The story of this market
The typical home in ZIP 48085 sells for about $519,900, or $215 per square foot.
Prices are up +5.6% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,620 a month.
ZIP 48085 — Troy
The 48085 housing market remains highly competitive, driven by low inventory and strong demand for the area's top-rated schools. Prices continue to show steady year-over-year growth, reflecting the area's desirability as a stable, high-income suburban enclave. Market conditions are currently favoring sellers, with homes spending relatively little time on the market.
This ZIP is ideal for families seeking top-tier public schools, professionals commuting to major corporate hubs, and buyers looking for stable, high-demand suburban real estate.
Median prices moved up 5.6% year over year.
Homes spend a median of 25 days on market with 2.5 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 3.3% — 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 6.7%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48085, Oakland County MI
Troy consistently ranks as one of the safest cities in Michigan, with crime rates significantly lower than both state and national averages.
The area is served by the highly-rated Troy School District, which is frequently recognized for academic excellence and high college-readiness scores.
The area faces low risk for major natural disasters, though standard regional precautions for severe thunderstorms and winter weather apply.
Troy serves as a major commercial and employment hub in Oakland County, featuring a robust mix of corporate headquarters, retail centers, and ongoing mixed-use redevelopment.
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 efficient access to major employment centers in Detroit and the surrounding suburbs.
The ZIP features numerous community parks, including the Troy Family Aquatic Center and various nature trails, alongside extensive shopping and dining options along the Big Beaver corridor.
The rental market is characterized by high demand and low vacancy rates, driven by the area's strong employment base and school quality.
Troy is a major economic engine in Southeast Michigan, hosting headquarters for automotive, financial, and technology firms.
The area is well-connected via I-75 and M-59, with public transit provided by SMART bus services.
Ongoing focus on densifying the Big Beaver corridor with mixed-use residential and commercial projects.
Oakland County Equalization Division oversees property assessments with annual adjustments based on market sales data.
Parcels are subject to Troy School District taxes and Oakland County community college district levies.
Standard homeowners insurance market with typical regional premiums; no specific high-risk hazard surcharges reported.
Data retrieved from data.census.gov ZCTA-level tables.
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's4.411 mi
- Dave & Buster's Utica4.15.3 mi
- Round1 Bowling & Arcade - Auburn Hills4.111.5 mi
- Urban Air Trampoline and Adventure Park4.25.3 mi
- Red Oaks Waterpark4.46 mi
- Little Caesars Arena4.618.6 mi
- Comerica Park4.718.9 mi
- Ford Field4.618.8 mi
- Pine Knob Music Theatre4.616.3 mi
- Huntington Place4.519.7 mi
- Detroit Zoo4.59.3 mi
- Emagine Royal Oak4.38.3 mi
- Stony Creek Metropark4.77.3 mi
- SEA LIFE Michigan Aquarium4.311.5 mi
- C.J. Barrymore's4.411 mi
- Detroit Institute of Arts4.817.4 mi
- Michigan Central4.819.4 mi
- Motown Museum4.716.9 mi
- Michigan Science Center4.417.4 mi
- Cranbrook House & Gardens4.87.3 mi
- Stony Creek Metropark4.77.3 mi
- Dodge Park4.75.2 mi
- Innovation Hills4.74.8 mi
- Cranbrook House & Gardens4.87.3 mi
- Red Oaks Waterpark4.46 mi
- Topgolf4.211 mi
- Cherry Creek Golf Club4.56.6 mi
- Sycamore Hills Golf Club MICHIGAN3.912.3 mi
- Fieldstone Golf Club3.99.2 mi
- Rackham Golf Course3.89.5 mi
- Great Lakes Crossing Outlets4.511.6 mi
- Somerset Collection4.65 mi
- Oakland Mall4.14.9 mi
- Meijer411.3 mi
- Meijer4.26 mi
- Detroit Metropolitan Wayne County Airport4.329.9 mi
- Windsor International Airport4.224.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular seasonal water park and community facility.
High-end regional shopping mall located nearby.
Features extensive trails and educational programming.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).