Troy, Michigan sits in the center of the suburbs. The city had an estimated population of over 83,000 in 2016 —which makes it one of the biggest cities in Oakland County. Troy is a popular place for business and shopping. It features first-class office centers, and proximity to the famous Somerset Collection–an upscale shopping destination for visitors and residents alike.
Troy is highly touted in terms of safety, cost of living, and education. In 2016 the city ranked as the safest city in Michigan (23rd safest city in the US). Aside from safety, it’s a great place to start a business. As noted by NerdWallet back in 2015, Troy was the 4th best small city in the United States to start a business. Whether you are looking to start a business, find a place for your family, or simply enjoy a high standard of living, Troy is a great option to explore.
Troy Median Household Income
The city is home to a variety of businesses, from small family-owned organizations to enterprise level corporate outfits. The median household income for Troy was $96,000 as of the 2016 census. The median resident age is 44. Things in the city are even keel, with a population of 50% males and nearly 50% females.
Neighborhoods & Subdivisions
There are dozens of communities and developments to check out in Troy–from single town homes and multi-generation family homes, to dream spots for land development. Some of the top neighborhoods include:
- Parkview Estates – This is a quaint, impressive neighborhood in the 48083 zip code. These colonial style homes are beautiful, giving residents plenty of curb appeal. This includes features like rear decking, large foyers, and high ceilings. Gourmet kitchens and formal dining rooms are also par for the course. Most homes are 3 to 4 bedrooms, with 2 to 3 baths and feature attached garages.
- Raintree Village – there are 60 houses in this development, all with premium features. Sitting in the center of town, parents can enjoy the benefits of being close to the highly rated Troy School District. These homes offer residents privacy as well as close proximity to freeways, giving residents easy access to fine dining and excellent shopping.
- Athens Meadows – this affluent area is located north of East Wattles Road, and west of Rochester road, in the 48085 zip code. Most of the homes in this subdivision are colonial style, but there are some ranch and contemporary styles homes available. Athens Meadows is walking distance from numerous schools. The houses feature large rooms, bright kitchens, and lots of windows for natural light. You will find houses with 3 to 5 bedrooms, with attached garages and full sized basements.
Troy plays a part of southeast Michigan’s rich rural history. Pioneers first settled on the land in early 1800s, coming from the state of New York. Some settlers arrived by wagon by way of Ohio, while others came through the Erie Canal and the Great Lakes. Early settlers cleared land and farmed their own crops. The earliest known purchase of land that we know today as Troy happened in 1819, which was called the “Troy Township.”
Not long after, a 160 acre settlement called “Troy Corners,” was purchased by Johnson Niles. This land is now known as the north central region of Troy. By the 1880s, Troy was firmly established–well known for crops like wheat, corn, and fruits along with animal byproducts like wool and dairy.
As part of a plan to keep border cities from taking more land, Troy was officially incorporated in the year 1955. After World War II, the city experienced exponential industrial growth, and today boasts a diverse community of over 80,000 people.
Median Home Price
Median 1-Bedroom Rent
Estimated Price Increase Next Year
Troy Home Values
Median Home Price
The average list price per square foot in Troy is $165, which is above average compared to the surrounding areas. Median home prices of houses currently on the market equal $350,000, while the median price of homes that sold are $269,000.
Troy contains six school districts for the communities. There are dozens of highly rated schools that serve students of various age levels and abilities. The Troy School District is a highly rated public school district. It has around 13,000 students from preschool age to high school. The ratio of children to teachers is a favorable 17 to 1.
State testing also indicates that the students of Troy are getting great educations. Additionally, this district is renowned for being a safe place. It ranks as one of the safest schools in Michigan to be a student, as well as a teacher.
Let’s take a look at some of the top schools in the area below.
- International Academy – according to state test scores, 98% 0f the students in this 9-12th grade school are proficient in math, and 96% in reading.
- Troy High School – with a student teacher ratio of 17 to 1, teachers are able to give students the attention they deserve.
- Ernest W. Seaholm High School – another great school with a student teacher ratio of 14 to 1.
- Wass Elementary School – this is another highly rated school with great test scores and a low student to teacher ratio.
Parks & Recreation
- Red Oaks Waterpark – located just a short drive away in Madison Heights, this is a nice place for a family outing, with attractions for kids of all ages.
- Stage Nature Center – a beautifully manicured nature reserve where you can hike and enjoy the outdoors. Perfect for a peaceful walk.
- Troy Historic Village – take a trip back in time and checkout how the people of yesteryear lived with this full scale replica of life in the 1800s.
- Bloomer Park – come here for outdoor sports (especially bicycling). It’s a great stop of mountain bikers of all experience levels.
- Bharatiya Temple – step into another world and visit this famous Hindu temple for a visit, or take part in one of their many events.
Restaurants, bars, shops
If you are looking for a good place to eat you have your work (or your food) cut out for you. Troy is full of interesting shopping destinations, and places to eat or grab a drink. There are a variety of options to choose from, so we will just focus on a few of the top rated establishments.
Noble Fish is a prime sushi spot where you can get the freshest catch and amazing Japanese style food. If you are in the mood for some comfort food taken to the next level, checkout Chadd’s Bistro and try one of their sandwiches. Another popular eatery is Chickpea Kitchen, which we hear is similar to Chipotle with a base of Mediterranean flavor profiles.
There are plenty of places to enjoy a pint and have some delicious bar foods. Two of the most popular spots to eat appetizers and quench your thirst are the Redcoat Tavern, and Clubhouse BFD. The Redcoat Tavern has a hearty menu, and is known for serving up a wide array of different dishes. Clubhouse BFD provides a relaxed atmosphere, as well as high quality food and drink for those looking to unwind.