The story of this market
The typical home in ZIP 48084 sells for about $373,450, or $218 per square foot.
Prices are down 5.07% from a year ago, which gives buyers more room to negotiate. Homes take about 61 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,671 a month.
ZIP 48084 — Troy
The housing market in 48084 shows a median price of $373,450 with a year-over-year decline of approximately 5%. Inventory remains limited, and the market is characterized by a mix of established residential neighborhoods and high-density commercial corridors. Specific figures for sales volume and days on market are limited or not published at the ZIP level.
This ZIP is well-suited for families and professionals who value proximity to major corporate employers, high-quality schools, and extensive retail amenities.
Median prices moved down 5.1% year over year.
Homes spend a median of 61 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.3% · poverty 5.6% — a stable, low-distress profile.
ZCTA 48084, Oakland County MI
The area is served by the Troy School District, which is highly regarded for its academic performance and diverse student body.
Troy serves as a major commercial and employment hub in Oakland County, featuring significant corporate office space along the Big Beaver Road corridor.
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.
The ZIP code offers convenient access to major regional thoroughfares including I-75 and I-696, facilitating commutes to Detroit and other Oakland County employment centers.
Residents have access to local parks and the extensive shopping and dining amenities concentrated along the Big Beaver Road commercial district.
The rental market is robust with a median asking rent of $2,850, reflecting high demand for housing in this central suburban location.
Troy is a significant economic center in Southeast Michigan, hosting numerous corporate headquarters and a diverse mix of professional services, technology, and retail industries.
The area is highly car-dependent but benefits from proximity to major highway interchanges connecting to the broader Metro Detroit transit network.
Ongoing commercial redevelopment and office-to-mixed-use conversion projects are common along the primary business corridors.
Oakland County manages property assessments through a centralized system, ensuring standardized valuation across the county's municipalities.
Parcels are subject to standard municipal and county-level taxation, including support for the Troy School District.
Data retrieved from zip-codes.com and city-data.com profiles.
- C.J. Barrymore's4.415.3 mi
- Dave & Buster's Livonia415.3 mi
- Dave & Buster's Utica4.19.9 mi
- Round1 Bowling & Arcade - Auburn Hills4.111.5 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.418.1 mi
- Little Caesars Arena4.616.3 mi
- Comerica Park4.716.6 mi
- Ford Field4.616.6 mi
- Pine Knob Music Theatre4.616.1 mi
- Huntington Place4.517.4 mi
- Detroit Zoo4.55.9 mi
- Emagine Royal Oak4.35.1 mi
- SEA LIFE Michigan Aquarium4.311.6 mi
- Stony Creek Metropark4.711.8 mi
- MJR Marketplace Cinema4.58 mi
- Henry Ford Museum of American Innovation4.817.8 mi
- Detroit Institute of Arts4.815 mi
- Greenfield Village4.817.8 mi
- Michigan Central4.816.7 mi
- Motown Museum4.714.2 mi
- Stony Creek Metropark4.711.8 mi
- Dodge Park4.79 mi
- Innovation Hills4.76.3 mi
- Cranbrook House & Gardens4.83.4 mi
- Red Oaks Waterpark4.45.1 mi
- Topgolf4.211.2 mi
- Cherry Creek Golf Club4.511.5 mi
- Western Golf & Country Club4.612.9 mi
- Fieldstone Golf Club3.99.7 mi
- Rackham Golf Course3.85.8 mi
- Great Lakes Crossing Outlets4.511.6 mi
- Somerset Collection4.60.2 mi
- Oakland Mall4.13.9 mi
- Meijer48.5 mi
- Meijer4.21.4 mi
- Detroit Metropolitan Wayne County Airport4.325.4 mi
- Windsor International Airport4.222.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major commercial artery featuring extensive retail, dining, and office space.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).