Novi city: Median Gross Rent Trend
How Novi city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,227
2023
$1,696
Total change
+$469
% change
+38.2%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,227 | — |
| 2019 | $1,347 | +$120 (9.8%) |
| 2020 | $1,352 | +$5 (0.4%) |
| 2021 | $1,428 | +$76 (5.6%) |
| 2022 | $1,584 | +$156 (10.9%) |
| 2023 | $1,696 | +$112 (7.1%) |