City

TROY, MI

Detroit-Warren-Dearborn, MI

Median home value: $440K (+2.8% YoY). Rent: $1,785/mo. Price-to-rent: 20.5x. Part of Detroit-Warren-Dearborn, MI.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, Detroit-Warren-Dearborn, MI metro page.

Home Value$440,080
+2.8%
Rent$1,785/mo
AFFORDABILITY

Enter your income for Troy.

$88,016 on $440,080
Out of reach — 44.9% of income

Need $120,386/yr to afford.

PITI$2,809
P/I44.9%
Afford$274K
Gap-$166K
P&I $2,111Tax $565Ins $133
Renting $1,024/mo cheaper ($1,785 rent)6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Troy Housing Market | CrashWatch