New Troy, MI is an attractive place to live when it comes to housing. The median value of housing in New Troy is $180,500, which is significantly lower than the US median value of $338,100. This makes New Troy more budget-friendly for those who are house hunting. Additionally, the 1 year appreciation rate of housing in New Troy is 11.06%, which is higher than the US appreciation rate of 8.27%. This suggests that investing in housing in New Troy could be a profitable venture. With relatively low costs and high returns on investment, New Troy could be a great choice for anyone looking to purchase or invest in a home.
The median home cost in New Troy is $180,500. Home appreciation the last 10 years has been 85.3%. Home Appreciation in New Troy is up 19.5%.
Average Age of Homes
- The median age of New Troy real estate is 58 years old
The Rental Market in New Troy
- Renters make up 21.2% of the New Troy population
- 0.0% of houses and apartments in New Troy, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.