Align Lending

Oakland County, Michigan

Mortgage Broker in Novi, MI

A Novi home can carry a Northville mailing address, pay one of four school districts' millage and be filed as a condominium even when it is a detached house, so Samantha starts from the parcel and compares loans from multiple wholesale lenders.

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Buying a home in Novi

Western Novi is the master-planned side of an Oakland County city of about 67,700 residents. Along the I-96, I-275 and M-5 corridor it is home to ITC Holdings, automotive supplier Cooper Standard and Ascension Providence Park Hospital. About half of Novi's homes are in the Novi Community School District, and the rest are split among the Walled Lake, Northville and South Lyon districts. Retail and events anchor the east side at Twelve Oaks Mall and the Suburban Collection Showplace expo center. At Align Lending we finance across this market, from first homes to new construction.

By the numbers

Novi housing and mortgage snapshot

Values move. Treat these as orientation and let us pull current figures for the address you are considering.

$475,000

Typical home value, from the market research on this page

+32%

Typical rise in taxable value the year after a home sells, 2026 Uncapping Study

1.37%

Property tax current owners pay, as a share of value. A buyer's bill can reset higher the year after a sale

4

Residential ZIP codes: 48374, 48375, 48376, 48377

What financing looks like in Novi

Over the three months ending September 2026, Novi's median sale on Redfin was about $504,000, up about 7% on a year earlier, and a typical home went under contract in about 23 days at close to its asking price. The city assessor's own list of 1,610 residential sales from April 2023 through December 2025 puts the median at $460,000, with the middle half between $315,000 and $655,000. That spread is the story here. A 1970s condo near Haggerty Road and a new house on Eight Mile are both Novi, so the loan has to fit the home, not the city's average.

Most Novi purchases fit a conventional loan under the 2026 conforming limit of $832,750, and FHA works up to $541,287. Only a loan above the conforming limit is a jumbo, so even among the 99 sales on the assessor's list at $1,000,000 or more, the amount borrowed decides it, not the price. First-time buyers within MSHDA's income limits can add the MI 10K to a MI Home Loan: a no-interest second loan of $10,000 that comes due when the home is sold or refinanced, the mortgage is paid off, or you stop living there, with a $566,355 cap on the price.

Two Novi details reach the loan file. First, 931 of those 1,610 sales, and 84 of the 99 at $1,000,000 or more, are filed under the assessor's condominium class, because many subdivisions here were recorded as Oakland County condominium plans. For a detached unit like these, Fannie Mae does not review the condominium project at all. An attached townhome or condo is judged together with its association, so the lender will want the association's budget, its reserve figures and the master insurance policy. Second, the Census counts about 1,970 manufactured homes in Novi. They follow their own loan rules, so tell us at the start if that is what you are buying.

About one Novi home in thirteen has a Northville 48167 mailing address, and the City of Novi still assesses and taxes every one of them.

Sub-markets

Novi housing market by ZIP code

Three ZIP codes, 48374, 48375 and 48377, lie entirely inside Novi, and Northville's 48167 reaches into the south side, where the Census Bureau's 2020 block counts place about 2,180 Novi homes, roughly one in thirteen. Prices are Redfin's ZIP-wide medians for the three months ending September 2026, and owner values are the Census Bureau's five-year estimates ending 2024.

ZIP 48374, near $677,000

The west side, from Taft Road out to Napier Road and from about Twelve Mile south to Eight Mile: Island Lake, the 1980s plans around Yorkshire Place and Roma Ridge, and the large lots near Maybury State Park. All of it is in Novi. Of its roughly 6,030 homes in 2020, about 3,740 were in Novi Community Schools, 1,240 in South Lyon and 1,050 in Northville. Redfin's median ran about $677,000, down about 2% on a year earlier, and the Census owner median is $577,700, typical home from 2000. Named areas: Island Lake, Yorkshire Place, Roma Ridge and Briarwood, Royal Crown, Bradford and Bellagio.

