The story of this market
The typical home in ZIP 48375 sells for about $510,000, or $241 per square foot.
Prices are up +7.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,847 a month.
ZIP 48375 — Novi
The 48375 housing market remains competitive with rising home values and steady demand. While specific figures for closed sales and inventory are limited, the market shows resilience driven by its desirable location and school district quality.
This ZIP is well-suited for families and professionals seeking a suburban environment with strong school access and convenient highway connectivity to major employment centers.
Median prices moved up 7.2% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 4.2% — a stable, low-distress profile.
ZCTA 48375, Oakland County MI
The area is served by the Novi Community School District, which is generally well-regarded for its academic performance and diverse student body.
The area benefits from proximity to major automotive and technology employers in the Detroit metro region, with ongoing commercial and residential development along the I-96 and Novi Road corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents typically commute via I-96 and I-275, providing direct access to the Detroit employment core and surrounding suburban business hubs.
The area features extensive access to local parks, including Lakeshore Park, and proximity to major shopping destinations like Twelve Oaks Mall.
The rental market shows steady demand with ongoing affordability pressures, reflecting a mix of multi-family developments and single-family rental inventory.
The local economy is anchored by the automotive, retail, and professional services sectors, with significant corporate presence in the Novi area.
Parcels are subject to standard municipal and school district levies, with potential special assessments for local infrastructure improvements.
Data sourced from Census Reporter and Data Commons.
- Dave & Buster's Livonia43.4 mi
- Round1 Bowling & Arcade - Auburn Hills4.117.7 mi
- The HUB Stadium & Restaurant, Auburn Hills4.416.8 mi
- Red Oaks Waterpark4.418.7 mi
- Urban Air Trampoline and Adventure Park3.69.1 mi
- Pine Knob Music Theatre4.619.3 mi
- Vibe Credit Union Showplace4.32.8 mi
- Topgolf4.217.9 mi
- SEA LIFE Michigan Aquarium4.317.9 mi
- Ford's Garage Dearborn4.615.8 mi
- Kensington Metropark4.710.5 mi
- Emagine Novi4.52.1 mi
- Emagine Canton4.610.5 mi
- Dave & Buster's Livonia43.4 mi
- MJR Westland Grand Cinema 164.410.1 mi
- Henry Ford Museum of American Innovation4.816.2 mi
- Greenfield Village4.816.2 mi
- Ann Arbor Hands-On Museum4.719.9 mi
- University of Michigan Museum of Natural History4.719.5 mi
- Cranbrook House & Gardens4.812.5 mi
- Kensington Metropark4.710.5 mi
- Glenlore Trails4.57.5 mi
- Maybury State Park4.84.9 mi
- Cranbrook House & Gardens4.812.5 mi
- Heritage Park4.73.7 mi
- Fox Hills Golf & Banquet Center4.610.4 mi
- Western Golf & Country Club4.69.5 mi
- Novi Putting Edge4.22.2 mi
- Lyon Oaks County Park and Golf Course4.36.8 mi
- Tanglewood Golf Course4.46.5 mi
- Twelve Oaks Mall4.41.6 mi
- Meijer4.22.6 mi
- One World Market - Novi4.70.8 mi
- Meijer48.9 mi
- Cantoro's Italian Market - Plymouth4.75.2 mi
- Detroit Metropolitan Wayne County Airport4.318.6 mi
- Windsor International Airport4.229.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large municipal park offering trails, beach access, and recreational facilities.
A major regional shopping center serving the Novi and surrounding communities.
Key-figure check: median price diverges 18.8% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $410,000 (19.6% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $410,000 (-18.8% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.