Zip 48085 (Troy, MI) Housing

Troy, MI (48085) is a great place to purchase a house given its current median value of $382,600. This is significantly higher than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while Troy, MI has seen an appreciation rate of 7.58%. As a result, buyers could find themselves in a strong position when looking to purchase a home here in Troy.

The median home cost in Troy (zip 48085) is $382,600. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Troy (zip 48085) is up 10.8%.

Average Age of Homes

- The median age of Troy (zip 48085) real estate is 41 years old

The Rental Market in Troy (zip 48085)

- Renters make up 8.4% of the Troy (zip 48085) population
- 0.9% of houses and apartments in Troy (zip 48085), 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
	9,325.0	139,647,020.0
	45	42
	$382,600	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$13.92	$10.98
	$4,505	$2,690
	89.6%	57.4%
	2.3%	11.2%
	8.1%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.3%	2.4%
	0.7%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	1.6%	11.3%
	3.4%	13.0%
	35.1%	20.1%
	35.7%	13.6%
	14.6%	8.3%
	7.4%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	14.1%	13.6%
	5.8%	13.2%
	45.4%	14.8%
	14.1%	13.6%
	4.5%	10.0%
	1.5%	4.7%
	3.7%	12.2%

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