Key Takeaways

Key Takeaways Diversified Economy: Troy's mix of Fortune 500 headquarters, tech companies, and service industries creates stable employment that supports consistent housing demand Strong Market Metrics: With median home prices at $385,000, just 28 days average market time, and 2.8% unemployment, Troy significantly outperforms state averages Infrastructure Investment: Ongoing improvements to transportation, utilities, and technology infrastructure support long-term property value growth Premium Market Position: Troy commands higher prices and taxes but delivers quality, stability, and strong resale values that justify the premium for most buyers

Troy Michigan's Economic Engine: How Major Employers and Development Drive Real Estate in 2026

Look, I've been buying houses across the country for years, and Troy, Michigan keeps catching my attention. Not just because it's consistently one of the most stable markets in the Detroit metro area, but because this city has figured out something a lot of places haven't — how to build a diverse economic foundation that keeps the housing market humming.

I had a homeowner call me last month from Troy who was relocating for work. She said, "Uncle Charles, I can't believe how many people want to buy here. Even in winter!" That's the Troy advantage right there — steady demand driven by solid economics.

The Economic Powerhouse Behind Troy's Real Estate

Here's the deal with Troy: this city didn't put all its eggs in one basket like so many Michigan towns did with automotive. Sure, cars are still important, but Troy diversified decades ago, and it's paying off big time in 2026.

Major Employers Keeping the Market Strong

The numbers tell the story. Troy is home to more Fortune 500 company headquarters than almost any city its size. We're talking about:

• Altair Engineering — Software and tech services employing thousands of high-skilled workers
• Kelly Services — Global workforce solutions headquartered right in Troy
• Flagstar Bank — Major financial services employer
• Mahle — Automotive parts and technology
• Brose North America — Auto supplier with significant local presence

But what really impresses me is the tech sector growth. Troy has become a hub for engineering services, software development, and automotive technology. These aren't just jobs — they're careers that pay well and attract educated professionals who buy houses and stay put.

The Somerset Collection Effect

You can't talk about Troy's economy without mentioning Somerset Collection. This isn't just a mall — it's an economic anchor that employs thousands and generates massive tax revenue. Even as retail has struggled nationally, Somerset has adapted with luxury brands, dining, and mixed-use development that keeps drawing people and dollars to Troy.

Infrastructure Investment Driving Growth

I've seen this pattern in successful markets across the country — cities that invest in infrastructure see sustained real estate growth. Troy gets this.

Transportation and Accessibility

Troy's location is money in the bank for real estate values. You've got I-75 and I-696 intersecting right here, putting residents within easy reach of Detroit, Ann Arbor, and Flint. The city has also invested heavily in road maintenance and traffic flow improvements.

But here's what really smart: Troy is planning for the future with electric vehicle infrastructure and smart traffic systems. When I talk to investors about long-term holds, this kind of forward thinking matters.

Utilities and Technology Infrastructure

Troy has some of the most reliable utilities in Southeast Michigan. DTE Energy has invested millions in grid improvements here, and the city has prioritized high-speed internet access. For a generation that works from home, this stuff directly impacts where people want to live.

How This Translates to Real Estate Numbers

Let me give you the straight numbers on what Troy's economy means for housing:

As of February 2026, median home prices in Troy are running around $385,000 — significantly higher than the Michigan average of $285,000. But here's the thing: homes are still selling. Average days on market is just 28 days, compared to 45 days statewide.

The employment picture is solid. Unemployment in Troy sits at 2.8%, well below the national average of 3.4%. When people have steady, good-paying jobs, they buy houses and they make their mortgage payments. It's that simple.

The Rental Market Story

Troy's rental market is interesting too. With so many corporate headquarters, there's steady demand for executive housing and short-term rentals for business travelers. I've worked with several investors who've done well with higher-end rental properties here.

Average rent for a two-bedroom apartment runs about $1,450, which supports healthy property values for investors looking at rental income potential.

Economic Development on the Horizon

What excites me about Troy is they're not sitting still. The city has several major development projects in the pipeline for 2026 and beyond.

The Big Beaver Road Corridor

Troy is reimagining Big Beaver Road as a mixed-use corridor with office space, retail, and higher-density housing. This isn't just about adding buildings — it's about creating walkable neighborhoods that attract younger professionals.

Technology and Innovation Focus

The city has partnered with Oakland County and local universities to create innovation districts that support tech startups and established companies expanding their operations. More businesses mean more jobs, which means more housing demand.

Challenges and Opportunities

Look, I'm not going to blow sunshine here. Troy faces some real challenges that affect real estate:

Housing Supply: There simply aren't enough homes for sale to meet demand. New construction has been limited by available land and zoning restrictions. This is good for sellers and existing property values, but it creates affordability pressures.

Property Taxes: Troy's property taxes are higher than some surrounding communities. The city provides excellent services, but buyers factor this into their decisions.

Competition: Troy competes with other attractive suburbs like Rochester Hills and Bloomfield Hills for the same demographic of buyers.

What This Means for Property Owners

Whether you're thinking of selling, buying, or just want to understand your investment, here's what Troy's economic strength means:

If you own property in Troy, you're sitting on a solid asset. The economic fundamentals support steady appreciation, and there's strong rental demand if you want to hold and rent.

If you're looking to buy, understand that you're paying for quality and stability. Troy isn't the cheapest option, but it's proven resilient through economic ups and downs.

For investors, Troy offers opportunities but requires capital. The days of finding distressed properties here are mostly behind us, but solid rental properties and fix-and-flips can still work with the right numbers.

The Bottom Line

Troy's real estate market in 2026 reflects what happens when a city gets the economic development formula right. Diverse employers, smart infrastructure investment, and quality of life create sustained housing demand.

At HOMESELL USA, we work with property owners throughout Metro Detroit, including Troy. Whether someone needs to sell quickly due to job relocation, divorce, or other life changes, we understand how local economics affect property values and timing.

The Troy market rewards patience and quality, but it also moves fast when the right opportunity appears. That's the kind of market that keeps both homeowners and investors engaged.

Whether you sell to us or someone else, understanding your local economic picture helps you make better decisions about timing, pricing, and strategy. Troy's economic strength gives property owners options — and that's always a good position to be in.

If you own property in Troy or anywhere else in Michigan and you're thinking about your next move, give Uncle Charles a call. No pressure, no judgment — just straight answers about your options in today's market. Sometimes it helps to talk through your situation with someone who's seen it all and understands how local economics really affect real estate decisions.

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