirty miles, the residents of Novi have access to America’s best public university – the University of Michigan. Besides, other prominent colleges and universities near Novi include the prestigious Eastern Michigan University, Wayne State University, Schoolcraft College, and Henry Ford College.
To sum up, Novi is a safe, pleasant city with a relatively affluent community that enjoys high standards of living. Its educational facilities and opulent shopping centers make it stand out among its neighboring suburbs. If you are thinking about moving to Michigan, Novi could be an excellent place to settle in.
What is the community of Novi like?
Ranked as the 7th best place to live in Michigan, Novi is constituted by 11 neighborhoods and is the 27th largest community in Michigan. It has consistently ranked highly in terms of education, public services, job market, and overall quality of life. The city’s schools are considered to be some of the best across the state and students are even allowed to work with the local government.
Besides, the city offers many socializing opportunities to its residents. Every week, Novi’s residents gather for a group bike ride at a park adjacent to Walled Lake, a gorgeous tourist attraction in its own right. Today, the community of Novi is one of the fastest-growing in Michigan and is home to more than 1,600 businesses, stores, and retail chains.
The city offers all the modern-day urban amenities and is home to a thriving community. Its relatively affluent community has many luxury shopping malls at its disposal, including the famous Twelve Oak Mall that features a movie theater, an indoor trampoline park, and a facility to hit wooden targets with solid axes. The establishment of Twelve Oak Mall has made Novi a major shopping destination in Metropolitan Detroit, and, since the 80s, the city has experienced significant commercial and industrial development led by strong economic growth.
What is Real Estate like in Novi?
Real estate in Novi has shown an average growth of 1.38% per year since the year 2000. Besides, since 2000, the prices of homes in Novi have appreciated by 33.24%. The Novi housing market is considered to be very competitive. The sale dollar per square foot in Novi has shown a growth of more than 3.6% in March 2021 from the same month last year.
The median home price in Novi is $423,900. Currently, there are 121 active homes for sale in Novi, and normally it takes 51 days for a listed home to get off the market. Moreover, the average cost to rent a house in Novi is $1,977 per month. At present, there are 23,471 homes and apartments in the city, 66.3% of which are owned, and the remaining 33.7% are rented.
How is the economic landscape of Novi?
Novi’s economy has seen continued growth and diversification since the city has become a major shopping destination of Metropolitan Detroit. More than 60 businesses based in Japan and at least 14 businesses based in Germany call Novi home in the United States.
The city is overwhelmingly inhabited by white-collar professionals who make 90.3% of Novi’s employed workforce. Besides, the city’s unemployment rate of 2.8% is one of the lowest across the nation.
On average, a Novi resident earns around $44,800 per annum, substantially higher than the US average of $28500. The city’s median household income of almost $80,300 per resident is also much greater than the US average of approximately $54000. Most of the residents of Novi work in manufacturing, retail, finance, education, professional and technical services, and healthcare.
How are the schools like in Novi?
Just as for other major cities of Michigan, one of the most fascinating things about Novi is its top-quality educational facilities. The city is covered by 4 school districts, with Novi Community School District being the city’s major school district that encompasses 12 schools and currently has 6,694 enrolled students. Besides, Novi High School has frequently ranked as one of the top ten schools in Michigan.
The city of Novi is also handsomely covered when it comes to higher education. Within just thirty miles, the residents of Novi have access to America’s best public university – the University of Michigan. Besides, other prominent colleges and universities near Novi include the prestigious Eastern Michigan University, Wayne State University, Schoolcraft College, and Henry Ford College.
Novi in a nutshell
To sum up, Novi is a safe, pleasant city with a relatively affluent community that enjoys high standards of living. Its educational facilities and opulent shopping centers make it stand out among its neighboring suburbs. If you are thinking about moving to Michigan, Novi could be an excellent place to settle in.