Home Value Estimator For Novi, MI
There are currently 17,296 real estate properties
in Novi, MI,
with a median automated valuation model (AVM) price
of $501,657.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Novi, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Novi, MI,
is $564,650.00, with the most expensive house
in Novi, MI, topping out
at $57,898,086.00 and the cheapest home
in Novi, MI,
clocking in at $15,088.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Novi, MI!
Rent Prices
In Novi, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Novi, MI, is on
a rollercoaster ride. The
average rent price in Novi, MI,
is $2,259.00. Indeed, when looking to rent in
Novi, MI, you can expect to pay as little
as $840.00 or as much
as $4,300.00,
with the average rent median estimated to
be $2,220.00. The good news is that finding
an affordable and desirable property to rent in Novi, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
