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Troy city, MI

ZIP 48084 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48084

Median Home Value
$420,000
Median Rent
$1,451
Affordability Snapshot
$116,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,698/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48084 in Troy city, MI, a household would need roughly $116,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,698. That is roughly in line with the local median household income ($106,004). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
47.0%-28% vs US avg
x
Vacancy Rate
5.7%-45% vs US avg
x
Broadband Access
96.6%+11% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
13.1%-74% vs US avg
x
Mortgage-Free
34.4%-10% vs US avg
x
$420,000
Home Value
$1,451
Rent
1974
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached40.6%
  • 1-unit attached8.0%
  • 2-9 units34.1%
  • 10+ units17.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$420,000
Median rent$1,451
Owner-occupied47.0%
Vacant5.7%
Price-to-income4.0x
Est. income to buy$116,000