Median price for residential in as of Jul, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
184 Troy, MI, USA apartments for sale
Troy
According to statistics, the population in Troy, MI amounts to 83,336, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $93,017, shifting growth 5% from the past year, and the average property value in Troy, MI growth 9% to $269,800 throughout the year.
| Population | 83,336 |
| Median Age | 42.2 |
| Poverty Rate | 5% |
| Household Income | $93,017 |
| Number Of Employees | 41,290 |
| Median Property Value | $269,800 |
Household Income
The average household income in Troy, MI grew from $88,954 to $93,017 in the past year. This data is an estimate based upon 31,520 households in Troy, MI . The chart below presents how household income is distributed in Troy, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Troy, MI shifted from $247,200 to $269,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Troy, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Troy, MI properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Troy, MI compared to median property taxes around the country. The prevalent amount of property taxes in Troy, MI equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Troy, MI, USA
Average sale in Troy: $449,063 (-1.2%)
| Apartment Size | Jul | vs Last Month |
|---|---|---|
| Studio for sale | $345,947 | -19.5% |
| 1 bed for sale | $119,000 | N/A |
| 2 bed for sale | $265,264 | +2.3% |
| 3 bed for sale | $359,753 | -6.9% |
| 4+ bed for sale | $567,317 | +4.5% |
During Jul 2022, the average price for an apartment in/near Troy, MI decreased by 1.2% to $449,063.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $119,000 with no changes this month. Asking price for 2-bed apartment also increased by 2.3% and a place of this size will now cost you $265,264. A 3-bed apartment goes for $359,753, it decreased by 6.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 4.5% and made it up to $567,317.
| Listing Type | Jul | vs Last Month |
|---|---|---|
| Houses for sale | $468,399 | -4.7% |
| Condos for sale | $327,460 | +17.1% |
| Land for sale | $330,980 | N/A |
| Duplexes for sale | $569,900 | +32.6% |
| Apartments for sale | $121,995 | N/A |
While assessing the property pricing Troy, MI, you can note that it remains flat with a price tag of $121,995. Price reports demonstrate that house price decreased by 4.7% this month making it up to $468,399. Condos are really in demand in this season. The median price for a condo increased by 17.1%, it’s now available for $327,460. You can now purchase a duplex for just $569,900, duplex price increased by 32.6% this month.