House Prices

House Prices & Home Values Troy, MI 2026


Average Data

average house price$362,981
average size per house1932 ft²
average price per ft²188 $ / ft²

06/10/2026 - The value range (VR) for house prices in Troy, MI is $178/ sqft to $210/ sqft. An average home with 1932 sqft costs approximately $343,896 to $405,720. Troy, MI includes 4 ZIP codes and it is located in Oakland county. The lowest prices are found in ZIP 48085, while the highest are in ZIP 48084. The average price per sqare feet is $188. Our analysis is based on 67 property listings.

Avergage prices by ZIP codes Troy

48083175 $ / ft²
48084194 $ / ft²
48085176 $ / ft²
48098217 $ / ft²




Historical development of home values in Troy

Year Estimated value (USD) Change vs. 2025
2010 $168,575 -53.6%
2011 $162,056 -55.4%
2012 $161,620 -55.5%
2013 $167,661 -53.8%
2014 $175,998 -51.5%
2015 $185,030 -49.0%
2016 $194,687 -46.4%
2017 $205,195 -43.5%
2018 $216,539 -40.3%
2019 $226,579 -37.6%
2020 $238,292 -34.4%
2021 $271,032 -25.3%
2022 $315,962 -13.0%
2023 $333,197 -8.2%
2024 $352,473 -2.9%
2025 $362,981 0.0%

Graph: estimated home values in Troy over time (USD)



Example: 100% financing house in Troy

Loan amount: $362,981

Interest rate: 6.00%

Fixed monthly payment: $2,176.25

Breakdown in the 1st month:
Interest portion: $1,814.91  –  Principal portion: $361.35

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $21,657.60 $4,457.45 $358,523.55
2 $21,382.68 $4,732.37 $353,791.18
3 $21,090.80 $5,024.26 $348,766.92
4 $20,780.91 $5,334.14 $343,432.78
5 $20,451.91 $5,663.14 $337,769.63
6 $20,102.62 $6,012.43 $331,757.20
7 $19,731.79 $6,383.26 $325,373.94
8 $19,338.08 $6,776.97 $318,596.97
9 $18,920.09 $7,194.96 $311,402.01
10 $18,476.33 $7,638.73 $303,763.28
11 $18,005.19 $8,109.87 $295,653.41
12 $17,504.99 $8,610.07 $287,043.35
13 $16,973.94 $9,141.12 $277,902.23
14 $16,410.13 $9,704.92 $268,197.31
15 $15,811.55 $10,303.50 $257,893.81
16 $15,176.06 $10,939.00 $246,954.81
17 $14,501.36 $11,613.69 $235,341.12
18 $13,785.06 $12,330.00 $223,011.12
19 $13,024.57 $13,090.49 $209,920.63
20 $12,217.18 $13,897.88 $196,022.76
21 $11,359.99 $14,755.07 $181,267.69
22 $10,449.93 $15,665.13 $165,602.56
23 $9,483.73 $16,631.32 $148,971.24
24 $8,457.95 $17,657.10 $131,314.14
25 $7,368.90 $18,746.15 $112,567.98
26 $6,212.68 $19,902.38 $92,665.61
27 $4,985.14 $21,129.91 $71,535.70
28 $3,681.90 $22,433.16 $49,102.54
29 $2,298.27 $23,816.79 $25,285.75
30 $829.30 $25,285.75 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Troy, MI


1500 sqft3900 sqft
Ø selling price$341,220$725,869
Ø fast selling$310,200$653,282
Ø high price sale$372,241$798,455

In 2026, houses in Troy, MI will be offered at an average price of $188 per square foot. A 1,500 sqft home priced at $341,220 is 22.36% more expensive per square foot than a 3,900 sqft home priced at $725,869. Home prices in Troy, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $502,525. Sellers who can wait longer may achieve a higher price of up to $614,196.


Explore Troy, Michigan

Located in Oakland County, Troy, MI sits in the heart of the Detroit metro area and blends suburban comfort with urban access.
Renowned for its safety, diversity, and strong economy, Troy, Michigan attracts families and professionals alike.

Business and Economy

A major business hub, Troy hosts corporate headquarters and thriving automotive and technology suppliers.
Its pro-growth climate and quick access to I-75 and regional airports streamline logistics and talent recruitment.

Shopping and Dining

Shoppers flock to the upscale Somerset Collection and nearby retail corridors for premier brands and services.
After browsing, residents enjoy an eclectic dining scene featuring global cuisines, craft beverages, and local favorites.

Education and Parks

Families value the highly rated Troy School District, strong STEM programs, and award-winning libraries.
Expansive parks, trails, golf, and a modern community center deliver year-round recreation and wellness.

Housing and Lifestyle

From modern apartments to quiet subdivisions, Troy real estate offers options for every stage of life.
Regular community events, cultural festivals, and efficient services create an exceptional quality of life in this dynamic city.



FAQ – Home Values in Troy

What is the median home value in Troy in 2026?

In 2026, the typical home value in Troy is about $362,981 for an average home size of 1932 square feet. This corresponds to an average price of roughly $188 per square foot.

What is the average cost per square foot in Troy?

In 2026, homes in Troy sell for an average of around $188 per square foot, with a typical range between $178 and $210 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Troy is about 1932 square feet, with an estimated 2026 value around $362,981.



Locations close to Troy, MI

Allen Park, MI143 $ / ft²
Ann Arbor, MI166 $ / ft²
Belleville, MI113 $ / ft²
Yale, MI135 $ / ft²
Ray, MI146 $ / ft²
Washington, MI176 $ / ft²
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