ZIP 48375, near $417,000

East and central Novi from Taft Road to Haggerty Road, between Eight Mile and about Eleven Mile: the Civic Center, Main Street, Meadowbrook Lake and the 1970s condo plans near Haggerty. It holds about 9,650 homes, roughly 9,110 in Novi Community Schools and 540 in Northville Public Schools. Redfin's median was about $417,000, down about 4%, with homes selling in about 20 days, and the Census owner median $376,900, typical home from 1982. Named areas: Main Street and Meadowbrook Glens, Cedarspring, Jamestowne and Taft Road, Village Wood Lake and Brookfarm Park.

ZIP 48376, near $475,000

Novi as a whole. The typical value on this page, about $475,000, comes from spring 2026 market research. Redfin's citywide median for the three months ending September 2026 was about $504,000, up about 7% on a year earlier, and the city assessor's 1,610 residential sales from April 2023 through December 2025 had a median of $460,000.

ZIP 48377, near $385,000

The north end up to Fourteen Mile: Walled Lake's south shore, Twelve Oaks Mall, Tollgate Farm, Liberty Park and the condominium plans at Fourteen Mile and Haggerty. About 10,000 homes, roughly 8,680 in Walled Lake Consolidated Schools and 1,320 in Novi Community Schools, and about a third in buildings of five or more units. Redfin's median ran about $385,000, down about 6%, with homes taking about 29 days, and the Census owner median $350,600, typical home from 2001. Named areas: Walled Lake's south shore and Bristol Corners, Liberty Park and Carlton Forest, Fourteen Mile, Haggerty and Twelve Oaks.

Address, schools and taxes

Where Novi's ZIP codes and school districts cross

Counts are 2020 Census housing units by block, placed with the Census Bureau's ZIP code and school district boundaries. A mailing address does not decide the school district or the government that taxes a home. The parcel record does.

48377: mostly Walled Lake schools

About 8,680 of the ZIP's 10,000 homes are in Walled Lake Consolidated Schools. The other 1,320, mostly around Liberty Park and Carlton Forest, are in Novi Community Schools.

48375: Novi schools with a Northville corner

About 9,110 homes are in Novi Community Schools and 540 in Northville Public Schools, the latter in Dunbarton Pines and Mystic Forest west of Novi Road.

48374: three districts

About 3,740 homes are in Novi Community Schools, 1,240 in South Lyon Community Schools near Napier Road and 1,050 in Northville Public Schools in the southwest.

48167 inside Novi: Northville mail, Novi taxes

About 2,180 Novi homes, roughly 1,185 in Northville Public Schools (Connemara Hills, North Hills Estates, Bellagio) and 1,000 in Novi Community Schools (the Country Place and Glen Haven condos).

Novi Township: a separate pocket

About 58 homes in 2020, in the Brookland Farms subdivision inside the city's borders, still governed as Novi Township. Northville Public Schools and Northville addresses, with a 2025 homestead total of 27.56 mills, or 29.56 with the township's special assessment.

Where to look

Novi neighborhoods

Walled Lake's south shore and Bristol Corners

Lots along East Lake Drive, Lakeshore Park and Pavilion Shore Park on Walled Lake, little Shawood Lake, and Bristol Corners toward Beck Road, mostly in Walled Lake Consolidated Schools. On the assessor's list, ten lakefront sales on Walled Lake and Shawood Lake had a median near $592,000, Bristol Corners' 20 houses near $710,000 and the South Pointe condos near $184,000. The lake's Census tract shows owner values near $458,000 and a typical home from 1999, and the tract around Bristol Corners is about three fifths apartments.

Liberty Park and Carlton Forest

Between Novi Road and Taft Road below Thirteen Mile, condominium plans built from 2000 on: the Townes at Liberty Park (31 sales, median near $285,000), Carlton Forest (25, near $325,000), Liberty Park's own plan near $601,000 and Dixon Meadows, built from 2019, near $772,000. This pocket is in Novi Community Schools even though it shares 48377 with the Walled Lake schools side.

Fourteen Mile, Haggerty and Twelve Oaks

The northeast corner, with Twelve Oaks Mall and MSU's Tollgate Farm. Condominium plans make up most sales: the Maple Hills, Maple Pointe, Maple Greens and Maple Heights plans near Fourteen Mile had 97 sales at a median near $325,000, Lennox Park near $432,500, Vista Hills near $560,000 and Tollgate Woods near $675,000. Walled Lake Consolidated Schools. The two Census tracts here count about 960 manufactured homes, which their owner medians, about $296,000 and $388,000 (the second with a wide margin), include.

Main Street and Meadowbrook Glens

Between Novi Road and Haggerty Road from Ten Mile toward Grand River: Meadowbrook Glens' 1970s houses (39 sales, median near $400,000), the Townes at Main Street, built in 2024 (near $545,000), Gateway Townhomes (near $455,000) and the 1973 Olde Orchard and Applegate condos (44 sales near $220,000). Bishop Creek and Courter Ditch cross it. Novi Community Schools. Owner values near $304,500, typical home from 1986, with about half of homes owner-occupied.

Cedarspring, Jamestowne and Taft Road

North of Ten Mile between Novi Road and Taft Road: Cedarspring (13 sales, median near $459,000) and Jamestowne (12, near $442,500), both from the mid 1980s, Churchill Crossing near $782,000 and Emerson Park, built from 2019, near $535,000. Novi Community Schools. The Census tract shows owner values near $448,900, about nine homes in ten owner-occupied, and about 350 manufactured homes counted in that median.

Village Wood Lake and Brookfarm Park

Between Meadowbrook and Haggerty from Nine Mile to Ten Mile, around Village Wood Lake Park and Brookfarm Park. Its typical home dates from 1975, earlier than any other tract in Novi. Willowbrook Estates' 1950s houses sold near $325,000 (34 sales), Heatherwood near $400,000 and Fairfield Farms near $375,000, and the Lakewood Park Homes and Stonehenge condos (101 sales) near $180,000 and $205,000. Novi Community Schools. Owner values near $277,800.

Civic Center, Meadowbrook Lake and Dunbarton Pines

Nine Mile to Ten Mile from Meadowbrook to Taft, with the Civic Center, the library, Novi High School, Fuerst Park and Ella Mae Power Park. Meadowbrook Lake and Orchard Hills date from the 1960s, Ridgeview of Novi from 2018 (19 sales near $650,000), Dunbarton Pines from the 1980s (31, near $570,000) and Mystic Forest from the 1990s (near $667,000). Dunbarton Pines and Mystic Forest are in Northville Public Schools. Owner values near $520,800. Novi Township's Brookland Farms pocket sits inside this area.

Chase Farms and Country Place

Eight Mile to Nine Mile between Novi Road and Haggerty, around Rotary Park, with Ingersol Creek running through. Country Place condos from 1978 (70 sales, median near $242,500), Crosswinds West (near $250,000), Whispering Meadows (29, near $460,000) and Chase Farms (29, near $740,000). All Novi Community Schools, yet Country Place and the blocks nearest Eight Mile use Northville 48167 addresses. Owner values near $391,300 with a wide margin, and three homes in ten attached.

Connemara Hills and North Hills Estates

Between Taft Road and Novi Road just north of the City of Northville: houses from the early 1970s on Northville 48167 addresses, Connemara Hills (13 sales, median near $460,000) and North Hills Estates (12, near $519,000). Northville Public Schools, with Thornton Creek crossing. Census owner values near $443,600, typical home from 1976, about three quarters detached houses.

Island Lake

The west side between Beck and Napier roads around Island Lake, with Wildlife Woods Park and Bosco Fields. Built mostly after 2000 as condominium plans: 83 Island Lake sales had a median near $821,000, from the Arbors near $478,000 to the Orchards near $940,000. Knightsbridge Gate (near $529,000) and Andelina Ridge (near $645,500) are in South Lyon Community Schools, most of the rest in Novi Community Schools. Owner values near $533,200, typical home from 2008, and about 600 manufactured homes in the tract.

Yorkshire Place, Roma Ridge and Briarwood

Ten Mile to Eleven Mile between Taft and Beck, south of Grand River Avenue and the Suburban Collection Showplace: subdivisions from the late 1980s and early 1990s. Yorkshire Place sold near $562,500, Roma Ridge near $600,000, Simmons Orchard near $450,000, Briarwood near $465,000 and Waldon Woods near $752,500, 100 sales in all at a median near $505,000. Novi Community Schools. Owner values near $506,100, about 85% detached houses.

Royal Crown, Bradford and Bellagio

The southwest, Eight Mile to Ten Mile from Taft to Napier, with the ITC Community Sports Park and Maybury State Park across Eight Mile. Royal Crown (20 sales near $710,500), Bradford (near $820,500) and Autumn Park (near $910,000) date from about 1989 to 1998, Parc Vista and Ballantyne were new in 2024 (30 sales near $1,477,000), and Bellagio, Maybury Park and Tuscany Reserve had 23 sales near $1,995,000. Mostly Northville Public Schools, with Broadmoor Park and Addington in Novi Community Schools. About 99% owner-occupied, owner values near $701,300.

Schools and commute

Schools

By the Census Bureau's 2020 school district lines and block counts, about 54% of Novi's homes are in the Novi Community School District, 31% in Walled Lake Consolidated Schools, 10% in Northville Public Schools and 4% in South Lyon Community Schools. Walled Lake covers most of the 48377 ZIP code on the north side, Northville much of the southwest and the Eight Mile edge west of Novi Road, and South Lyon the west edge of Island Lake near Napier Road. The district changes the bill. Michigan Treasury's 2025 homestead totals inside the city were 36.32 mills with Novi Community Schools, 34.52 with Northville, 34.16 with South Lyon and 32.04 with Walled Lake, a spread of about $428 a year on each $100,000 of taxable value. Homes in Northville's part also pay the Wayne County RESA and Schoolcraft College levies in place of Oakland Schools and Oakland Community College, even though they sit in Oakland County. Which school serves an address is each district's call, so confirm it with the district before you write an offer.

Commute

I-96 crosses Novi along Grand River Avenue and meets I-275 and M-5 at the city's east edge, with Eight Mile, Ten Mile and Twelve Mile carrying most east and west traffic. From the Civic Center on Ten Mile, routing puts downtown Ann Arbor about 23 miles and 32 minutes away outside rush hour, Detroit Metro Airport about 27 miles and 36 minutes, Big Beaver Road in Troy about 25 miles and 39 minutes, and downtown Detroit about 31 miles and 41 minutes. Twelve Oaks Mall and Ascension Providence's Novi hospital on Grand River are each about five minutes away. The city's 2025 financial report lists Ascension Providence as its largest employer, about 2,400 jobs, followed by Harman, the Novi Community School District, ITC Holdings and Ryder, with Yanfeng, Hanon, Lineage Logistics and Magna also on its list. The Census puts the average commute near 26 minutes, with more than one worker in five working from home (Census Reporter).

Michigan property taxes

Novi property taxes after you buy

The year after a Michigan home sells, its taxable value resets to half of the assessor's market value, so the seller's tax bill is not your tax bill.

In the City of Novi, our 2026 Uncapping Study found taxable value typically rises about 32% the year after a sale. On a $475,000 home, near the typical Novi value, that is roughly $1,950 more in first-year tax at the local median homestead millage. We build your payment on that post-sale number.

Looking at a Novi address? Our Michigan property tax calculator finds that property's published 2025 millage and works out the tax to plan for after you buy.

In Samantha's words

I'd much rather somebody ask me, "Why are your taxes higher than what I'm seeing online?" than have them build a housing budget around the wrong assumption.

2025 millage by district

Four school districts, four Novi tax rates

Homestead totals inside the City of Novi from Michigan Treasury's 2025 rate report, with the July and December split from the city's own rate sheet. A mill is a dollar of tax per $1,000 of taxable value, and the city's summer bill is due August 31, the winter bill February 14.

Novi Community Schools: 36.32 mills

About 54% of Novi homes. Roughly $3,632 a year for each $100,000 of taxable value, 29.66 mills of it on the July bill.

Northville Public Schools: 34.52 mills

About 10% of homes. Pays Wayne County RESA (5.38 mills) and Schoolcraft College (2.27) in place of Oakland Schools (3.13) and Oakland Community College (1.47).

South Lyon Community Schools: 34.16 mills

About 4% of homes, on the Island Lake side near Napier Road. 32.08 of the 34.16 mills are billed in July.

Walled Lake Consolidated: 32.04 mills

About 31% of homes. About $428 a year less than Novi Community Schools on each $100,000 of taxable value, with 29.96 mills on the July bill.

Without the homestead exemption: 53.31 mills

The Novi Community Schools rate for a second home or rental. About $1,700 more a year per $100,000 of taxable value than a homestead pays.

Next door, the same districts

Wixom with Novi Community Schools carried 40.10 mills, the City of Walled Lake 41.00 and the Oakland County side of the City of Northville 39.97. The City of Novi's own levy is 10.54 mills.

Local resources

Check Novi records yourself

The official offices behind the tax and school details on this page.

Checklist

Six things to confirm on a Novi house

Settle these while the offer can still change.

  • The parcel, not the address. A Novi, Northville or Walled Lake mailing address can belong to the City of Novi or to the Novi Township pocket. The Assessing Department, 248-347-0485, confirms the unit, the school district and the current taxable value.
  • Flood maps. Lots near Walled Lake, Shawood Lake, Island Lake and the Middle Rouge branches are the ones most likely to be mapped. The city's floodplain page explains the free determination from Community Development, 248-347-0415.
  • Lake assessments. Parcels near Walled Lake can carry the Walled Lake Improvement Board weed control assessment through 2029, listed parcel by parcel on its assessment roll.
  • Trees and woodlands. If you plan to build, add on or clear a yard, check the regulated woodland map before you buy.
  • The final water read. Novi bills water and sewer every quarter. The seller, agent or title company asks for a final meter read at 248-347-0440, at least a week ahead, as the city's water billing FAQ explains.
  • Two forms after closing. The Property Transfer Affidavit is due to the assessor within 45 days, and the Principal Residence Exemption by June 1 for the summer bill or November 1 for the winter bill.

Neighborhood prices on this page are the city assessor's medians, which trail the market by months, and tract values are survey estimates with real error, so we pull fresh sales for any address you are serious about.

What our clients say

5.0 on Google across 128 reviews

★★★★★
Want to shout out Samantha for the expert guidance, made my first-time homebuyer experience seamless! It exceeded expectations and was a stress free process throughout. Grateful for all your help and loving my new home in Bloomfield Hills!
MichaelJuly 2026
★★★★★
Samantha Shelton is amazing!! She helped me get into my first home in Ferndale. The closing process was easy I was able to take care of everything without taking a day off of work. Being a first time homebuyer was stressful but she provided clear communication and true experience guidance throughout the entire process
Jeffery HolleyFebruary 2026
★★★★★
Can’t say enough great things about Samantha and her team at Align Lending! Highly recommend
Justin BartonJune 2024
★★★★★
As a first-time homebuyer in Ferndale, I was unsure of some things. Samantha was awesome. She was extremely helpful and made sure I understood every part of the process.
Peter RosaAugust 2026

Individual experiences. Results vary.

Novi mortgage questions

If yours is not here, ask it on the call. There are no dumb questions.

My listing says Northville 48167. Could the home be in Novi?

Yes. By the Census Bureau’s 2020 block counts about 2,180 Novi homes use Northville’s 48167 ZIP code, among them the Country Place condos, Connemara Hills, North Hills Estates and Bellagio. The City of Novi assesses and taxes those homes, so the Property Transfer Affidavit and the Principal Residence Exemption go to Novi’s assessor, 248-347-0485, and the tax bills come from the Novi Treasurer. One more wrinkle: about 58 homes in the Brookland Farms subdivision, inside Novi’s borders, are still governed as Novi Township, with their own 2025 homestead total of 27.56 mills. We check the parcel number before anything else.

