While Troy maintains its hometown charm, the city is a vibrant business and technology center and a real estate market recognized for its civic spirit and quality of life. Located in the busy northern Detroit suburbs, the Troy housing market is home to more than 81,000 residents and approximately 5,700 thriving businesses that employ 125,000 people. With seven million square feet in retail space, 18 million square feet of office and 20 million square feet of manufacturing/engineering space, Troy is one of a few AAA-rated cities in Michigan and a prime location for new and expanding businesses, located in Oakland County.
Troy, Michigan is considered one of the safest communities in the nation. Homes in Troy are considered by many to be very affordable, and they are surrounded by A+ rated schools as well. The Troy real estate market offers the finest high-end office space in the Midwest, world class shopping and dining, and over 900 acres of parklands.
Ranked 22 on CNNMoney's Best Places to Live, Troy, Michigan is at the heart of Oakland County and is known as one of the most dynamic and livable cities in Michigan. From the safe neighborhoods where kids can play in the nearby playgrounds, to the luxurious Somerset Collection featuring some of the most high-end shops and restaurants, Troy is a great place to call home or go shopping. This business-friendly environment is home to many well-established companies such as Entertainment Publications, ThyssenKrupp USA, and DuPont Automotive.
Troy is the largest city in Oakland County and was recently listed as Michigan’s Sportstown by Sports Illustrated because of its top community sports program. With the Somerset Collection, Oakland Mall, Top of Troy (the city’s largest building) and a proposed Pavilions of Troy - a landscaped square full of boulevards lined with upscale shops, restaurants, offices, theaters, and condominiums - Troy continues to be one of the best places to work and reside in Michigan.
Troy has many great little parks and playgrounds for kids to play on. The neighborhoods are very safe and most have sidewalks along the subdivision streets where children can ride bikes, families can walk together, or you can go on a morning jog.
The median home value in Troy is at $249,700 and almost 90% of homeowners live in the same home year-after-year.
Troy, Michigan was listed as the safest city in Michigan in 2011 and was considered the 19th safest city in the country. With its great neighborhoods and growing commerce and industry, it truly is one of the great cities of Southeast Michigan. If you're raising a family, your children will excel at some top-notch schools and have places to play in the summertime. If you're looking for places to shop, Troy has two malls so that you can find exactly what you're looking for. The restaurants range from fast food to high-end, so whether it's date night or a quick bite with the kids, you'll find it all in Troy, Michigan.
Troy has its own public school system which educates over 12,000 students. Troy High School was recently ranked 8th within Michigan.
The Troy School District has: 12 elementary schools, 4 middle schools, and 4 high schools.
More than 95% of the district's graduates go on to college and have an overall dropout rate of less than 1%. The Troy School District is also considered one of the best communities for music education in the United States.
The first land purchase in Troy dates back to 1819, and at the time was just a settlement known as Troy Corners. Within four years, however, the first public school opened.
Neighboring cities like Clawson, Royal Oak and Birmingham were incorporating some of its land as their cities were growing, so in 1955 Troy incorporated as the City of Troy to prevent it from happening further. In 1966 I-75 was completed, which gave a huge boost to Troy's economy and gave its citizens a direct path to Downtown Detroit.
From this point on, Troy began to grow exponentially. It was because of the I-75 freeway that Troy became what it is today.
You'll be within 10 miles of:
When you live in Troy, Michigan, you'll be able to conveniently visit many places in and around Southeast Michigan.
If you're buying or selling a home in Troy, let our team of Troy real estate agents guide you through buying or selling Troy property today. As local Troy real estate experts and real estate agents, we have exclusive insider knowledge of Troy market dynamics. Let us help you today!
To learn more about agent representation while buying or selling your Troy home, contact the Mark Z home selling team. Check out our comparative market analysis page to receive a free home value analysis in Troy. We'll get to work for you today!