Housing in Troy, Michigan
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| Median Home Age | 34.7 | 35.1 |
| Median Home Cost | $187,400 | $153,800 |
| Home Appreciation | 3.03% | 1.62% |
| Homes Owned | 70.89% | 57.69% |
| Housing Vacant | 6.70% | 11.38% |
| Homes Rented | 22.41% | 30.93% |
| Property Tax Rate | $13.73 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 0.77% | 2.72% |
| $20,000 to $39,999 | 0.51% | 4.03% |
| $40,000 to $59,999 | 0.95% | 5.58% |
| $60,000 to $79,999 | 2.64% | 7.09% |
| $80,000 to $99,999 | 5.64% | 8.80% |
| $100,000 to $149,999 | 27.25% | 21.26% |
| $150,000 to $199,999 | 28.25% | 14.87% |
| $200,000 to $299,999 | 23.83% | 16.82% |
| $300,000 to $399,999 | 6.78% | 7.83% |
| $400,000 to $499,999 | 1.36% | 4.04% |
| $500,000 to $749,999 | 1.79% | 4.05% |
| $750,000 to $999,999 | 0.22% | 1.26% |
| $1,000,000 or more | 0.00% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 5.68% | 13.71% |
| 1995 to 1998 | 13.09% | 14.31% |
| 1990 to 1994 | 13.09% | 14.31% |
| 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 $187,400. Home appreciation is 3.03% over the last year. The median age of Troy, MI, real estate is 35 years.
Troy, MI Apartments and Rentals
Renters make up 22.41% of the Troy, MI, population. 6.70% 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
