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 |
Rent Price |
May | vs Last Month |
---|---|---|
1-bed apartments | $1,522 | +0% |
2-bed apartments | $1,879 | -22.2% |
3-bed apartments | $2,292 | -22.3% |
4+ bed apartments | $3,642 | -5.2% |
Over the May 2023, the average rent for an apartment in/near Troy, MI decreased by 14.6% to $2,341.
The average price for a rental studio in Troy, MI has remained the same as last month and equals $4,578. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 0% to $1,522. Pricing for 2-bed apartment also decreased by 22.2% and a place of this size will now cost you $1,879. 3-bed apartment rent pricing starts at $2,292, it decreased by 22.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 5.2% and made it down to $3,642.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $3,218 | -14.3% |
Condos for rent | $2,326 | -3.6% |
Apartments for rent | $1,936 | -21.2% |
The median rent for an apartment in Troy, MI decreased by 21.2% to $1,936. Statistics show that house rent price decreased by 14.3% this month making it up to $3,218. Condos faced an upward trend these days. The median rent for a condo decreased by 3.6%, it’s now available for $2,326.