Signals
Troy
Novi
Opportunity
78 · Top 10%
vs78 · Top 9%
Growth
43 · Bottom 37%
vs41 · Bottom 34%
Climate
63 · Bottom 28%
vs61 · Bottom 16%
Physical resilience
94 · Top 5%
vs94 · Top 6%
Housing affordability
94 · Top 21%
vs89 · Top 34%
Schools
84 · Top 9%
vs86 · Top 7%
Access
87 · Bottom 34%
vs93 · Top 47%
Economic stability
73 · Top 22%
vs72 · Top 25%
Measured values
| Metric | Troy | Novi | Source period |
|---|---|---|---|
| Population | 87,898 | 66,717 | 2024 ACS 5-Year |
| Median household income | $120,045 | $110,723 | 2024 ACS 5-Year |
| Per capita income | $58,119 | $62,114 | 2024 ACS 5-Year |
| Population density | 2,628/sq mi | 2,206/sq mi | 2024 ACS 5-Year |
| Median home value | $420,300 | $421,900 | 2024 ACS 5-Year |
| Median gross rent | $1,602 | $1,747 | 2024 ACS 5-Year |
| Homeownership rate | 73.3% | 66.3% | 2024 ACS 5-Year |
| Unemployment rate | 3.9% | 3.7% | June 2026 |
| Employment change (year over year) | 1.2% | 1.2% | June 2026 |
| Bachelor's degree or higher | 64.8% | 64.1% | 2024 ACS 5-Year |
| Poverty rate | 5.4% | 5.4% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 150 | 68 | 12 months ending July 2026 |
| Permits per 1,000 residents | 1.7 | 1.0 | 12 months ending July 2026 |
| Permit change (year over year) | -37.2% | -44.7% | 12 months ending July 2026 |
| Average July high | 84°F | 82°F | 1991-2020 Normals |
| Average January low | 20°F | 17°F | 1991-2020 Normals |
| Annual precipitation | 29.9" | 29.2" | 1991-2020 Normals |
| Distance to major airport | 28 mi | 20 mi | NASR current cycle |
| Average commute | 25.8 min | 28.6 min | 2024 ACS 5-Year |
| Median age | 42.0 | 40.0 | 2024 ACS 5-Year |
| Public schools | 24 | 18 | 2024-25 school year |
| Students per teacher | 16.56 | 16.66 | 2024-25 school year |
| Math proficiency | 62.1% | 71.4% | 2019-20 school year |
| Reading proficiency | 72.3% | 72.7% | 2019-20 school year |
| Free or reduced-price lunch eligibility | 15.6% | 11.8% | 2024-25 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Full profiles: Troy, MI · Novi, MI · How this is calculated: methodology