Home prices
The median home in Troy is valued at $301,500. It is roughly $96,900 (24%) lower compared to the surrounding areas.It is roughly $84,000 (38%) higher compared to the rest of the nation, and in comparison to the city of Detroit it is roughly $252,300 (512%) higher.
Rents
The median rent in Troy is $1,215 per month. Compared to the surrounding areas this is is very similar.It is about $153 (14%) higher compared to the US as a whole, and it is approximately $391 (47%) higher compared to the city of Detroit.
Nearby places
Clawson
Clawson is Troy's neighbor to the south. Its housing prices are substantially less expensive. The cost of the median home in Clawson is $177,500, which works out to $124,000 (69%) lower than Troy. The rent there is a little less expensive. Clawson's median monthly rent is $933, which works out to $282 (30%) lower than Troy.
Birmingham
Birmingham is Troy's neighbor to the southwest. The real estate prices there are substantially more expensive. The median home value in Birmingham is $541,500, which is $240,000 (44%) higher than Troy. The rent there is a bit more expensive. Birmingham's median rent is $1,513 a month, which is $298 (19%) higher than Troy.
Royal Oak
Royal Oak is Troy's neighbor to the south. Its housing prices are a lot less expensive. The price of the median home in Royal Oak is $224,600, which is $76,900 (34%) lower than Troy. Its rents are somewhat less expensive. Royal Oak's median rent is $1,079 per month, which comes out to $136 (12%) lower than Troy.
Sterling Heights
Sterling Heights is Troy's neighbor to the east. Housing prices there are substantially less expensive. The median home in Sterling Heights is valued at $187,600, which is $113,900 (60%) lower than Troy. The rent there is a little less expensive. The median rent in Sterling Heights is $1,025 per month, which comes out to $190 (18%) lower than Troy.
Bloomfield Hills
Bloomfield Hills is approximately 4 miles west of Troy. The real estate prices there are a lot more expensive. The median home in Bloomfield Hills is valued at $860,800, which works out to $559,300 (64%) higher than Troy. Its rents are a little more expensive. Bloomfield Hills's median monthly rent is $1,527, which is $312 (20%) higher than Troy.
