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Troy city, MI

ZIP 48085 — 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 48085

Median Home Value
$395,300
Median Rent
$2,089
Affordability Snapshot
$109,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,539/mo PITI).

17%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.8 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 48085 in Troy city, MI, a household would need roughly $109,000 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 $2,539. That sits below the local median household income ($144,146), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
91.8%+40% vs US avg
x
Vacancy Rate
2.3%-78% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
4.7%-69% vs US avg
x
Built Pre-1939
1.5%-89% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
5.6%-89% vs US avg
x
Mortgage-Free
34.4%-10% vs US avg
x
$395,300
Home Value
$2,089
Rent
1977
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached92.1%
  • 1-unit attached3.6%
  • 2-9 units3.5%
  • 10+ units0.6%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$395,300
Median rent$2,089
Owner-occupied91.8%
Vacant2.3%
Price-to-income2.7x
Est. income to buy$109,000