All Countries
Troy, MI
Full City Profile · Michigan · Oakland County County
3.9
/5.0
B+
Good
87,307
Population
2,610/sq mi density
$119,299
Median Income
$56,542 per capita
$396,800
Home Value
$447,005 Zillow
$1,557
Median Rent
25.9% income on rent
51°F
Avg Temperature
252 sunny days/yr
79
Violent Crime/100K
1,230 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$119,299 median income, 2.7% unemployment
A+
Affordability
4.8 / 5.0
$396,800 home value, $1,557/mo rent
F
Safety
1.0 / 5.0
79 violent crimes/100K
A+
Education
5.0 / 5.0
64.1% bachelor's degree or higher
Housing Overview
Median Home Value
$396,800
41% above
US avg: $281,900
Median Rent
$1,557/mo
34% above
US avg: $1,163/mo
Homeownership Rate
74.2%
13% above US avg (65.4%)
Total Housing Units
34,691
Median year built: 1977
Home Value by Source
Census Median
$396,800
Zillow (ZHVI)
$447,005
Median Sale Price
$404,500
Median List Price
$399,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.2%
Owner-Occupied
25.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,557/mo
· Zillow rent:
$1,875/mo
Market Indicators (Redfin)
Median Days on Market
19 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
40
Price Drops
16.2%
of listings with price reduction
Price Per Sq Ft
$227
Active Inventory
111
homes for sale
Affordability & Housing Stock
Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
74.2%
Complete Housing Data
Home Values
| Census Median Value | $396,800 |
| Zillow Home Value (ZHVI) | $447,005 |
| Median Sale Price | $404,500 |
| Median List Price | $399,000 |
| Price Per Sq Ft | $227 |
Rent
| Census Median Rent | $1,557 |
| Zillow Rent (ZORI) | $1,875 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 19 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.2% |
| Homes Sold | 40 |
| Active Inventory | 111 |
| Price Per Sq Ft | $227 |
Ownership & Stock
| Owner-Occupied | 74.2% |
| Renter-Occupied | 25.8% |
| Homeownership Rate | 74.2% |
| Total Housing Units | 34,691 |
| Median Year Built | 1977 |
| Rent Burden | 25.9% |