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Troy

Troy

Located in Oakland County

$518,035 Average Value
$242 Average Price per Sq Ft
120 Homes For Sale

Suburban living north of Detroit

Troy is a Detroit suburb known for its highly rated schools, upscale shopping district and diverse residents. With a population of around 87,000, it is the largest community in Oakland County. When Detroit's growth in the early 20th century led to the development of dozens of ethnic enclaves, Troy quickly became the spot where many Asian and South Asian migrants settled. Today, nearly 30% of residents are foreign-born.

“Many people consider Troy because of our shopping and dining, parks and recreation and facilities, but also for our cultural diversity,” says Councilman Hirak Chanda. “I always joke that if you’re looking to travel the world without spending a penny, you can live in Troy and you can experience many different cultures. That’s one of our greatest strengths.”

This city’s events, houses of worship, dining options and supermarkets reflect this diversity. The Bharatiya Temple, built in the 1980s, was one of the first Hindu temples built in Metro Detroit. It's also the largest in the metro area at about 17,000 square feet. The massive complex includes the Main Pooja Hall, which seats about 600, a multipurpose hall with Yagna facilities and a small apartment for priests and guests. Just minutes from the temple, the Masjid Mahmood mosque serves hundreds of the city's Muslim population.

"It works because we've built this reputation where people are respectful to each other, [despite living] in a world with so much conflict," Chanda says. "Troy is an example of what the world could be a should be."

Troy's location is another draw. This city is traversed by a major highway that provides a direct connection to downtown Detroit. It's also home to a slew of shopping options along Big Beaver, and offers housing options for almost every budget.

The City of Troy is a destination for shopping, dining, and outdoor enjoyment.
The City of Troy is a destination for shopping, dining, and outdoor enjoyment.
Troy boasts a diverse community and a wealth of local events like Troy Elks Fall Craft Show.
Troy boasts a diverse community and a wealth of local events like Troy Elks Fall Craft Show.
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Troy School District, Walsh College, Michigan College of Beauty and Chamberlain University

The Troy School District is rated the second-best school district in Michigan by Niche and currently holds an A-plus rating. It offers 14 elementary, four middle and two high schools, all of which hold at least A ratings. Barnard Elementary School and Leonard Elementary School were named National Blue Ribbon schools in 2021, a prestigious designation given to around 350 schools across the nation every year. Walsh College is a private, four-year institution based in Troy. It enrolls around 1,700 students a year and offers both a school of business and a school of technology. Troy is also home to Michigan College of Beauty and a Chamberlain University campus.

Barnard Elementary School has a little free library at the front entrance.
Barnard Elementary School has a little free library at the front entrance.
Leonard Elementary School serves Troy's youngest students.
Leonard Elementary School serves Troy's youngest students.
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Somerset and shopping and dining on Big Beaver

Big Beaver Road is Troy’s primary shopping district. It’s mainly known for housing Somerset Collection, an upscale indoor mall with over 180 shops, including Eddie Bauer, Cartier and Coach. This city’s food scene is nearly as diverse as its residents. From Italian staples at Maggiano's Little Italy to Japanese fare at Benihana, “You can experience pretty much any culture in Troy,” Chanda says. Major grocers include big box stores, as well as independent offerings like Nino Salvaggio International Marketplace and Polish Market.

Troy's Somerset Collection is one of the top malls in Michigan.
Troy's Somerset Collection is one of the top malls in Michigan.
Locals can celebrate special occasions at Benihana on Big Beaver Road in Troy.
Locals can celebrate special occasions at Benihana on Big Beaver Road in Troy.
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Getting around Troy, major employers and new developments

Troy is bisected by Interstate 75, a major highway that offers a direct connection to downtown Detroit. The city is also served by the Suburban Mobility Authority for Regional Transportation (SMART), which operates 44 bus routes throughout the Detroit metro. The nearest major airport, Detroit Metropolitan Wayne County Airport, is 40 miles southwest. For rail transit, residents can board the Amtrak at the Troy Transit Center — trains run three times daily between Chicago, Illinois and Pontiac, Michigan.

