Troy & Oakland Township, MI Real Estate Market Update 2026 — What Homeowners Need to Know By Cody Roark | HomesbyRoark.com | Epique Realty

Troy and Oakland Township sit at two very different price points — but they share one thing in common: both are among the most desirable and durable real estate markets in all of Oakland County. Whether you own a $450,000 home in Troy or a $750,000+ custom home in Oakland Township, the 2026 market has a clear story to tell.

Here's what the current data says — and what it means for you as a homeowner.

Troy, MI Real Estate Market Snapshot — 2026

Troy continues to be one of Oakland County's strongest mid-tier markets. Median home prices in Troy sit in the low-to-mid $400,000s, with single-family homes averaging around $450,000 and condominiums around $321,000. With only 117 homes available in early 2026, the months of supply sits at just 2.1 — well below the 4 to 6 months that would indicate a balanced market. That number alone tells you buyers are competing for a limited supply of homes in Troy right now.

Homes are going pending in about 25 to 26 days for correctly priced listings, and the best-prepared homes move even faster. Home values in Troy are projected to appreciate toward $523,000 by 2031 — roughly 17% over five years — reinforcing Troy's position as a strong long-term hold for homeowners.

Troy School District remains one of the market's biggest engines, consistently ranked third in Michigan and third in the Detroit area. For families, that's not a nice-to-have — it's a primary purchase driver that keeps demand elevated regardless of rate fluctuations.

Oakland Township, MI Real Estate Market Snapshot — 2026

Oakland Township operates in an entirely different tier. Median home sale prices in early 2026 range from $700,000 to $875,000 depending on the specific neighborhood and lot size — reflecting the premium commanded by the township's established housing stock and custom builds. Newer developments often push closer to the $1,000,000 mark due to current material costs and larger floor plans.

The local housing market is heavily weighted toward single-family homes with substantial square footage. Living expenses in Oakland Township are about 14.6% more expensive overall than the broader state of Michigan, with housing being the primary driver. The area is heavily owner-occupied with a very limited rental market, which keeps the community stable and desirable.

The effective property tax rate in Oakland Township is approximately 1.04% — meaning a median annual property tax bill often lands around $5,372. At this price point, buyers are almost always working with jumbo financing, which carries its own set of mortgage considerations.

The Mortgage Picture for Troy and Oakland Township Sellers

As of May 23, 2026, current 30-year fixed mortgage rates in Michigan sit at 6.49%, with 15-year fixed rates at 5.875%.

For Troy sellers at the $450,000 price point: a buyer financing $360,000 at 6.49% after 20% down is looking at a monthly principal and interest payment of roughly $2,275. That's meaningful — and as rates tick down from the 7%+ levels we saw earlier this year, more buyers get unlocked at Troy's price range, expanding your pool and strengthening your position.

For Oakland Township sellers in the $700,000 to $875,000 range: buyers at this tier are often financing with jumbo loans, which carry rates slightly above conventional conforming loan rates. At $700,000 with 20% down, a buyer financing $560,000 at 6.75% is looking at a monthly payment of roughly $3,632. Knowing the financing landscape at this price point — and vetting buyer pre-approval carefully before accepting an offer — is critical to a smooth transaction.

As someone who works on both the real estate and mortgage side, I understand both the conventional financing world that drives the Troy market and the jumbo financing dynamics in Oakland Township. That dual perspective makes me a stronger advocate for sellers in both communities.

What's Driving Both Markets in 2026

Troy — Employment, Schools, and Supply Constraints

Troy is a major employment hub with a diverse economy spanning healthcare, technology, and financial services. Top employers include Beaumont Health, Magna International, and Flagstar Bank. The median household income in Troy is approximately $115,000 — well above state and national averages — supporting a buyer pool with real purchasing power.

Combine that income base with only 2.1 months of supply and a school district ranked top 3 in Michigan, and you have a market that structurally favors sellers who are prepared.

Oakland Township — Space, Privacy, and Custom Quality

Oakland Township attracts a specific buyer: someone who wants substantial square footage, acreage, privacy, and the quality of custom construction. This isn't a market driven by school district rankings alone — it's driven by lifestyle. The buyer shopping in Oakland Township has usually already solved the school question and is now optimizing for space, lot size, and the kind of home you simply can't find in denser communities.

Oakland County home values are leading all of Southeast Michigan in Spring 2026, with the county averaging $386,000 — and Oakland Township homeowners are sitting significantly above that average, reflecting the premium this community commands.

Selling in Troy vs. Oakland Township — What's Different

Troy is a faster-moving market. