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Tucked into the southeast quadrant of Troy, ZIP 48083 is the city’s value foothold: older brick ranches and colonials lining John R and Rochester Road, with light-industrial and commercial pockets hugging I-75. Unlike the pricier northern Troy ZIPs, 48083 draws first-time buyers who want a foot in one of Metro Detroit’s premier office-and-retail hubs without the top-tier price tag. The Big Beaver Road corporate corridor, home to Kelly Services’ headquarters, Flagstar Bank, and a dense cluster of automotive and finance employers, sits minutes north, and the Somerset Collection anchors upscale retail just up the road. Troy’s population runs near 90,000, and the broader market stays tight. For buyers, 48083 is where Troy’s location, schools, and job access become genuinely attainable.

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The median sale price in 48083 sits around $352,000, the most affordable of Troy’s four ZIPs, where the city-wide median runs closer to $415,000. Values have been roughly flat year-over-year; Zillow shows Troy home values down about 0.2% over the past twelve months, with some short-term three-month windows dipping more sharply. Homes move at about 41 days on market against roughly 2.1 months of inventory, a seller-leaning balance. Demand here is driven by affordability relative to the rest of Troy, proximity to the Big Beaver job corridor, and the older-but-solid ranch-and-colonial housing stock that gives entry-level buyers room to compete.

Most 2026 data pegs the typical 48084 home around $450,000, though sources spread from roughly $415K (Zillow citywide) to about $482K for the ZIP itself. Year over year the market is essentially flat, Zillow shows -0.2% citywide while Redfin reported a sharper -5.9% dip, so the read on direction depends on the source. Homes are taking about 20 days to sell, up from roughly 13 a year earlier, meaning the frenzy has cooled but inventory still moves. Demand is driven by Troy School District’s reputation, Somerset-corridor employers, and quick I-75 access, while the Somerset and Wattles luxury pockets pull the high end past $600K.

The typical 48085 home runs roughly $415,000 to $440,000, though single-family houses in this ZIP often list closer to $450,000 and condos hover near $320,000. Year-over-year direction depends on the source, Zillow shows +3.0% while Redfin reports -5.9% over three months, netting out to roughly flat-to-slightly-up. Pace is the real story: homes go pending in a median of 18 to 26 days, down about 20% year over year, often with around three competing offers. Demand is driven by the school district, corporate-HQ employment, and easy I-75 access, all of which keep inventory tight and well-prepared buyers winning.

Troy’s citywide median sale price ran about $475,000 in spring 2026, and 48098 specifically tends to land a touch higher, roughly $463,000 to $475,000 (Redfin). (Zillow’s blended “typical value” of about $415,000 looks lower only because it folds in condos and cheaper Troy ZIPs.) Year-over-year prices are roughly flat to modestly soft, with Zillow’s ZHVI near -0.2%. Demand stays hot: homes typically go pending in about 15 days, and the most desirable listings move in roughly a week, often at or above list. School zoning, corridor jobs, and limited new construction keep 48098 a firm seller’s market.

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Troy Real Estate & Mortgage Overview

To comfortably carry the ~$352,000 median 48083 home, plan on roughly $95,000-$105,000 in household income, figuring a 10-20% down payment, a rate near 6.5-7%, and about $3,400/year in taxes at a ~28% front-end DTI. Property taxes are a 48083 advantage: Troy’s effective rate is ~1.28%, but this ZIP carries the lowest median bill of any Troy ZIP, around $3,402/year, because of how school-district millages fall. Always confirm the principal-residence (homestead) exemption. At this price point most 48083 purchases stay well under conforming limits, so FHA and first-time-buyer programs, including MSHDA down-payment assistance, fit better here than jumbo financing.

What it's Like to Live in Troy

ZIP 48083’s housing is a mix of established subdivisions and older attainable stock:

Raintree Village (~$300,000-$450,000), a central, established family enclave near freeways and shopping.
Beaver Trails (~$300,000-$475,000), an established planned subdivision in the Troy area.
Eden Gardens (~$350,000-$600,000+), a blend of established homes and newer construction.
Charnwood / Sunnydale area, southeast Troy (~$250,000-$400,000), older brick ranches and colonials typical of 48083’s most attainable inventory.

Schools vary by street. Most of Troy sits in the highly rated Troy School District), but parts of southeast Troy/48083 fall under Warren Consolidated Schools (Susick Elementary on Castleton Dr is in 48083), with a small western sliver in Royal Oak schools. Verify the boundary for any specific address. Commute: downtown Detroit is about 21-22 miles, roughly 25-35 minutes via I-75, with SMART FAST Woodward bus service as an alternative.

