Troy

Troy

Located in Oakland County

$512,066 Average Value
$238 Average Price per Sq Ft
123 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.
The City of Troy is known for its large, diverse population of people from around the world.
The City of Troy is known for its large, diverse population of people from around the world.
Many kids come to Firefighters Park to play disc golf.
Many kids come to Firefighters Park to play disc golf.
Shop for all your home furnishing needs at shops located along Big Beaver Road in Troy.
Shop for all your home furnishing needs at shops located along Big Beaver Road in Troy.
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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.

Children can easily walk or bike to Bemis Elementary School.
Children can easily walk or bike to Bemis Elementary School.
Kids are challenged to excel at Smith Middle School.
Kids are challenged to excel at Smith Middle School.
Students are offered a great education at Troy High School.
Students are offered a great education at Troy High School.
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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 the State of Michigan.
Troy's Somerset Collection is one of the top malls in the State of Michigan.
Somerset Mall is a great place to hang out and people watch in Troy.
Somerset Mall is a great place to hang out and people watch in Troy.
Mr. Kabob is a local favorite for fresh, made-to-order Mediterranean bowls and wraps.
Mr. Kabob is a local favorite for fresh, made-to-order Mediterranean bowls and wraps.
Celebrate special occasions with your family at Benihana on Big Beaver Road in Troy.
Celebrate special occasions with your family 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.

Hop on a SMART Bus to quickly reach Royal Oak, Detroit, and beyond.
Hop on a SMART Bus to quickly reach Royal Oak, Detroit, and beyond.
Amtrak trains visit Troy's Transit Center 6 times a day.
Amtrak trains visit Troy's Transit Center 6 times a day.
I-75 runs through The City of Troy, making for easy commutes downtown.
I-75 runs through The City of Troy, making for easy commutes downtown.
Several of Detroit's major employers have headquarters in Troy.
Several of Detroit's major employers have headquarters in Troy.
Residents of Troy enjoy easy commutes to workplaces located along Big Beaver Road.
Residents of Troy enjoy easy commutes to workplaces located along Big Beaver Road.
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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.

Gather for live music, roller blading, and community events at 
Troy's Stine Community Park.
Gather for live music, roller blading, and community events at Troy's Stine Community Park.
Watch your children play soccer on the weekends at Troy's Fireman's Park.
Watch your children play soccer on the weekends at Troy's Fireman's Park.
Fireman's Park is an ideal place to walk your dog.
Fireman's Park is an ideal place to walk your dog.
Children will enjoy playing for hours outdoors at Boulan Park in Troy.
Children will enjoy playing for hours outdoors at Boulan Park in Troy.
Enjoy a round of golf with your clients at Somerset Golf Club.
Enjoy a round of golf with your clients 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.

Troy is located in a suburban setting and is located a half hour from Detroit.
Troy is located in a suburban setting and is located a half hour from Detroit.
Ranch style homes in Troy are ideal for first time homebuyers.
Ranch style homes in Troy are ideal for first time homebuyers.
Split Level homes in Troy afford growing families more room to raise children.
Split Level homes in Troy afford growing families more room to raise children.
Large mansion-style homes in Troy on average start at around $500,000.
Large mansion-style homes in Troy on average start 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.

Visit the Troy Historical Village where they can learn about this history of their hometown.
Visit the Troy Historical Village where they can learn about this history of their hometown.
Residents of Troy enjoy free access to books, DVD's, and wifi at the Troy Public Library.
Residents of Troy enjoy free access to books, DVD's, and wifi at the Troy Public Library.
Troy's community center features two gyms, a pool, and community programming.
Troy's community center features two gyms, a pool, and community programming.
Pickleball tournaments are held at the Troy Community Center.
Pickleball tournaments are held at the Troy Community Center.
Every year in Troy the host a Toys for Tots event at Summerset Mall.
Every year in Troy the host a Toys for Tots event at Summerset Mall.
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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
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Francisco de la Vera

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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

Troy Housing Trends

Housing Trends

Median List Price
$459,900
Median Sale Price
$455,000
Median Single Family Sale Price
$476,499
Median Townhouse Sale Price
$479,900
Median 2 Bedroom Sale Price
$254,250
Median Change From 1st List Price
0%
Last 12 months Home Sales
907
Median Home Sale Price YoY Change
$10
Average Price Per Sq Ft
$238

Neighborhood Facts

Number of Homes for Sale
123
Months of Supply
1.60

Open Houses

  • Sunday, Jun 15
    12 - 3pm

    2084 Kristin Dr, Troy, MI 48084

    $630,000

    • 4 Beds
    • 2.5 Baths
    • 2,014 Sq Ft
    • 2084 Kristin Dr
    • New 7 hours ago

    Welcome to this Fully Remodeled Gem in the desired Troy Estates Subdivision!This stunning home has been completely updated with high-end finishes and modern design throughout. The brand-new kitchen features sleek cabinetry from renowned Italian brand La Fata, quartz countertops, and all-new stainless steel appliances. Beautiful hardwood flooring flows throughout the home; new contemporary tile

    Yaryna Baran KW Domain

  • Saturday, Jun 14
    12 - 3pm

    43667 Dequindre Rd, Troy, MI 48085

    $219,000

    • 3 Beds
    • 1 Bath
    • 1,060 Sq Ft
    • 43667 Dequindre Rd
    • New 7 hours ago

    Welcome to this charming, 3 bedroom, 1 bath, ranch with a 2 car attached garage, situated on an almost 1/2 acre lot, located in a quiet, family friendly neighborhood in highly sought after Troy with award winning schools. Enter the living room with a large window allowing ample natural light. The kitchen boasts lots of cabinet and counter space and a dining area with a sliding glass door out to

    Mark White EXP Realty - Mark White & Associates

  • Wednesday, Jun 18
    5 - 7pm

    1813 Shepherds Dr, Troy, MI 48084

    $460,000

    • 4 Beds
    • 2.5 Baths
    • 1,814 Sq Ft
    • 1813 Shepherds Dr
    • New 7 hours ago

    Updated 4 bedroom, 2.5 bath home with open floor plan. Award winning Troy High School. Island kitchen with new quartz countertops, new dishwasher, newer refrigerator, microwave, and range. Large doorwall in kitchen opens to back yard and brings in natural light. Property backs up to woods offering a peaceful setting surrounded by nature and the calming sounds of birdsong. New flooring &

    Mei Wei Howard Hanna Birmingham

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
$71,702
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''
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