Troy, MI Housing Statistics

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79%

Med. Home Val. NAT. AVG.

31%

Rent NAT. AVG.

17%

Owner Occ. NAT. AVG.

Troy Housing Information

Index	Troy	Michigan	National
Median home price	$583,101	$235,809	$326,622
Median rent asked	$1,885	$1,222	$1,444
Avg. people per household	2.5	2.5	2.6
Owner occupied households	74.5%	70.8%	63.6%
Renter occupied households	25.5%	29.2%	36.4%

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Homes For Sale In Troy, MI

933 Kirts Blvd

Troy, MI

56 Evaline Dr

Troy, MI

4790 Belzair Dr

Troy, MI

2196 Niagara Dr

Troy, MI

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Housing Quick Facts

The median home price in Troy is 79% higher than the national average.
The median rent asked in Troy is 31% higher than the national average.
The average number of people per household in Troy is 5% lower than the national average.
The number of owner occupied households in Troy is 17% higher than the national average.
The number of renter occupied households in Troy is 30% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Highland Park, MI	11,056	$92,164	72%
Hamtramck, MI	22,199	$129,651	60%
Pontiac, MI	61,764	$133,714	59%
Eastpointe, MI	33,089	$148,402	55%
Hazel Park, MI	16,845	$154,808	53%
Troy, MI	87,197	$583,101	79%

Cities with similar population

	Population	Home Price	National Avg.
Bloomington, MN	87,234	$470,890	44%
Hemet, CA	87,279	$388,382	19%
Redwood City, CA	87,093	$2,528,731	674%
Johns Creek, GA	87,090	$742,892	127%
Clifton, NJ	87,331	$634,035	94%
Troy, MI	87,197	$583,101	79%

Source: The Troy, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.