Troy, MI—48083
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$366,000
2.8% YoY Growth
Household Income
$88,600
19.0% YoY Growth
Days on Market
40
41.0% Longer YoY
Home Price Forecast
0.2%
Median Rent
$2,300
13.9% YoY Growth
1-Bed Rent
$1,030
26.2% YoY Growth
2-Bed Rent
$1,800
12.7% YoY Growth
3-Bed Rent
$2,350
3.0% YoY Growth
Home Price Trends — Troy, MI
As of May '26, the median home price in Troy, MI is $366,000, with a year-over-year change of 2.8%. This indicates that home prices in Troy, MI are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $366,000 | 2.8% |
| Single Family | $373,000 | 2.8% |
| Condos | $236,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |