The last 12 months, updated monthly
Least Expensive Neighborhoods in Troy, MI
15 Troy neighborhoods with at least 3 home sales over the last 12 months, ranked on the median sale price, lowest first. Across Troy, 130 homes sold at a median of $475,000 and the median asking rent was $2,750 a month.
Home prices and rents by neighborhood
| # | Neighborhood | Median sale | Per sq ft | Sales | Median rent | vs year before |
|---|---|---|---|---|---|---|
| 1 | Addison Heights | $259,700 | $242 | 3 | $2,023 | |
| 2 | Glen-Moor Estates | $400,000 | $173 | 3 | ||
| 3 | Lakewood | $420,000 | $269 | 3 | ||
| 4 | Emerald Lakes Village | $420,000 | $205 | 5 | $2,950 | |
| 5 | Windmill Pointe | $425,000 | $213 | 6 | $2,600 | |
| 6 | Shallowbrook | $475,000 | $224 | 3 | ||
| 7 | Raintree Village | $478,000 | $221 | 3 | $3,675 | |
| 8 | Stoneridge | $492,500 | $232 | 4 | $5,000 | |
| 9 | Troy Estates | $588,000 | $230 | 4 | ||
| 10 | Forest Creek | $650,000 | $178 | 5 | $3,850 | |
| 11 | Chelsea Village | $653,000 | $168 | 3 | $4,000 | |
| 12 | Crescent Ridge | $687,000 | $205 | 5 | $4,000 | |
| 13 | Village of Troy | $785,000 | $275 | 3 | $2,500 | |
| 14 | Somerset North | $868,800 | $197 | 3 | ||
| 15 | Woodlands of Troy | $885,000 | $216 | 3 |
What stands out
- Widest gap
- Woodlands of Troy ($885,000) against Addison Heights ($259,700).
- Highest rent for the price
- Stoneridge: a year's median rent is 12.2% of the median sale price.
- Most homes sold
- Windmill Pointe, 6 sales.
The homes behind the top of the list
The highest sales of the last 12 months in Troy's priciest neighborhoods.
Addison Heights
- 141 Woodslee St $472,000
- 160 Chopin Ave $259,700
- 134 Chopin St $174,000
Glen-Moor Estates
- 6429 Houghten St $440,500
- 6382 Houghten St $400,000
- 6382 Houghten Dr $400,000
Lakewood
- 184 Carter Dr $420,000
- 184 Carter Ave $420,000
- 467 Paragon Ave $396,600
Troy neighborhood reports
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Keep exploring Troy
Troy neighborhood cost questions
5 questions
What is the cheapest neighborhood in Troy?
Addison Heights: homes there sold at a median of $259,700 over the last 12 months, from 3 sales.
How much does it cost to rent in Troy?
The median asking rent across Troy's neighborhoods was $2,750 a month, from 49 homes listed for rent.
How are the neighborhoods ranked?
On the median sale price of the homes that sold inside each neighborhood's boundary. A neighborhood needs at least 3 sales to be ranked. Price per square foot uses homes with a recorded size.
How often is this report updated?
Every month, with a report for each month, quarter, half year and year once enough homes have sold.
Where do the numbers come from?
Homes sold, listed and rented through the MLS and Zillow, placed in each neighborhood by its recorded boundary. Medians, so half sold above and half below.