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AREA INFORMATION

48374 (Novi, MI)

Explore the real estate in 48374 (Novi, MI)

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Area Highlights

48374 (Novi, MI) residents have a median age of 38.7 years old, with employment highest in the healthcare practitioners and administrative support industries.

18,032 Population

5,869 Households

$175,851 /yr
Median Household Income

$676,050
Median Home Sale Price

27m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

38.7 Median Age

Average Household Size

3.1
persons per
household

77.1%

Married Households

Community Population By Education

Graduate Degree 39%
Bachelors Degree 33%
Some College 12%
High School Graduate 8%
Associates Degree 6%
Some High School 2%

Household Family Expenses vs National Average

49.4% of households have children

Area Schools

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Economics

$175,851 /yr
Median Household Income
$676,050
Median Sales Price
27 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 87%
  • Work from Home 13%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 5,154 85%
Rented 715 12%
Vacant 173 3%

White vs Blue Collar Jobs







White Collar 90%
Blue Collar 10%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

Community Population By Ethnicity

White 54%
Asian 33%
Black 4%
Hispanic 4%
Other 1%
Native American <1%

Crime & Pollution

Crime vs National Average

Pollution vs National Average

Weather

83° July
Hottest Average Month
16° January
Coldest Average Month

Severe Weather

Average Temperature by Month

Low (°F)
High (°F)
Jan
16°
30°
Feb
17°
33°
Mar
25°
43°
Apr
36°
57°
May
47°
69°
Jun
56°
78°
Jul
61°
83°
Aug
59°
81°
Sep
52°
73°
Oct
41°
61°
Nov
31°
46°
Dec
21°
34°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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