Troy, MI—48098
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$595,000
3.3% YoY Growth
Household Income
$166,000
33.5% YoY Growth
Days on Market
43
22.0% Longer YoY
Home Price Forecast
0.2%
Median Rent
$2,800
2.3% YoY Growth
1-Bed Rent
$1,270
N/A
2-Bed Rent
$2,400
30.1% YoY Growth
3-Bed Rent
$2,600
5.0% YoY Growth
Home Price Trends — Troy, MI
As of May '26, the median home price in Troy, MI is $595,000, with a year-over-year change of 3.3%. 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 | $595,000 | 3.3% |
| Single Family | $629,000 | 3.3% |
| Condos | $305,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |