City Guide
Troy, MI
Overview
Troy, MI, is known for being the largest city in Oakland County. There are around 84,054 people, so moving to Troy offers the benefit of small-city living with the perks of a larger city. Countless facts make the city special, one of which is the annual celebration of the Greek community at Opa! Fest. Additionally, The Lloyd A. Stage Nature Center is home to nearly 100 acres of trails, forests, and meadows to explore.
What’s it like to live in Troy, MI ?
If you're looking to buy a home for sale in Troy, MI you'll find that the median sale price is
$430,400
and homes stay on the market for 38 days.
When comparing property types, median sale prices vary. The median sale price of a single family home in Troy is $485,000
. Troy area condo/co-ops have a median sale price of $354,000
, making them less expensive than single family homes If you’re not ready to buy a home, consider one of the many apartments for rent in Troy, MIExplore our Troy housing market page for insights about how home values have changed over
the years and how Troy home prices compare to other markets. Explore our Troy rental market trends page for insights about how rental prices have changed and how Troy rental prices compare to other rental markets. If you're curious about the most valuable home features in Troy, or looking for a new home improvement project,
discover what home features and design trends may help increase your home's value.
Popular neighborhoods in and around Troy
| Neighborhood | Median Sale Price | Compete Score | Walk Score | Real Estate |
|---|---|---|---|---|
| The Village at Midtown Square | $351,000 | -- | -- | For SaleFor Rent |
| Eton | $429,500 | -- | -- | For SaleFor Rent |
| The Transit Center | $370,000 | -- | 60 / 100 | For SaleFor Rent |
| Rochester Road | $405,000 | 87 / 100 | 44 / 100 | For SaleFor Rent |
| Downtown Troy | $510,219 | -- | -- | For SaleFor Rent |
Popular homes for sale in Troy
See all homes for sale
Rental listings in Troy
See how much rent you can affordSee all rental listings
What is the cost of living in Troy?
The cost of living in Troy is 6% higher than the national average. Housing is typically the largest expense for most American households. In Troy, the average monthly rent is $1,872, while the median home price is $501,000. Overall, housing in Troy is 16% higher than the national average. Groceries, like produce, dry goods, and other essential household items, cost 1% higher in Troy. Though healthcare costs 11% higher in Troy compared to the national average, costs vary greatly by location, person, personal health, and health insurance. In Troy, an optometry check-up costs around $107.54, while a dentist appointment is $130.52 on average. Learn more about the cost of living in Troy. Discover how utilities, transportation, and lifestyle, compares against the national average.
Compared to the national average
6%
Cost of living
16%
Home prices
Cost of living calculator
Compare cities across the U.S.
What is there to do in Troy, MI ?
Troy, MI is home to many attractions like watching the sunset at one of its many parks, to enjoying a bite to eat at local restaurants. While living in Troy, make sure to visit some of the well-known museums like Troy Museum & Historic Village and the Troy Museum. There's a vibrant arts scene, with performing arts venues like Lloyd R. Stage Nature Center and Ridgedale Players. For outdoor recreation, make sure to check out Firefighters Park, Brinston Park, and Jaycee Park. For a bite to eat, visit The Melting Pot Restaurants, El Patio Mexican Restaurant, and Maple Leaf Family Restaurant for a small taste of what this city has to offer.
Explore some of the best things to do in Troy
What's the best way to get around Troy, MI ?
The best way to get around Troy is by car, but there are many methods for getting around the city. If you’re exploring the city by foot, Troy has a walk score of 29, meaning this area is car dependent. Most bus stations and rail stations are located in 48084. You can also get around Troy by bike. With a bike score of 41, there is a minimal amount of infrastructure for biking.
Car-Dependent
Walk Score®
Somewhat Bikeable
Bike Score®
Troy Transportation
Bus Station
Buses can be found throughout the city and are easily accessible to commute in the city.
Rail Station
Troy has 1 heavy rail station; Troy Transit Center. This means you might be able to use heavy rail to commute or travel, depending on where you live and where you want to go.
Tram Station
Our data indicates this city does not have this transportation type.
Metro Station
Our data indicates this city does not have this transportation type.
Car & Bike Rentals
Renting a car is another good way to get around the city. There are 9 car rental locations.
Airports
Troy has 1 airport which allows you to easily travel.
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