The median home in Troy, Michigan is valued at $440,080, up 2.8% year over year. Typical monthly rent is $1,785, producing a price-to-rent ratio of 20.5x — well above the national average of 18x. Troy is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$440,080

+2.8%

Rent$1,785/mo

AFFORDABILITY

Enter your income for Troy.

Income (annual)

Down Payment

$88,016 on $440,080

Out of reach — 46.8% of income

Need $125,271/yr to afford.

PITI$2,923

P/I46.8%

Afford$263K

Gap-$177K

P&I $2,225Tax $565Ins $133

Renting $1,138/mo cheaper ($1,785 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Troy with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

TROY, MI