The story of this market
The typical home in ZIP 48098 sells for about $555,833, or $235 per square foot.
Prices are up +2.9% 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 $1,712 a month.
ZIP 48098 — Troy
The 48098 housing market remains balanced with steady demand and low inventory, supporting modest price appreciation. While median prices have risen, the market is currently stable, driven by the area's strong school district and economic stability. Note that some specific metrics like exact vacancy rates and detailed permit data were not available at the ZIP level.
This ZIP is ideal for families and professionals seeking high-quality schools, safety, and proximity to major employment centers in the Detroit metro area.
Median prices moved up 2.9% year over year.
Homes spend a median of 34 days on market with 5.5 months of supply — a fast-moving market.
50% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 3.5% — 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 4.5%/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 4.5%/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 48098, 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 region faces low risk from major natural disasters, though standard property insurance covers typical Midwest weather events like wind and occasional heavy rain.
Troy serves as a major economic hub in Oakland County, featuring a robust mix of corporate headquarters, technology firms, and retail centers along the Big Beaver 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.
Residents benefit from proximity to I-75 and I-696, providing direct access to the Detroit employment core and surrounding suburban business districts.
The ZIP features extensive park systems including Boulan Park and various community trails, alongside proximity to major shopping destinations like Somerset Collection.
The rental market is characterized by high demand from professionals and families, with limited vacancy pressure and steady rent growth.
Troy is a major employment center with a diverse economy anchored by automotive, technology, and financial services firms.
The area is highly car-dependent, with major highway access via I-75 and I-696 facilitating regional travel.
Ongoing focus on mixed-use densification and infrastructure improvements along the Big Beaver corridor.
The Oakland County Equalization Division oversees property assessments, ensuring compliance with state tax laws.
Parcels are subject to Troy School District taxes and various municipal service districts.
Standard property insurance market with typical Midwest hazard profiles; premiums are stable.
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's4.414.4 mi
- Dave & Buster's Livonia416.9 mi
- Dave & Buster's Utica4.18.7 mi
- Round1 Bowling & Arcade - Auburn Hills4.19.8 mi
- Urban Air Trampoline and Adventure Park4.28.8 mi
- Little Caesars Arena4.618.4 mi
- Comerica Park4.718.7 mi
- Ford Field4.618.7 mi
- Pine Knob Music Theatre4.614.5 mi
- Huntington Place4.519.5 mi
- Detroit Zoo4.58.1 mi
- Emagine Royal Oak4.37.3 mi
- SEA LIFE Michigan Aquarium4.39.8 mi
- Stony Creek Metropark4.79.7 mi
- MJR Marketplace Cinema4.58.1 mi
- Detroit Institute of Arts4.817.1 mi
- Michigan Central4.818.9 mi
- Motown Museum4.716.4 mi
- Michigan Science Center4.417.2 mi
- Cranbrook House & Gardens4.83.9 mi
- Stony Creek Metropark4.79.7 mi
- Dodge Park4.78.4 mi
- Innovation Hills4.74 mi
- Cranbrook House & Gardens4.83.9 mi
- Red Oaks Waterpark4.46.4 mi
- Topgolf4.29.4 mi
- Cherry Creek Golf Club4.59.8 mi
- Fieldstone Golf Club3.97.8 mi
- Rackham Golf Course3.88.1 mi
- Evolution Sportsplex4.44.6 mi
- Great Lakes Crossing Outlets4.59.9 mi
- Somerset Collection4.62.3 mi
- Oakland Mall4.15 mi
- Meijer410.6 mi
- Meijer4.23.7 mi
- Detroit Metropolitan Wayne County Airport4.327.7 mi
- Windsor International Airport4.224.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular community park featuring sports fields, playgrounds, and walking paths.
A premier luxury shopping destination serving the region.
Key-figure check: median price diverges 21.4% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $675,000 (21.4% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: confirmed genuine market swing — the flagged $675,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.