Housing in Troy, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$400,000
Median List Price
$399,900
Price Per Sq Ft
$201
Days on Market
41
Active Inventory
117
Months of Supply
2.1
Seller's market
Zillow Home Value
$440,080
ZHVI — January 2026
Zillow Rent Index
$1,785
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
23.2%
Off Market in 2 Weeks
42.4%
Sale-to-List Ratio
98.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
56
New Listings
55
Pending Sales
33
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$201
Median List $/SF
$234
Troy vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Troy is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$396,800
Median Rent
$1,557
Total Housing Units
34,997
Vacancy Rate
4.7%
Owner Occupied
74.2%
Renter Occupied
25.8%
Median Property Tax
$5,013
per year
Monthly Cost (w/ Mortgage)
$1,534
Housing Types
The current median sale price in Troy, MI is $400,000 according to Redfin data. Homes spend a median of 41 days on the market. 23.2% of homes sold above asking price. The market has 2.1 months of supply. The median price per square foot is $201. Zillow's observed rent index is $1,785/month. About 74.2% of housing units are owner-occupied. The median year homes were built is 1977. There are 34,997 total housing units.