48374 — Novi, MI Home Values
Typical home value $689,567 as of June 2026 · 5th of 217 in Detroit-Warren-Dearborn, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48374, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48374 compares in the Detroit-Warren-Dearborn, MI area
ZIP code 48374 (Novi, MI) has a typical home value of $689,567 as of June 2026, ranking 5th of 217 ZIP codes tracked in the Detroit-Warren-Dearborn, MI area, more expensive than about 98% of ZIP codes in the metro. Prices here have moved +3.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +27.9%, from $539,300 in June 2021 to $689,567 in June 2026. Against observed rent, the typical home here sells for 20.5× the annual rent ($2,805/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Detroit-Warren-Dearborn, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Detroit.
Population and demographics
ZIP code 48374 has a population of 17,828, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 63.8% White, 25.3% Asian, 4.1% Black or African American, 3.4% Hispanic or Latino, 2.7% two or more races, 0.4% American Indian or Alaska Native, and 0.4% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Novi Middle School | 49000 W 11 MILE RD, NOVI, MI | 0.8 mi |
| Deerfield Elementary School | 26500 WIXOM RD, NOVI, MI | 0.9 mi |
| Parkview Elementary School | 45825 W 11 MILE RD, NOVI, MI | 1.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48374?
$689,567 as of June 2026, the latest month Zillow has published observed data for.
Is 48374 an expensive ZIP code in the Detroit-Warren-Dearborn, MI area?
48374 ranks 5th of 217 ZIP codes in the Detroit-Warren-Dearborn, MI area by typical home value, more expensive than about 98% of ZIP codes in the metro.
How much have home values in 48374 changed over the past year?
+3.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48374?
The typical home price is 20.5× the observed annual rent in this ZIP code ($2,805/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48374?
17,828, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48374?
Novi Middle School (0.8 mi), Deerfield Elementary School (0.9 mi), Parkview Elementary School (1.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48374?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Detroit-Warren-Dearborn, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.