Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Troy area can be challenging. Home prices in Downtown Troy are now at a median cost of $274,256, lower than the Troy average of $289,678.
The average cost of rent is $1,442/mo in Downtown Troy, primarily driven by the current value of real estate in the Downtown Troy area. While nearly 31.15% of residents own their homes outright in Downtown Troy, 59.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Troy is $7,880 per month. Households that rent pay about 18.30% of their income on rent here. Downtown Troy's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Downtown Royal Oak, Royal Oak, MI: higher priced homes
- Downtown Madison Heights, Madison Heights, MI: less expensive homes
- Brooklands Park, Rochester Hills, MI: less expensive homes
- Downtown Southfield, Southfield, MI: less expensive homes
- Eight Mile Wyoming, Detroit, MI: less expensive homes
- Pembroke, Detroit, MI: less expensive homes
- Greenfield, Detroit, MI: less expensive homes
- O Hair Park, Detroit, MI: less expensive homes
- Bagley, Detroit, MI: less expensive homes
- Winship, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- South Westnedge, Kalamazoo, MI: less expensive homes
- Timberwood Park, San Antonio, TX: higher priced homes
- Eagle Point District, Dubuque, IA: less expensive homes
- Southside, Huntington, WV: less expensive homes
- Enterprise, Redding, CA: equally priced homes
- Frederickson, Tacoma, WA: higher priced homes
- Glendale, Los Angeles, CA: higher priced homes
- Southeast, Brentwood, TN: higher priced homes
- Harding, Roseville, CA: equally priced homes
- Harris Ranch, Boise, ID: higher priced homes
All Local Stats
Home Services
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