Housing in Troy, Michigan
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Housing - Updated September, 2011
| Median Home Age | 34.7 | 35.1 |
| Median Home Cost | $241,800 | $175,100 |
| Home Appreciation | -3.71% | -3.15% |
| Homes Owned | 74.88% | 59.90% |
| Housing Vacant | 4.14% | 10.37% |
| Homes Rented | 20.98% | 29.73% |
| Property Tax Rate | $13.73 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 0.68% | 2.65% |
| $20,000 to $39,999 | 0.28% | 3.76% |
| $40,000 to $59,999 | 0.32% | 4.99% |
| $60,000 to $79,999 | 0.80% | 6.01% |
| $80,000 to $99,999 | 1.55% | 7.27% |
| $100,000 to $149,999 | 11.49% | 19.24% |
| $150,000 to $199,999 | 22.17% | 14.67% |
| $200,000 to $299,999 | 37.37% | 18.09% |
| $300,000 to $399,999 | 14.64% | 9.14% |
| $400,000 to $499,999 | 6.37% | 4.94% |
| $500,000 to $749,999 | 3.36% | 5.42% |
| $750,000 to $999,999 | 0.84% | 2.03% |
| $1,000,000 or more | 0.14% | 1.77% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 5.68% | 13.71% |
| 1995 to 1998 | 5.99% | 8.54% |
| 1990 to 1994 | 7.10% | 5.77% |
| 1980 to 1989 | 14.21% | 13.87% |
| 1970 to 1979 | 37.47% | 16.17% |
| 1960 to 1969 | 16.19% | 11.70% |
| 1950 to 1959 | 8.64% | 11.08% |
| 1940 to 1949 | 2.36% | 6.02% |
| 1939 or Earlier | 2.37% | 13.15% |
The median home value in Troy, MI, is $241,800. Home appreciation is -3.71% over the last year. The median age of Troy, MI, real estate is 35 years.
Troy, MI Apartments and Rentals
Renters make up 20.98% of the Troy, MI, population. 4.14% of houses and apartments in Troy, MI, are unoccupied (vacancy rate).
Troy Housing SperlingViews
Great schools: Troy is great because of it's wonderful schools and diverse population. It lacks a downtown and plisse for families to... (read more)Great schools: Troy is great because of it's wonderful schools and diverse population. It lacks a downtown and plisse for families to... (read more)A great place to live: Troy is a great place to live. It benefits from being part of metropolitan Detroit (pro sports, symphony, the Henry Ford, the Detroit Zoo). It is a well run city that... (read more)Have an opinion about Troy? Leave a commentTo See All SperlingViews for Troy Click Here
