Northville, MI—48168
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Northville, MI
Home Price Trends — Northville, MI
As of Oct '25, the median home price in Northville, MI is $637,000, with a year-over-year change of 6.1%. This indicates that home prices in Northville, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $637,000 | 6.1% |
| Single Family | $733,000 | 4.7% |
| Condos | $536,000 | 7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $406,000 | 5.5% |
3 Bed | $579,000 | 6.4% |
4 Bed | $803,000 | 4.4% |
| 5 Bed | $1,061,000 | 4.0% |
% of Housing Stock
Rental Trends — Northville, MI
As of July '25, Rentcast reports the average rent in Northville, MI is $2,820, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Northville, MI is 2-bedrooms: $2,220, 3-bedrooms: $3,320, 4-bedrooms: $4,180. The most common rental property sizes in Northville, MI are 4-bedroom and 2-bedroom, accounting for 42.9% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $2,220 |
| 3 Bed Rent | $3,200 | $3,320 |
| 4 Bed Rent | $4,350 | $4,180 |
% of Rental Stock
Property Listings — Northville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Northville, MI is 38. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $642,000 | -17.0% |
Listing Count | 77 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 38 | -42.0% |
Demographics — Northville, MI
As of the latest ACS Survey released in 2023, Northville, MI has a population of 25,000, which has increased by 12.1% over the past 5 years. Northville, MI is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 71.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | 12.1% |
% Under 18 | 24.2% | -4.7% |
% Seniors | 19.4% | 0.5% |
% WFH | 33.2% | 331.2% |
% w/ College Degree | 71.7% | 5.4% |
As of the latest ACS Survey released in 2023, Northville, MI is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Northville, MI is asian, making up 19.1% of the population. Foreign-born residents account for 20.1% of the population in Northville, MI, and this percentage has increased by 16.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.0% | -3.9% |
% Black | 2.6% | 8.3% |
% Hispanic | 3.7% | 2.8% |
% Asian | 19.1% | 13.7% |
% Foreign Born | 20.1% | 16.9% |
Mortgage and Risk — Northville, MI
According to HUD data as of 2023, there were 453 mortgage originations in Northville, MI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Northville, MI. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 453 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Northville, MI
Northville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,250 |
| 2 Bedroom | -$630 | $2,200 | $1,570 |
| 3 Bedroom | -$1,280 | $3,200 | $1,920 |
| 4 Bedroom | -$2,260 | $4,350 | $2,090 |
Affordability — Northville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $637,000 |
| Median Household Income | $174,000 |