Novelty is located in north Missouri. Novelty is part of Knox County. Novelty has 0.28 square miles of land area and has no water area. As of 2010-2014, the total Novelty population is 163, which has grown 36.97% since 2000. The population growth rate is much higher than the state average rate of 7.74% and is much higher than the national average rate of 11.61%. Novelty median household income is $29,375 in 2010-2014 and has has shrunk by 0.70% since 2000. The income growth rate is much lower than the state average rate of 25.91% and is much lower than the national average rate of 27.36%. Novelty median house value is $50,000 in 2010-2014 and has shrunk by -70.07% since 2000. The house value growth rate is higher than the state average rate of 52.06% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Novelty is better than the state average in quality. The Novelty area code is 660.