Foreclosure Homes in Troy, MI 48083

Current Market Conditions in Troy, MI

The real estate market in Troy, MI is currently experiencing a significant uptick in demand, leading to a competitive atmosphere for home buyers. The recent trend indicates a steady increase in home values, which reflects the desirability of the area due to its amenities and quality of life.

In general, homes in Troy have been selling quickly, often for above asking price, as buyers are striving to secure properties in this sought-after community. Single-family homes in particular have seen a surge in interest, resulting in a seller's market.

Rent Prices In Troy, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Troy, MI, is on a rollercoaster ride. The average rent price in Troy, MI, is $2,127.00. Indeed, when looking to rent in Troy, MI, you can expect to pay as little as $780.00 or as much as $4,300.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in Troy, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.