Troy, MI—48098
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$560,000
3.4% YoY Growth
Household Income
$166,000
33.5% YoY Growth
Days on Market
38
8.0% Shorter YoY
Home Price Forecast
1.9%
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 Nov '25, the median home price in Troy, MI is $560,000, with a year-over-year change of 3.4%. This indicates that home prices in Troy, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $560,000 | 3.4% |
| Single Family | $593,000 | 3.0% |
| Condos | $291,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |