Rental market snapshot for Troy, Michigan
Troy, Michigan Rental Property Market Overview
The average rent for an apartment in Troy is $1,800. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by -2.3% over the past year.
Troy is a city located in the southeastern portion of Michigan. The city has a population of just over 80,000 people and is a part of the Detroit metropolitan area. The city is home to a number of large businesses and is known for its high quality of life.
Last Updated December 23, 2022
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Sign upAverage monthly rent graph in Troy Michigan | Cost of Living
- The most expensive ZIP Code in Troy is 48084 with an average price of $1,725
- The cheapest ZIP Code in Troy is 48083 with an average price of $1,289
Troy ZIP Codes with the highest, most expensive rent
| # | zip code | average rent |
|---|---|---|
| 1 | 48084 | $1,725 |
| 2 | 48083 | $1,295 |
Live near Troy, Michigan's Top Sights and Attractions
Jacee Park is a beautiful park located in Troy, Michigan. The park has a playground, a picnic area, and a walking trail. The park is also home to a variety of birds and other wildlife.
Sylvan Glen Lake Park is a beautiful park that offers a variety of activities for visitors to enjoy. The park has a large lake that is perfect for swimming, fishing, and boating. There are also plenty of hiking trails, picnic areas, and playgrounds for visitors to explore.
Boulan Park is a public park located in Troy, Michigan. The park features a playground, picnic tables, a pavilion, and a walking trail.
Firefighters Park is a park located in Troy, Michigan. The park is home to a variety of firefighting equipment, including a fire truck, fire engine, and fire hose. The park also features a playground, picnic tables, and a walking trail.
White Chapel Memorial Park Cemetery is a beautiful, peaceful place to visit. The cemetery is well-kept and the grounds are lovely. There are many different types of flowers and trees, and the cemetery is very quiet and serene.
Kamp Klimchak is an outdoor adventure park that features zip lining, rock climbing, and a ropes course. The park is located on a wooded hillside and has views of the Detroit River.
Raintree Park is a beautiful park located in Troy, Michigan. The park features a variety of amenities including a playground, picnic tables, a walking trail, and a pond. The pond is a popular spot for fishing and is stocked with a variety of fish. The walking trail is a great way to explore the park and take in the scenery.
Cummingston Park is a beautiful park located on the east side of Troy. The park has a playground, a pavilion, and a walking trail. The pavilion is available to rent for parties and events.
Troy, Michigan area median rent change by ZIP Code map
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Sign upHow does Troy compare to other cities in Michigan ?
| city | median price |
|---|---|
| Birmingham | $2,390 |
| Detroit | $1,200 |
| Novi | $1,819 |
| Walled Lake | $1,300 |
| Plymouth | $1,140 |
Average household income in Troy area graph - US Census
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Sign upThe median household income in Troy in 2021 was $104,132. This represents a 21.2% change from 2011 when the median was $85,946.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 4.0% |
| 1 | $10,000 to $14,999 | 1.9% |
| 2 | $15,000 to $19,999 | 1.5% |
| 3 | $20,000 to $24,999 | 2.7% |
| 4 | $25,000 to $29,999 | 2.6% |
| 5 | $30,000 to $34,999 | 1.8% |
| 6 | $35,000 to $39,999 | 2.3% |
| 7 | $40,000 to $44,999 | 1.9% |
| 8 | $45,000 to $49,999 | 1.7% |
| 9 | $50,000 to $59,999 | 5.8% |
| 10 | $60,000 to $74,999 | 7.7% |
| 11 | $75,000 to $99,999 | 13.9% |
| 12 | $100,000 to $124,999 | 11.9% |
| 13 | $125,000 to $149,999 | 10.0% |
| 14 | $150,000 to $199,999 | 12.5% |
| 15 | $200,000 or more | 17.8% |