The parcel decides, not the ZIP code. About 54% of Novi homes are in Novi Community Schools, 31% in Walled Lake Consolidated (most of 48377), 10% in Northville Public Schools and 4% in South Lyon Community Schools. Treasury’s 2025 homestead totals in the city were 36.32 mills with Novi schools, 34.52 with Northville, 34.16 with South Lyon and 32.04 with Walled Lake. On a home with $250,000 of taxable value, the gap between the first and the last is about $1,070 a year.

Redfin put the citywide median at about $504,000 for July through September 2026, up about 7% on a year earlier. By ZIP code it ran about $677,000 in 48374, $417,000 in 48375 and $385,000 in 48377. The city assessor’s 1,610 residential sales from April 2023 through December 2025 had a median of $460,000, from 1970s condos near $180,000 to new homes above $1,400,000. The Census owner estimate, $421,900, measures what owners thought their homes were worth across 2020 to 2024, and the $475,000 typical value on this page comes from spring 2026 market research.

Because most of the levy is on it. In Novi Community Schools, 29.66 of the 36.32 homestead mills were billed in July 2025, about 82%, including the city’s 10.54 mills, and in Walled Lake Consolidated it was 29.96 of 32.04. Summer bills are due August 31 and winter bills February 14. If you escrow, the amount collected at closing depends on where your closing date falls against that August bill.

For most addresses, no, but look before you offer. Our sample of FEMA’s flood map puts about 9% of the area inside city limits in the high-risk zone, much of it the water of Walled Lake, Shawood Lake and Island Lake and the banks of the Walled Lake Branch of the Middle Rouge, Bishop Creek, Thornton Creek and Ingersol Creek. Only about 1.5% of homes sit on Census blocks whose center falls in that zone. FEMA requires flood insurance on homes in that zone with a government-backed loan, and the city’s Community Development Department, 248-347-0415, gives free floodplain determinations.

The Walled Lake Improvement Board, a separate public agency, pays for weed control on the lake through a special assessment district, SAD 185 in Novi. For 2025 through 2029 it covers 629 Novi parcels. A full lakefront unit is $1,030.39 over five years, about $206 a year, and many off-lake parcels with lake access carry a tenth or a fifth of a unit, about $21 or $41 a year. Ask the title company to show any balance on the parcel.

Often not much. Many Novi subdivisions were recorded as condominium plans, so the assessor files more than half of all residential sales, and 84 of the 99 sales at $1,000,000 or more, as condominiums, Island Lake, Bellagio and Maybury Park included. On a conventional loan, Fannie Mae skips the project review for a detached unit, and FHA and VA each have their own condominium rules. Attached townhomes are where the association’s finances matter, so we ask for its budget, reserves and master policy right after the offer is accepted.

Sometimes only with a permit. Novi’s Woodland Protection Ordinance protects every tree 8 inches across or more at chest height inside a mapped regulated woodland, and any tree 36 inches or more outside one. A protected tree can still come down, but it must be replaced, up to four trees for one, or paid for through the city’s Tree Fund. If you plan an addition, a pool or a cleared yard, check the woodlands map for the parcel before you buy.

Talk with a local mortgage expert

Tell Samantha what you are trying to do in Novi and she will tell you what actually matters for your situation, including whether the timing is right.

  1. 1

    Tell us what you are trying to do

    Not what product you want. What you are actually trying to accomplish.

  2. 2

    Samantha looks at your situation

    She works out what matters most for you specifically.

  3. 3

    You leave with a plan

    Your options, the tradeoffs, and your next step. No obligation to go further.

Align Lending LLC, NMLS #2041154. Samantha Shelton, NMLS 1647301. Equal Housing Opportunity. Licensed in Michigan, Ohio, North Carolina, Florida, Louisiana and Texas. Figures on this page are market research for orientation, not a quote. This page is for educational purposes only. It is not a credit decision, a preapproval, a commitment to lend, or an offer of credit.

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