Raintree Village (Big Beaver corridor), ~$420K-$520K. Established 1970s-90s single-family homes plus condos; median near $460K.
Sylvan Glen area, ~$350K-$475K. Older ranches and colonials by the golf course; among central/south Troy’s more affordable pockets.
Big Beaver / Coolidge high-rise & condo corridor, ~$250K-$500K+. Walkable to Somerset, in one of the highest-income census areas in the U.S.
Somerset / Wattles luxury pockets, $600K-$1M+. Estate-style homes at the top of the Troy market.
Charnwood / Eton-Maple area, ~$350K-$500K. Mid-century and updated homes; parts served by Birmingham Public Schools (Pembroke Elementary on Eton Dr).

Most addresses feed the highly rated Troy School District, but the southwestern slice of 48084 falls within Birmingham Public Schools, confirm the assignment per address. Downtown Detroit is about 20-22 miles south, a 25-35 minute drive via I-75 (or roughly 1 hour 5 minutes on SMART line 461).

ZIP 48085 covers northeast Troy, where these named subdivisions anchor the market:

Sylvan Glen / Golf Estates (~$450,000-$600,000+): Upper-middle-income streets with mature trees wrapping the Sylvan Glen golf course; NeighborhoodScout pegs the median near $515,000.
Meadowland Estates (~$400,000-$550,000): Established single-family subdivision in the heart of the 48085 quadrant.
Charnwood (~$375,000-$500,000): Family-oriented north/northeast neighborhood served by Troy School District.
Raintree (~$400,000-$525,000): Popular pocket near the Wattles/Long Lake corridor.
Serravale / Elgin Corners (~$425,000-$600,000): Newer-build pockets in northeast Troy.

Most of 48085 falls in the highly rated Troy School District (Troy High, Athens High), with portions of the north and east served by Avondale School District, confirm the assignment by exact address. Downtown Detroit is about 18-20 miles south via I-75, roughly a 25-minute off-peak commute (35-45 in rush hour).

Stonehenge (~$450,000-$700,000): Established northwest-Troy subdivision with larger colonials and quiet cul-de-sacs like Stonehenge Court.
Charnwood (~$500,000-$800,000): Upscale northern-Troy pocket in the Athens High School zone, the priciest tier in 48098.
Beach Forest (~$400,000-$650,000): Well-regarded family subdivision with mature trees and sidewalks.
Sylvan Glen / Raintree (~$400,000-$700,000): Established homes near Sylvan Glen Golf Course with strong park access.
Wattles (Old Troy north) (~$375,000-$600,000): Older established neighborhoods along the Wattles/Long Lake corridor.

Most of 48098 feeds the nationally ranked Troy School District (Athens High School, a National Blue Ribbon school with 27 AP courses); a small far-northern slice falls in Avondale, verify by address. Downtown Detroit is about 20-21 miles south, a 25-35 minute run down I-75.

Troy covers residential ZIP codes 48083, 48084, 48085 and 48098.

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Troy Mortgage FAQ's

What is the median home price in Troy's 48083 ZIP code?

The median sale price in 48083 is roughly $352,000, making it the most affordable of Troy’s ZIP codes (Troy city-wide typically runs around $415,000). Prices in 48083 range widely from the low $200,000s for older ranches to $800,000+ for newer or larger homes.

How fast are homes selling in Troy right now?

Quickly. Troy is a competitive market where homes spend a median of roughly 18-26 days on the market in 2026 (down about 20% year over year), often drawing multiple offers. Pre-approval and a tight offer strategy matter here.

Are homes in 48083 selling quickly?

Yes. Troy homes are averaging around 41 days on market with only about 2.1 months of inventory, which keeps it a relatively tight, seller-leaning market. Well-priced 48083 homes, especially affordable starter properties, tend to move faster than the city average.

How competitive is the 48084 housing market right now?

Homes in Troy are taking about 20 days to sell as of spring 2026, up from roughly 13 days a year earlier, so the market has cooled slightly but remains active. Prices are essentially flat year over year, with one source showing a small dip, so buyers have a bit more breathing room than in recent peak years.

What are property taxes like in the 48085 ZIP code?

The median effective property tax rate in 48085 is about 1.24%. Your actual bill is the combined City of Troy, Oakland County, and school-district millage, and Michigan’s Principal Residence (homestead) Exemption lowers the rate on an owner-occupied home versus a rental or second home.

How much income do I need to buy a typical 48083 home?

To comfortably afford the ~$352,000 median home, plan on roughly $95,000-$105,000 in household income (assuming a 10-20% down payment, a rate around 6.5-7%, and about $3,400/year in property taxes). 48083 is often the entry point for first-time buyers who want Troy’s location at a lower price.

Which school districts serve Troy 48085?

Most of Troy, including the majority of 48085, is in the highly rated Troy School District. Portions of northern and eastern Troy fall within Avondale School District, and a small slice of the city is served by Lamphere Public Schools, so buyers should confirm the assigned district by exact address.

What's the commute from 48083 to downtown Detroit?

It’s about 21-22 miles, or roughly 25-35 minutes by car via I-75 depending on traffic. Troy’s central Oakland County location also puts major job centers like the Big Beaver corporate corridor, Somerset Collection, and Sterling Heights within a short drive, plus SMART FAST bus service to Detroit.

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