Look past the headlines and the numbers start talking. The Census puts the median rent as a share of renter income in Novi at 26.3%.
That is 5% below the Oakland County figure of 27.8%.
Where Novi stands
Among 55 communities in Oakland County, Novi has the 40th highest figure, above 28% of them. The middle figure in that group is 27.5%, so Novi sits below the typical one.
The range runs from 14.4% in Huntington Woods to 51.0% in Bingham Farms. The highest figures in the group belong to Bingham Farms (51.0%), Oxford (51.0%), and White Lake (49.2%).
Across all 191 Metro Detroit communities, Novi ranks 134th.
Next door
Northville nearby comes in at 22.3%, 15% lower. Northville Township nearby comes in at 20.1%, 24% lower.
Farmington Hills nearby comes in at 26.6%, about the same. West Bloomfield nearby comes in at 33.1%, 26% higher.
Related numbers
For median property tax bill, Novi comes in at $5,770 a year. For property taxes as a share of home value, Novi comes in at 1.37%.
For median monthly housing costs, Novi comes in at $1,674 a month.
What it means for you
So what does that mean for you?
Housing counselors treat 30% of income as the line where rent starts to squeeze everything else.
How we read the numbers
The figure is the U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. Ranks compare Novi with the 55 communities in Oakland County that have the same figure on file, highest first.
Next door, compared
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Novi 26.3%
This page
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Northville 22.3%
Wayne County
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Northville Township 20.1%
Wayne County
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Farmington Hills 26.6%
Oakland County
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West Bloomfield 33.1%
Oakland County
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Wixom 25.8%
Oakland County
Sources
Editor In Chief, Detroit Ledger
Victoria Jackson is a lifelong student and sharp-eyed documentarian of all things Detroit, from its rich musical roots and cultural icons to its shifting neighborhoods, storied architecture, and underground legends.