Above, you'll find an overview of the real estate market in Troy, MI. Generally, real estate in the Troy, MI area is less affordable in Michigan, as the median price of a home in Troy, MI is $247,200, which is 93% higher than the Michigan average. The median rental price in Troy, MI is $1,069. This is 34% higher than the average rental price in Michigan. Home owners comprise 72.9% of the population of Troy, MI, where an average of 2.5 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Troy, MI. Below, you can search for real estate listings in Troy, MI using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.