Median rent for residential apartments in as of Mar, 2021.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
25 Troy, MI, USA apartments for rent
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Troy
Troy, MI has a population of 83,336, while the median age is 42. The household income in Troy, MI is around $93,017. The homeownership rate among the residents is 73%. The median residential property value in Troy, MI that you should keep in mind is $269,800.
| Population | 83,336 |
| Median Age | 42.2 |
| Poverty Rate | 5% |
| Household Income | $93,017 |
| Number Of Employees | 41,290 |
| Median Property Value | $269,800 |
Business & Economy
Wage by Common Jobs
Average salary in Troy, MI: $47,210
- 1. Miscellaneous managers$93,683
- 2. Registered nurses$63,564
- 3. Elementary & middle school teachers$55,810
- 4. Firstline supervisors of retail sales workers$46,668
- 5. Driver/sales workers & truck drivers$44,305
Highest Paid Occupations
Numbers claim that the highest paid jobs in Troy, MI are Management Occupations, Architecture & Engineering Occupations, Computer, Engineering, Science Occupations, Computer & Mathematical Occupations and Management, Business, Financial Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 1% recently, there must be a strong understanding of industries people of Troy, MI work in. The highest paid industries are Management of Companies & Enterprises, Utilities, Manufacturing, Mining, Quarrying, Oil & Gas Extraction and Professional, Scientific, Technical Services.
Demographics
Race & Ethnicity
According to latest census, Troy, MI is a home for 69% white residents. The second common group is asian with 24% residents. The list of the most common racial or ethnic groups is closed by black with 4% residents.
Non-English Speakers
Education
Past year Troy, MI universities awarded around 539,600 degrees. Statistics show that the population of students in Troy, MI includes 269,800 female students and 269,800 male students. Troy, MI offers private and public tuition with a median cost of $13,800 for private four-year colleges and $n/a for in-state public four-year colleges. The largest university of this city is the Walsh College of Accountancy and Business Administration with the majority of graduates. The Michigan College of Beauty-Troy and Carnegie Institute hold the second and the third place respectively. The share of the public colleges in Troy, MI is n/a and 100 go to the private colleges.
Universities
- 1. Walsh College of Accountancy and Business Administration806 graduates
- 2. Michigan College of Beauty-Troy178 graduates
- 3. Carnegie Institute126 graduates
Public vs Private
- Public100%
- Private0%
Health and Safety
Primary care physicians in Troy, MI see an average of 691 patients, dentists 943 patients, metal health providers 332 patients, and other healthcare providers 990 patients per year.
Transportation
Commute Time
Average travel time: 24.44 minutes
- USA
- Troy, MI
Commuter Transportation
Citizens of Troy, MI travel to their offices around 24 minutes lately and drove alone to get there. The rest of the residents carpooled and worked at home.
- USA
- Troy, MI
Housing Trends
Troy, MI 48083, USA Housing Trends
Average rent in Troy: $1,143 (-36%)
| Rent Price | Mar | vs Last Month |
|---|---|---|
| 1 bed apartments | $812 | N/A |
| 2 bed apartments | $1,100 | -30.2% |
| 3 bed apartments | $1,858 | N/A |
| 4+ bed apartments | $1,850 | N/A |
Over the Mar 2021, the average rent for an apartment in/near Troy, MI decreased by 36% to 1.143 $.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at 812 $ with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you 1.100 $. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for 1.858 $. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around 1.850 $ for a big-family home.
| Rent Type Price | Mar | vs Last Month |
|---|---|---|
| Loft rentals | $1,950 | N/A |
| House rentals | $1,850 | +1.1% |
| Condo rentals | $1,037 | -35.2% |
| Room rentals | $650 | N/A |
The median rent for a house is still 1.850 $ with no significant changes this month. Condo for rent is now available for the same pricing as previously — 1.037 $. The median rent for a loft did not face significant changes this time, it now still goes for 1.950 $. If you’re looking for a room, the price tag still starts at 650 $. The median price did not change this time.
Rent vs Own
- Rent73%
- Own27%
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