Troy, MI housing market
The typical Troy home is worth about $459,000, up 2.2% in a year, 72% above the Michigan typical home. Homes typically sell in 14 days, a little above asking.
Home values, sales, trends and how Troy compares with the towns next door — updated as new data is published.
Troy at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Troy | Michigan |
|---|---|---|
| 2017 | $277,000 | $144,000 |
| 2018 | $294,000 | $155,000 |
| 2019 | $304,000 | $165,000 |
| 2020 | $315,000 | $175,000 |
| 2021 | $335,000 | $194,000 |
| 2022 | $374,000 | $217,000 |
| 2023 | $391,000 | $230,000 |
| 2024 | $415,000 | $241,000 |
| 2025 | $444,000 | $253,000 |
| 2026 | $456,000 | $262,000 |
| August 2026 | $459,000 | $266,000 |
Troy and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Troy | $459K | +2.2% | 14 | $120,045 |
| Birmingham | $749K | +6.5% | 16 | $153,510 |
| Royal Oak | — | — | 15 | $101,109 |
| Madison Heights | $220K | −1.3% | 13 | $69,503 |
| Sterling Heights | $309K | +1.4% | 12 | $79,909 |
| Clawson | $287K | +1.5% | 14 | $88,636 |
| Rochester Hills | $470K | +3.5% | 10 | $120,694 |
3.8 years of income
The typical Troy home costs about 3.8 years of the town's median household income, about the same as across Michigan (3.7).
How Troy ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.