Zip lookup · MI

48084
Troy, Michigan.

Troy, Oakland County, MI · Detroit-Warren-Dearborn, MI metro · population 15,960

What it costs per month · 48084 $2,504/mo

to buy the typical home at today's mortgage rate — +$1,287 (+106%) since Jan 2020.

What the home itself did
1 year
Up $13,827 +3%
$463,219$477,047 since Sep 2025
5 years
Up $93,602 +24%
$383,445$477,047 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 48084 $2,504 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 48084$2,504
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 16 years.

Typical home values in zip 48084 rose 3.0% over the past year — faster than the nation's +1.2%.

Asking rents in zip 48084 rose 4.2% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 48084 runs $1,849/mo more than renting one — the widest that gap has been in this data.

That is $3,520 a month against $1,671 rent: a $2,504 mortgage payment, plus $506 property tax and $511 insurance & upkeep.

Owning vs renting — zip 48084

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,500 $2,000 $2,500 $3,000 $3,500 2021 2022 2023 2024 2025 2026 Owning all in $3,520 Renting $1,671 Mortgage only $2,504
$1,500 $2,000 $2,500 $3,000 $3,500 2022 2024 2026
  • Owning all in$3,520
  • Renting$1,671
  • Mortgage only$2,504

Property tax · $506/mo 1.27% of value a year — the ACS 2020-2024 median bill over the median home value for Oakland County, MI

Insurance & upkeep · $511/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Troy, MI — measured over the city limits, which is a different area from this zip.

Asking rent $1,671 as of Sep 2026
+4.2%year on year
Typical home value $477,047 as of Sep 2026
+3.0%year on year

Asking rent — 48084

Against the Detroit-Warren-Dearborn, MI metro and the national benchmark.

$1,200 $1,400 $1,600 $1,800 2021 2022 2023 2024 2025 2026 48084 $1,671 Detroit $1,514 United States $1,932
$1,200 $1,400 $1,600 $1,800 2022 2024 2026
  • 48084$1,671
  • Detroit$1,514
  • United States$1,932

Typical home value — 48084

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 48084 $477,047 Detroit $264,316 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • 48084$477,047
  • Detroit$264,316
  • United States$366,157

Within 20 miles

Showing 30 of 130 zips in range — sorting picks from all 130.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
2.1 48017 Clawson 11,350 $1,578 $283,554
2.4 48009 Birmingham 21,772 $2,682 $744,196
2.7 48098 Troy 20,936 $2,414 $584,080
2.9 48073 Royal Oak 33,106 $1,711 $318,952
3.0 48083 Troy 23,771 $1,895 $352,514
3.5 48304 Bloomfield Hills 17,387 $2,791 $540,264
4.0 48085 Troy 27,231 $2,586 $456,871
4.4 48072 Berkley 15,149 $2,014 $312,744
5.2 48076 Southfield 25,405 $1,656 $291,947
5.2 48071 Madison Heights 28,419 $1,565 $215,497
5.2 48067 Royal Oak 24,868 $2,099 $338,836
5.4 48025 Franklin 14,734 $2,874 $641,764
5.5 48070 Huntington Woods 6,328 — $539,933
5.5 48310 Sterling Heights 43,354 $1,563 $314,282
5.6 48301 Bloomfield Hills 14,682 $3,070 $793,537
6.4 48302 Bloomfield Hills 17,505 $2,167 $730,285
6.4 48069 Pleasant Ridge 2,602 — $482,669
6.6 48237 Oak Park 29,318 $1,540 $231,297
6.8 48092 Warren 27,374 $1,741 $238,382
6.8 48309 Rochester 30,685 $2,175 $481,294
7.0 48314 Sterling Heights 21,803 $1,711 $357,702
7.3 48307 Rochester 44,714 $1,795 $413,997
7.3 48034 Southfield 14,796 $1,473 $253,920
7.4 48075 Southfield 22,841 $1,648 $235,439
7.4 48220 Ferndale 21,527 $1,654 $241,047
7.6 48341 Pontiac 18,924 $1,602 $146,619
7.7 48342 Pontiac 17,564 $1,359 $125,270
7.9 48030 Hazel Park 14,963 $1,525 $154,149
8.5 48312 Sterling Heights 34,401 $1,491 $290,549
8.6 48317 Utica 27,565 $1,446 $296,225

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.