Novi vs Ann Arbor: Housing
| Novi | Ann Arbor | |
|---|---|---|
| Median Home Value | $421,900 | $453,400 |
| Median Gross Rent | $1,747/mo | $1,649/mo |
| Homeownership Rate | 66.3% | 45.5% |
| Rent as Share of Income | 18.9% | 24.1% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.