Median home value in zip code 48377 (Novi, MI) is $373K, up 2.9% year over year. Part of the Detroit-Warren-Dearborn, MI metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: Detroit-Warren-Dearborn, MI metro →

Home Value$372,945

YoY Change

+2.9%

AFFORDABILITY

Enter your income for 48377 (Novi).

Income (annual)

Down Payment

$74,589 on $372,945

Out of reach — 41.2% of income

Need $110,229/yr to afford.

PITI$2,572

P/I41.2%

Afford$254K

Gap-$119K

P&I $1,886Tax $553Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

48377 is part of the Detroit-Warren-Dearborn, MI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Detroit-Warren-Dearborn, MI analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free