Zip 48084 (Troy, MI) Housing

The housing market in Troy, MI (zip code 48084) is strong with a median value of $386,100. This is significantly higher than the US house median value of $338,100. The appreciation rate for housing in Troy is 7.58% over the past year, which is slightly lower than the US appreciation rate of 8.27%. Despite this slight difference in appreciation rates, the housing market in Troy appears to remain relatively stable and strong compared to other areas of the country.

The median home cost in Troy (zip 48084) is $386,100. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Troy (zip 48084) is up 10.8%.

Average Age of Homes

- The median age of Troy (zip 48084) real estate is 44 years old

The Rental Market in Troy (zip 48084)

- Renters make up 45.3% of the Troy (zip 48084) population
- 2.3% of houses and apartments in Troy (zip 48084), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Troy, Michigan	United States
	7,098.0	139,647,020.0
	48	42
	$386,100	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$12.97	$10.98
	$4,726	$2,690
	47.7%	57.4%
	6.4%	11.2%
	45.9%	31.4%
Vacant Housing
	2.3%	1.9%
	1.7%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.1%	2.4%
	0.9%	2.8%
	0.0%	3.9%
	0.8%	4.5%
	3.6%	11.3%
	8.2%	13.0%
	14.9%	20.1%
	31.3%	13.6%
	22.8%	8.3%
	13.0%	9.7%
	3.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.0%	13.6%
	6.0%	13.6%
	12.3%	13.6%
	9.4%	13.2%
	28.1%	14.8%
	12.3%	13.6%
	9.9%	10.0%
	1.8%	4.7%
	1.9%	12.2%

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