The story of this market
The typical home in ZIP 48083 sells for about $430,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,340 a month.
ZIP 48083 — Troy
The housing market in 48083 remains competitive, driven by low inventory and high demand for homes within the top-rated Troy School District. Prices have seen steady year-over-year growth, reflecting the area's desirability for families and professionals. Some figures, such as specific permit counts, were not determinable at the ZIP level.
This ZIP is ideal for families seeking top-tier schools and professionals working in the nearby corporate corridors, offering a balance of suburban amenities and urban accessibility.
Median prices moved up 4.2% year over year.
Homes spend a median of 34 days on market with 2.8 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 9.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48083, Oakland County MI
Crime rates in Troy are consistently lower than the Michigan and national averages, with the city frequently cited as one of the safest in the region.
The area is served by the highly-rated Troy School District, which is widely recognized for academic excellence and high college-readiness scores.
The area faces low risk from natural disasters, with standard insurance coverage typically sufficient for wind and storm-related events.
Troy serves as a major commercial and employment hub in Oakland County, featuring a robust mix of corporate headquarters, retail centers, and professional services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents benefit from proximity to I-75 and Big Beaver Road, providing direct access to major employment centers in Detroit and the surrounding suburbs.
The area features numerous community parks, including the Troy Family Aquatic Center and various walking trails, alongside extensive shopping options at the nearby Somerset Collection.
The rental market is stable with moderate vacancy pressure, supported by a strong professional workforce and proximity to major corporate campuses.
The economy is anchored by the automotive, technology, and professional services sectors, with a high concentration of corporate headquarters along the Big Beaver corridor.
The area is highly car-dependent but benefits from excellent highway connectivity via I-75 and proximity to regional transit bus routes.
Ongoing redevelopment of aging commercial sites into mixed-use residential and retail spaces is a primary focus for city planners.
Parcels are subject to Troy School District taxes and standard Oakland County special assessments.
Property insurance markets remain stable with standard coverage options available for residential properties.
Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- C.J. Barrymore's4.412.2 mi
- Dave & Buster's Livonia417.9 mi
- Dave & Buster's Utica4.17.5 mi
- Round1 Bowling & Arcade - Auburn Hills4.114.2 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.416.4 mi
- Little Caesars Arena4.614.6 mi
- Comerica Park4.714.9 mi
- Ford Field4.614.9 mi
- Pine Knob Music Theatre4.618.9 mi
- Huntington Place4.515.7 mi
- Detroit Zoo4.55.4 mi
- Emagine Royal Oak4.34.4 mi
- Stony Creek Metropark4.711.2 mi
- C.J. Barrymore's4.412.2 mi
- Motown Museum4.712.9 mi
- Henry Ford Museum of American Innovation4.818.1 mi
- Detroit Institute of Arts4.813.4 mi
- Greenfield Village4.818 mi
- Michigan Central4.815.4 mi
- Motown Museum4.712.9 mi
- Stony Creek Metropark4.711.2 mi
- Dodge Park4.75.9 mi
- Innovation Hills4.77.9 mi
- Cranbrook House & Gardens4.87 mi
- Red Oaks Waterpark4.42.1 mi
- Cherry Creek Golf Club4.59.9 mi
- Fieldstone Golf Club3.912.1 mi
- Rackham Golf Course3.85.7 mi
- Evolution Sportsplex4.49 mi
- Sanctuary Lake Golf Course3.95.1 mi
- Somerset Collection4.63.8 mi
- Oakland Mall4.10.9 mi
- Meijer47.3 mi
- Meijer4.23.7 mi
- Detroit Metropolitan Wayne County Airport4.326.3 mi
- Windsor International Airport4.220.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A premier luxury shopping destination serving the region.
Popular community facility with pools and slides.
Features walking trails and educational nature programs.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).