HomeMichiganOakland CountyNovi
Novi, Michigan: commercial real estate data.
Novi is a Census city of 66,717 people across 30.24 square miles of land, in Oakland County. Median household income is $110,723, 66.3 percent of occupied homes are owned, and the SBA record carries 122 7(a) approvals to borrowers here worth $59.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Novi
What Novi is
- Census place typecity
- Land area30.24 sq mi
- Water area1.05 sq mi
- Population per square mile of land2,206
- County holding the largest share of its areaOakland County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Novi
How many people live in Novi
- Population66,717
- Median age40.0
- Population under 1815,625
- Share under 1823.4 percent
- Population 65 and over10,299
- Share 65 and over15.4 percent
- Households26,801
- Family households17,813
- Share of households that are families66.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Novi
Income and work in Novi
- Median household income$110,723
- Per capita income$62,114
- Civilian labor force35,272
- Employed33,772
- Unemployed1,500 plus or minus 468
- Unemployment rate4.3 percent plus or minus 1.3
- Adults 25 and over46,619
- Adults 25 and over with a high school diploma or higher96.6 percent
- Adults 25 and over with a bachelor degree or higher64.1 percent
- Adults 25 and over with a graduate degree30.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Novi
Housing in Novi
- Housing units28,351
- Occupied units26,801
- Vacant units1,550 plus or minus 357
- Vacancy rate5.5 percent plus or minus 1.3
- Owner occupied17,758
- Renter occupied9,043
- Ownership rate66.3 percent
- Median owner-occupied home value$421,900
- Median gross rent, monthly$1,747
- Annual rent as a share of median income18.9 percent
- Single family units17,596
- Share single family62.1 percent
- Units in buildings of two or more8,783
- Share in buildings of two or more31.0 percent
- Mobile homes1,972
- Median year structure built1993
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Novi
How Novi gets to work
- Workers 16 and over who commute25,899
- Commuting under 15 minutes6,383
- Share commuting under 15 minutes24.6 percent
- Commuting 30 minutes or more10,485
- Share commuting 30 minutes or more40.5 percent
- Drove alone70.8 percent
- Carpooled4.6 percent plus or minus 1.1
- Public transport0.5 percent plus or minus 0.5
- Walked0.5 percent plus or minus 0.3
- Worked from home22.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Novi
SBA loans in Novi (7(a))
- Approvals122
- Gross approval$59,210,000
- Average approval$485,328
- Median approval$150,000
- Ninetieth percentile approval$1,347,500
- Largest approval$4,600,100
- Jobs supported1,196
- Jobs per approval9.8
- Loans with a final outcome13
- Paid in full13
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more9.8 percent
- Share to franchises17.2 percent
- Distinct lenders40
- Distinct industries by NAICS66
Counted by borrower city: approvals to borrowers whose address is in Novi, in any county, FY2020 to FY2026. Only 13 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Novi
SBA loans in Novi (504)
- Approvals22
- Gross approval$29,324,000
- Average approval$1,332,909
- Median approval$638,500
- Largest approval$4,893,000
- Jobs supported376
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Novi, in any county, FY2010 to FY2026. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Novi
Flood risk in Novi
- NFIP communityCity of Novi
- NFIP community number260175
- Participating in the NFIPYes
- Community Rating System classClass 7
- Currently effective map date09/29/06
The City of Novi participates in the National Flood Insurance Program as community 260175 and carries Community Rating System class 7, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Oakland County, not Novi
Oakland County context, not Novi figures
- Establishments in Oakland County39,792
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Housing units permitted, Oakland County2,886
Every figure in this section is published for Oakland County as a whole and is not a measurement of Novi.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Novi questions, answered from the record.
How many people live in Novi, Michigan?
66,717, in 26,801 households. Novi city covers 30.24 square miles of land, which is 2,206 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Novi in?
Oakland County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Novi?
$110,723. The median owner-occupied home is valued at $421,900. Median gross rent is $1,747 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Novi businesses?
122 7(a) approvals totaling $59.2 m since FY2020, across 40 lenders, median approval $150,000, plus 22 504 approvals worth $29.3 m since FY2010. These count approvals to borrowers whose address is in Novi, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Novi borrowers get paid back?
No rate is published for Novi. Only 13 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Novi in the National Flood Insurance Program?
Yes. Novi appears in the FEMA Community Status Book as Novi, city of, community 260175, carrying Community Rating System class 7, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Novi figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Oakland County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Novi.
Is zoning published for Novi?
No. Nothing on this page presents parcel level zoning.