What is the median home price in Troy, MI?

The median home value in Troy, MI is approximately $396,800, with median rent around $1,557/mo (U.S. Census ACS). Troy is in Oakland County.

What is the cost of living like in Troy, MI?

Troy has a median household income near $119,299 against a median home value of $396,800 and median rent of $1,557/mo. Michigan's state income tax is 4.25% and effective property tax runs around 1.48%.

Can I use Remote Prop View in Troy, MI?

Yes. Remote Prop View's market data, demographics, and scam-aware research tools work nationwide. Our deep property search, comparable sales, and TruReport verification packet currently focus on the Dallas-Fort Worth, TX metro.

Troy, MI Real Estate

Troy is a city in Oakland County, Michigan with a population of about 87,307. The median home value is near $396,800, and median rent runs around $1,557/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value

$396,800

Median Rent

$1,557/mo

Population

87,307

Median Income

$119,299

Median Age

42.2

Homeownership

74.2%

Monthly payment on a median Troy home

Example for a $396,800 home: 20% down, 30-yr at ~6.75%, MI property tax ~1.48%, 0.4% insurance.

Est. monthly (PITI)

$2,681

Principal & interest

$2,059

Property tax / mo

$489

Down payment (20%)

$79,360

Troy at a glance

32.7% of residents 25+ hold a bachelor's degree or higher.
74.2% of occupied homes are owner-occupied.
Median household income is $119,299.
Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other Michigan cities

Detroit →Grand Rapids →Warren →Sterling Heights →Ann Arbor →Lansing →

Research your move with Remote Prop View

Market data and scam-aware research work nationwide. Deep property search and TruReport verification are live for Dallas-Fort Worth.

See plans More Michigan cities