Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Troy area can be challenging. Home prices in New Troy are now at a median cost of $176,300, lower than the Michigan average of $196,062.
The average cost of rent is $817/mo in New Troy, primarily driven by the current value of real estate in the New Troy area. While nearly 60.44% of residents own their homes outright in New Troy, 11.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Troy is $4,490 per month. Households that rent pay about 18.20% of their income on rent here. New Troy's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Sawyer, MI: equally priced homes
- Glendora, MI: equally priced homes
- Shorewood-Tower Hills-Harbert, MI: higher priced homes
- Harbert, MI: higher priced homes
- Bridgman, MI: higher priced homes
- Hills Corners, MI: equally priced homes
- Galien, MI: less expensive homes
- Three Oaks, MI: equally priced homes
- Lakeside, MI: higher priced homes
- Baroda, MI: higher priced homes
Cities with Similar Populations
- Carlton, TX: higher priced homes
- West Finley, PA: equally priced homes
- Wessington, SD: less expensive homes
- Cherry Spring, TX: higher priced homes
- Cherry, IL: less expensive homes
- Cherry Fork, OH: less expensive homes
- Chatfield, TX: less expensive homes
- Charlottesville, IN: less expensive homes
- Ceylon, MN: less expensive homes
- Cedar Hill, NY: higher priced homes
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