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Northville

Learn about the people, housing, costs and businesses in Northville, Michigan

Median Home$503,100
Median Rent$1,760/month
Population6,069
Leading IndustriesArts, Food & Hospitality · Healthcare · Retail17% arts, food & hospitality
Home Value Growth⬆⬆+14.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners80% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableHigh Incomes$140k/year · top 5% nationally
Northville
MI

Frequently Asked Questions

What are today's mortgage rates in Northville?

As of today, the 30-year fixed mortgage rate for Northville is approximately 6.864% (6.899% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Northville?

The median home value in Northville is $503k. The median monthly rent is $1,760. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Northville?

Home values in Northville have increased 14.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Northville?

Based on a typical all-in ownership cost of $1,822/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Northville is $140k/year.

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What industries drive the economy in Northville?

The largest employment sectors in Northville are public administration (22%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.