Troy is home to several major corporations, including the information technology company HTC Global Services and automotive companies such as Inteva Products, Dupont Automotive and Meritor. It’s also home to Beaumont Hospital—Troy, a robust medical facility offering inpatient and outpatient services. University of Michigan Health recently announced it will build a multi-specialty healthcare facility on Big Beaver. The seven-acre property was formerly Kmart headquarters.

Troy's SMART buses quickly reach Royal Oak, Detroit, and beyond.
Troy's SMART buses quickly reach Royal Oak, Detroit, and beyond.
Amtrak trains come through Troy's Transit Center multiple times a day.
Amtrak trains come through Troy's Transit Center multiple times a day.
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More than 400 acres of parks for all four seasons

Troy is home to 15 parks spanning over 400 acres.At 96 acres, Firefighters Park is the city’s largest green space and offers an array of athletic fields, a disc golf course, open space and woodlands. Boulan Park, the second largest park, is the place to be for baseball, tennis, pickleball and playgrounds. It will also be home to $9 million regulation-sized cricket field, an initiative that has been pushed by the city’s Asian and Middle Eastern residents for nearly two decades.

“We have a very large Hindu Indian and Asian population, and they have been they have been working on getting a cricket field for about 15 years, so it definitely be widely used,” says Councilman Mark Gunn.

Kids and families can also enjoy the Troy Community Center, which features a full gym, basketball courts and an indoor swimming pool. The Rink at Stine Community Park is a rollerblading rink during summer months and is transformed into an ice skating rink in late November when temperatures begin to drop below freezing.

Golfers can tee up at the Somerset Golf Club, the Sylvan Golf Course and the Sanctuary Lake Golf Course. Whether it’s a 30-degree December morning or an 85-degree June afternoon, Buffalo Wild Wings Arena offers several programs, including two youth hockey organizations. They also offer open ice skating hours, figure skating drop-ins and weekly events.

Children can play on the playground at Boulan Park in Troy.
Children can play on the playground at Boulan Park in Troy.
Troy locals can enjoy a round of golf at Somerset Golf Club.
Troy locals can enjoy a round of golf at Somerset Golf Club.
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Fast selling homes on well-kept streets

The city offers a wide mix of single-family homes, condos, apartments and townhomes. Homebuyers will find everything from ranch and split-level homes dating back to the 1960s and 70s to contemporary styles and new builds. Throughout the city, it’s common to see wide streets, sidewalks, quiet cul-de-sacs and manicured front lawns. The spring and summer months bring the city to life with blooming trees and foliage. The median sale price is $460,000, but prices range between $100,000 for a small fixer-upper and $3 million for a move-in ready mansion. Most houses sell between $400,000 and $700,000. Homes sell relatively fast at 20 days on average. For comparison, the US average is 44 days.

Ranch-style homes in Troy are ideal for first time homebuyers.
Ranch-style homes in Troy are ideal for first time homebuyers.
Large mansion-style homes in Troy start, on average, at around $500,000.
Large mansion-style homes in Troy start, on average, at around $500,000.
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Various, family-friendly events throughout the year

Troy Family Daze is one of the city’s largest events, attracting over 20,000 attendees annually. It is kicked off with a naturalization ceremony for new citizens. The three-day festival also features a carnival, international performers, a 5K and a petting zoo.

The Troy Museum & Historic Village and nature preserve also host events throughout the year. “There’s never a weekend there isn’t something happening,” Gunn says. At the Historic Village, programs range from watercolor painting classes to blacksmithing. The weekly Thursday walking group is one of many free opportunities that residents can join. The 100-acre Stage Nature Center also offers a variety of events and classes, including walking tours with a professional Naturalist, an annual Monarch butterfly release and a class introducing visitors to native plants and landscaping.

The Troy Public Library also offers various programs to residents, which is why it is one of the city’s most used buildings. Toddlertime, language clubs and book clubs are among the most popular program offerings. Both Gunn and Chanda note that the city is looking at strategies to build a new library as the current building is out of date.

Visitors can learn about the history of Troy at the Troy Historical Village.
Visitors can learn about the history of Troy at the Troy Historical Village.
Residents of Troy enjoy free access to books, DVDs, and Wi-Fi at the Troy Public Library.
Residents of Troy enjoy free access to books, DVDs, and Wi-Fi at the Troy Public Library.
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Below-average crime rates

Troy’s violent crime rate is well below the state average. In December of 2023, the city reported about 46 violent crimes per 100,000 people and 121 property crimes. For comparison, Michigan reported 134 violent crimes and 128 property crimes per 100,000.

Kaitlin Davis
Written By
Kaitlin Davis
Owen Kaufman
Photography Contributed By
Owen Kaufman
Francisco de la Vera
Video By
Francisco de la Vera

Interested in learning more about homes in this area? Reach out to Crystal Halley, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Troy Housing Trends

Housing Trends

Median List Price
$459,900
Median Sale Price
$455,000
Median Single Family Sale Price
$470,500
Median Townhouse Sale Price
$429,000
Median 2 Bedroom Sale Price
$298,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
815
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$242

Area Facts

Number of Homes
25,796
Number of Homes for Sale
120
Median Year Built
1976
Months of Supply
1.80
Average Single Family Home Size Sq Ft
2,226
Above the national average
1,929
Average Townhouse Size Sq Ft
1,674
Average 2 Bedroom Size Sq Ft
1,447
Average 1 Bedroom Size Sq Ft
981
Median Lot Size Sq Ft
13,503

Open Houses

  • Saturday, Dec 20
    Open Sat 12PM - 2PM

    3960 Kings Point Dr, Troy, MI 48083

    $580,000

    • 4 Beds
    • 2.5 Baths
    • 2,325 Sq Ft
    • 3960 Kings Point Dr
    • New 22 days ago

    The internet’s new favorite listing has arrived! Step into this beautifully renovated 4-bedroom colonial with a dedicated study, tucked in the highly sought-after Raintree Village with Troy Schools. A stunning 2021 kitchen renovation and luxurious new primary bath elevate everyday living, while major updates—including new roof (2016) and upgraded electrical & plumbing—bring total peace of mind.

    Agent Photo
    Susheilla Mehta
    Berkshire Hathaway HomeServices Kee Realty Bham
    (248) 988-0750
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  • Saturday, Dec 20
    Open Sat 11AM - 1:30PM

    5840 Northfield Pkwy, Troy, MI 48098

    $279,900

    • 3 Beds
    • 1.5 Baths
    • 1,410 Sq Ft
    • 5840 Northfield Pkwy

    ***This appealing condo was put on the market during the government shutdown and on into the holidays. Don't worry about the days on market.***Beautifully updated 3-bedroom, 1.1-bath condominium in the desirable Northfield Hills community. This move-in-ready home features luxury vinyl plank flooring throughout, a stylish sunken living room, and abright kitchen with granite countertops and

    Siobhan Gannon Century 21 Curran & Oberski

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  • Sunday, Dec 21
    Open Sun 12PM - 2PM

    1935 Axtell Dr Unit 1, Troy, MI 48084

    $219,000

    • 2 Beds
    • 2 Baths
    • 1,012 Sq Ft
    • 1935 Axtell Dr
    • Unit 1
    • New 4 days ago

    Welcome home to this beautiful first floor condo close to downtown Birmingham and Somerset Mall. Steps away from local shops and restaurants with easy access to expressways. This lovely 2 bedroom, 2 bathroom condo includes a primary bedroom with en-suite. Hardwood floors. Plenty of storage. Kitchen with granite countertops and stainless steel appliances. Open concept living area with door wall

    Steven Kay Coldwell Banker Professionals

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Troy Has More Owners

Demographics

Total Population
85,635
Median Age
43
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
20.7%
On par with the national average
19.1%

Finances

Median Household Income
$114,281
Significantly above the national average
$79,601
Average Household Income
$139,131

Education and Workforce

High School Graduates
96.3%
College Graduates
62.3%
Significantly above the national average
34.1%
Advanced Degrees
29.9%
Above the national average
13.3%
% Population in Labor Force
66.5%

Weather

Annual Precipitation
32''
Average Winter Low Temperature
15°F
Average Summer High Temperature
81°F
Annual Snowfall
18''

Area Factors

Somewhat Bikeable

Bike Score®®

42 / 100

Car-Dependent

Walk Score®®

18 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Troy