Key Takeaways

Key Takeaways Troy's median home value sits around $485,000 as of early 2026, with premium neighborhoods like Northfield and Big Beaver/Livernois commanding $600K-$800K+ The city's excellent schools (Troy School District) and corporate presence continue driving steady appreciation, though growth has slowed from the pandemic boom Newer subdivisions near Big Beaver Road are outperforming older ranch-style neighborhoods, creating a clear value divide Properties needing significant updates are sitting longer on market, creating opportunities for cash buyers and investors

Troy Michigan Home Values by Neighborhood: Uncle Charles's 2026 Market Guide

Look, I've been buying houses all over Michigan for years, and Troy always catches my attention. This Oakland County suburb has something most cities would kill for — consistent demand. But here's what the glossy real estate reports won't tell you: not all Troy neighborhoods are created equal, and 2026 is showing some interesting shifts.

I had a homeowner call me last week from Troy who was shocked her 1970s ranch was appraising for $150,000 less than her neighbor's updated colonial just three streets over. "How is that possible?" she asked. Simple — location within location, condition, and timing all matter more than ever in today's market.

The Premium Neighborhoods: Where Money Flows

Northfield Township Area

This is where Troy's serious money lives. We're talking $650,000 to $850,000 for well-maintained homes, sometimes pushing over $1 million for the newer builds on larger lots. The area bounded roughly by Wattles Road to the south and Square Lake Road to the north consistently shows the strongest appreciation.

What drives these values? Simple — newer construction, larger lots, and proximity to both excellent schools and major employers like Altair Engineering and Flagstar Bank. These properties rarely hit the distressed market, but when they do, it's usually estate situations or job relocations.

Big Beaver Road Corridor

The stretch along Big Beaver between Rochester Road and Coolidge Highway is Troy's commercial heart, and the residential areas nearby benefit big time. Home values here range from $450,000 to $650,000, depending on how close you get to the road itself.

Here's the thing about this area — it's all about convenience. You've got Somerset Collection, corporate offices, and easy highway access. Families pay premium prices to live within walking distance of everything they need.

The Steady Middle: Troy's Bread and Butter

Central Troy Neighborhoods

Most of Troy falls into this category — solid neighborhoods with homes ranging from $400,000 to $550,000. These are the areas between 14 Mile and Wattles, east and west of Rochester Road. Lots of 1960s-1980s builds that have been well-maintained over the decades.

I see steady demand here from families who want Troy schools and community but don't need the premium addresses. The key differentiator? Updates. A house with a renovated kitchen and bathrooms can command $50,000-$75,000 more than its identical neighbor with original everything.

Troy Corners and Older Subdivisions

The southeastern sections of Troy, closer to the Detroit border, offer more affordable entry points — typically $350,000 to $450,000. These neighborhoods feature smaller lots and older homes, but they're still Troy, which means great schools and city services.

Smart buyers are discovering these areas, especially young families who prioritize school district over house size. I've seen bidding wars break out over well-priced properties in these neighborhoods.

What's Really Driving Troy's Market in 2026

After handling hundreds of transactions in Oakland County, here's what I know moves Troy's needle:

The School Factor

Troy School District consistently ranks in Michigan's top 10, and parents will stretch their budgets to get their kids enrolled. This creates artificial price floors — even properties needing work hold value because of that school district address.

I've bought houses in Troy that needed $75,000 in repairs, and they still commanded premium prices because savvy investors knew families would pay for the schools.

Corporate Presence

Troy hosts dozens of major employers, from automotive suppliers to tech companies. When these businesses expand, housing demand jumps. When they contract or relocate, I get more calls from motivated sellers.

The city's business-friendly environment means new companies keep arriving, providing steady employment base that supports home values.

Infrastructure and Development

Troy doesn't just maintain its infrastructure — it improves it. Road improvements, park upgrades, and smart city initiatives all contribute to property values. The city's investment in itself shows in home appreciation rates.

The Reality Check: Where Values Are Struggling

Not everything in Troy is sunshine and rising values. Here's what I'm seeing on the ground:

Properties Needing Major Updates

Homes with original 1960s-1970s everything are sitting longer on market. Buyers today want move-in ready, or they want a significant discount to justify the renovation costs. Properties with outdated electrical, original windows, or funky floor plans are becoming harder sells.

That's where HOMESELL USA comes in. We buy these properties cash, handle the updates ourselves, and save homeowners the headache of competing in a market that increasingly favors turnkey properties.

High-Maintenance Properties

Large lots that were selling points in the 1990s are becoming burdens for some owners. Properties requiring significant landscaping, pool maintenance, or structural repairs are taking longer to sell through traditional channels.

Neighborhood-Specific Value Trends

Based on recent market data and my own transaction experience, here's the breakdown:

Appreciating Faster: Northfield area, Big Beaver corridor, newer subdivisions near major employers
Steady Growth: Central Troy neighborhoods with updated properties
Slower Appreciation: Older subdivisions needing updates, properties with deferred maintenance

The gap between updated and non-updated properties is widening. In 2020, the difference might have been $30,000. In 2026, it's closer to $75,000-$100,000.

What This Means for Property Owners

Whether you're thinking of selling or just trying to understand your investment, here's my straight advice:

If you're in a premium Troy neighborhood with an updated property, you're sitting pretty. Market conditions favor you, and you have options.

If you're in a good Troy neighborhood but your property needs work, you need to make a decision. Either invest in updates to capture full market value, or sell as-is to someone like HOMESELL USA who can handle the improvements.

If you're dealing with a property that has issues — title problems, estate complications, or needs major repairs — the traditional market might not serve you well. That's exactly the situation we specialize in.

Look, I've seen this story play out hundreds of times. Troy's market rewards properties that are ready for today's buyers and penalizes those that aren't. The good news? Every property situation has a solution, whether that's through traditional sale, cash buyer, or investor transaction.

If any of this sounds like your situation, give Uncle Charles a call at HOMESELL USA. No pressure, no judgment — just straight answers about your property and your options in Troy's unique market.

Frequently Asked Questions

Frequently Asked Questions

What's the average home price in Troy, Michigan in 2026?

Troy's median home value is approximately $485,000 as of early 2026, but this varies significantly by neighborhood. Premium areas like Northfield command $650K-$850K+, while more affordable sections range from $350K-$450K. The key factors are location within the city, home condition, and proximity to schools and employers.

Which Troy neighborhoods have the highest property values?

The Northfield Township area and Big Beaver Road corridor consistently show the highest values. Northfield features newer construction and larger lots with homes ranging $650K-$850K+. The Big Beaver corridor offers convenience to shopping and employers, with values typically $450K-$650K depending on proximity to commercial areas.

Are home values rising or falling in Troy?

Troy shows steady but slower appreciation compared to the pandemic boom years. Premium neighborhoods with updated properties continue rising, while older homes needing significant updates are experiencing slower growth. The gap between updated and non-updated properties has widened to $75K-$100K in many cases.

What drives property values in Troy, Michigan?

Three main factors drive Troy values: the excellent Troy School District (consistently top 10 in Michigan), strong corporate presence providing stable employment, and the city's investment in infrastructure and services. Proximity to major employers like those in the Big Beaver corridor also significantly impacts values.

Should I update my Troy home before selling?

It depends on your situation and timeline. Updated properties in Troy command significantly higher prices — often $50K-$75K more than similar non-updated homes. However, if you need to sell quickly or don't want the hassle of renovations, cash buyers like HOMESELL USA can purchase as-is and handle updates themselves.