Home Values

Troy Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$260,200

  • 3.5% 1-year change
  • 2.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in Troy is $260,200. Troy home values have gone up 3.5% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Troy is None.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Troy is 1.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Troy homeowners underwater on their mortgage is 5.3%, which is lower than Detroit Metro at 19.4%.

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Relative ZHVI
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Troy Market Overview

Data through May 31, 2015
  • $260,200 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $250,875 Median sale price
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Troy Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 5.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Birmingham $379,700
Huntington Woods $300,700
Rochester $284,000
Name Median ZHVI
Rochester Hills $260,000
Pleasant Ridge $257,800
Royal Oak $178,400
Name Median ZHVI
Berkley $155,800
Clawson $140,400
Madison Heights $89,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $131 Median sale price / sq ft
  • No data Listings with price cut
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Troy Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,942 Troy
    $1,123 Detroit Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $1.04 Rent list price / sq ft
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