Real Estate Investing in Troy, Michigan (48083)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48083 (Troy, MI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Troy, MI (48083)?
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Market Analysis: 48083 Troy
This part of Oakland County is not an easy win. The 48083 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,925/mo on a $363K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 48083 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 48083 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Stepping back, 23,619 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 48083 is an operator game, not a passive one. Turning to rents, entry prices of $363K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Troy:
Property Strategy for 48083
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,567 | $1,750 | 5.7% | +6.7% | $110,283 |
| 3BR | $330,399 | $2,140 | 4.7% | +6.6% | $110,133 |
| 4BR | $465,461 | $2,320 | 3.6% | +7.1% | $116,365 |
| 5BR | $532,247 | — | — | +7.4% | $106,449 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48083 Compare?
| Metric | 48083 | Troy | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $362,690 | $480,365 | N/A | $253,279 |
| 5-Year CAGR | 4.8% | 5.3% | N/A | 6.8% |
| Avg Rent | $1,925 | $2,126 | N/A | - |
| Cap Rate | 4.1% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48083 (Troy, MI). Anonymous, moderated, never written by AI.
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Property managers serving Oakland County
Manage rentals here? List your business →Symmetry Management specializes in commercial real estate management. summary from their website
Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Great Day Realty is a real estate company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $362,690 |
| Monthly Rent | $1,925 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +26.0% ▲ |
| 3-Year CAGR | +10.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48083
Population: 23,619
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48083
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Holden Elementary School
Paul A Schalm School
Clawson High School
Harwood Elementary School
Jefferson Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much does a house cost in Troy, MI?
Homes in Troy, MI typically sell near $363K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What kind of tenants rent in Troy, MI?
Troy, MI offers a predictable renter base at the $1,925/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much do tenants pay in Troy, MI?
Rent in Troy, MI is around $1,925/mo. The resulting rent-to-value relationship with $363K pricing is reasonable for most investor models.
How high is vacancy risk in Troy, MI?
Troy, MI carries elevated vacancy risk. Expect reliable absorption at market rents of $1,925/mo.
How do landlord-tenant laws work in Troy, MI?
MI ranks as a landlord-friendly state for landlord-tenant law. Troy generally follows the statewide framework, so landlords face reasonable operating rules.
You know 48083 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48083 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 48083 ranks in Detroit-Warren-Dearborn, MI
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