What percentage of people rent in Novi, MI?

Name: Renters and owners in Novi, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

33.7% (±2.3 points) of the occupied homes in Novi, MI are rented (2020–2024 American Community Survey).

That is 9,043 renting households against 17,758 that own their home.

In Novi, the share of households that rent went from 33.3% in 2015–2019 to 33.7% in 2020–2024 (+0.4 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 33.7% (±2.3 points)
Renting households: 9,043 (±641)
Median renter income: $80,503 (±$4,056)

Who rents and who owns in Novi

Tenure, estimate (90% margin of error)
	Novi	Oakland County	Michigan	United States
Renter-occupied share	33.7% (±2.3 points)	27.3% (±0.4 points)	26.8% (±0.2 points)	34.8%
Renting households	9,043 (±641)	144,960 (±2,325)	1,092,179 (±7,674)	45,017,354
Owning households	17,758 (±816)	385,500 (±2,513)	2,984,190 (±12,886)	84,210,142
Average renter household size	2.1 (±0.1)	1.9 (±0.0)	2.1 (±0.0)	2.3
Average owner household size	2.7 (±0.1)	2.6 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$80,503 (±$4,056)	$59,047 (±$1,564)	$42,352 (±$376)	$52,966
Median owner household income	$139,748 (±$10,016)	$118,600 (±$1,461)	$87,130 (±$344)	$100,009

In Novi, the renter share is higher than in Oakland County (27.3%).

It is also higher than in Michigan (26.8%).

It is not measurably different from the national figure (34.8%).

In Oakland County, Novi ranks 14 of 50 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 154 of 1,520.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Novi has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	33.3% (±1.5 points)	33.7% (±2.3 points)	+0.4 percentage points	Not a measurable change
Median gross rent	$1,347 (±$47)	$1,747 (±$64)	+29.7%	Up after inflation
Median household income	$98,020 (±$4,829)	$110,723 (±$7,350)	+13.0%	Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Novi

Nearest places with a published estimate, compared with Novi
Place	Distance	Households that rent	Compared with this place
Novi	—	33.7% (±2.3 points)	—
Novi Township	1.5 mi	1.2% (±2.9 points)	Lower
Northville	2.9 mi	19.7% (±4.6 points)	Lower
Wixom	3.8 mi	57.5% (±2.5 points)	Higher
Walled Lake	4.1 mi	37.8% (±5.7 points)	Not measurably different
Northville Township	4.3 mi	21.7% (±3.2 points)	Lower
Wolverine Lake	5.2 mi	23.6% (±5.1 points)	Lower
Farmington	5.7 mi	38.3% (±4.5 points)	Not measurably different
Farmington Hills	5.7 mi	35.3% (±2.1 points)	Not measurably different

Nearby places with a measurably lower figure: Novi Township, MI (1.2%), Northville, MI (19.7%), Northville Township, MI (21.7%).

Nearby places with a measurably higher figure: Wixom, MI (57.5%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Oakland County, place by place

Rank	Place	Households that rent
8	Farmington	38.3% (±4.5 points)
9	Walled Lake	37.8% (±5.7 points)
10	Oak Park	36.7% (±4.1 points)
11	Farmington Hills	35.3% (±2.1 points)
12	Madison Heights	35.2% (±3.8 points)
13	Hazel Park	33.9% (±4.9 points)
14	Novi	33.7% (±2.3 points)
15	Ferndale	33.4% (±3.5 points)
16	Rochester	32.9% (±3.7 points)
17	Royal Oak	32.0% (±1.9 points)
18	Troy	26.7% (±1.5 points)
19	Clawson	24.6% (±3.4 points)
20	Waterford Charter Township	24.2% (±1.6 points)

Showing 13 of 50 places in Oakland County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Novi

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Novi, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Novi beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Novi, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Novi

How many renters are there in Novi?

Novi has an estimated 9,043 (±641) renting households, 33.7% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Novi?

In Novi, the share of households that rent went from 33.3% in 2015–2019 to 33.7% in 2020–2024 (+0.4 percentage points), not a measurable change.

How big are renting households in Novi?

A renting household in Novi has 2.1 people on average, against 2.7 in an owned home.

How much do renters earn in Novi?

The median renting household in Novi, MI has an income of $80,503 (±$4,056) a year, against $139,748 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Novi city, Michigan (place:59440, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.