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Troy Michigan Real Estate By Jennifer Hershey

Troy Michigan Real Estate

Troy, Michigan, is located in Oakland County, of , and 15 miles N of Detroit, Michigan. Troy has a population of 80,959.

Troy Homes

Troy properties pool is 30,018 residential properties including Troy new homes. Median age of real estate in Troy is 1975. Average Household size is 3.23 people. 1% are one bedroom homes, 8% are 2 bedroom homes, 44% are 3 bedroom homes, 44% are 4 bedroom homes, and 3% are 5+ bedroom homes.

Troy Mortgage Statistics

Troy mortgages vs. USA median statistics

Homes Troy USA
Homes With No Mortgage 22%
30%
Homes With Mortgage 78%
70%
First Mortgage Only 59%
54%
First & Second Mortgage or HELOC 19%
16%

Troy Area Real Estate Tax

Troy Real estate Tax: Median Real Estate Taxes (2000) were $3,015 comparing to 1999 Median Family income $ 92,058. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Troy School District: Children make up 26.2% of Troy population. Troy has 21,218 under 18 years old residents, or 0.51 kids per one worker, or 0.71 kids per one household.

Troy Real Estate & Troy Homeownership

There are 6904.14 or 23% one person households, 9305.58 or 31% two person households, and 5103.06 or 17% three person households in Troy, Michigan. Median residents age is 38.1, Senior citizens (65+) make up 8,286 or 10.2%% of Troy population.

There are 41,434 workers (over 16 years of age) in Troy. Of these, 95.61% drive to work. Approximately 0.35% of workers in Troy take public transportation. An estimated 0.63% walk to work.

Median Troy homeowner's housing expences are 17.3%

Crime in Troy (2003), crimes per 10,000 residents per year

Type of Crime Troy USA, 2003
Violent Crimes
12.35
47.5
Robberies
3.46
14.2
Aggravated Assaults
7.41
29.5
Property Crimes
250
358.8
Burglaries
36.07
74.0
Larceny-Thefts
194.3
241.5
Motor Vehicle Thefts
19.64
43.3

Invest in Troy Properties

When making a decision about buying real estate in Troy Michigan area, you should consider following statistical data:

Category Troy USA
Near Medium City
-
Near Large City
Detroit, Michigan
-
Troy Zip Codes
48083, 48084, 48085, 48098
-
Troy Area Codes
248
-
White population
82.3%
75.1%
African-American population
2.09%
12.3%
Asian
13.25%
3.6%
American Indian & Alaskan
0.15%
0.9%
Hispanic (of any race)
1.46%
12.5%
Median Family Income (1999)
$ 92,058%
$42,000
Population Below Poverty Level
2.74%
12.4%

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See Also:

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Alpena Michigan Real Estate
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Birmingham Michigan Real Estate
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