HomeMichiganOakland CountyNovi city
Novi city, Michigan: commercial real estate data.
Novi city 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.
82 sourced place values · tier FULL · 9 sections · 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$1,348,000
- Largest approval$4,600,100
- Jobs supported1,196
- Jobs per approval9.8
- Loans with a final outcome13
- Paid in full13
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- 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
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$657,000
- Largest approval$4,893,000
- Jobs supported376
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Novi
Flood risk in Novi
- Listed NFIP communities2
- Of those, participating1
- Best Community Rating System classClass 7
- NFIP community number260175
- Currently effective map date09/29/06
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Oakland County, not Novi
Oakland County context, not Novi figures
These are Oakland County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Novi measurements.
- Establishments in Oakland County39,792
- Employment at those establishments, Oakland County733,671
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Average weekly wage, Oakland County$1,498
- Housing units permitted, Oakland County2,886
- Of those, single family, Oakland County1,870
- County product, 2024, Oakland County$143,144,361,000
- County product change over the prior year, Oakland County3.7 percent
- Average income of an arriving household, Oakland County$85,214
Every figure in this section is published for Oakland County as a whole and is not a measurement of Novi. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $59.2 m, across 40 lenders, median approval $150,000, plus 22 504 approvals worth $29.3 m. 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?
Of the 13 loans that have reached a final outcome, 13 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Novi in the National Flood Insurance Program?
Yes. Novi appears in the FEMA Community Status Book as community 260175, carrying Community Rating System class 7, which is a premium discount for exceeding the programme 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.