Troy, MI Real Estate
According to census data in the year 2000 there were 30,872 housing units in Troy.
This represents a 13.5% growth from 27,197 in 1990.
Of those housing units, 30,872 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Troy is about 77.4%.
Troy's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Troy were built after 1975.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.91|
|Median year structure was built||1975|
|Median Value of occupied units||$219,800|
|Median Price asked for vacant units||$214,100|
Rented Homes, Apartments and Condos
|Average Household Size||1.92|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$737|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||13.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.3%|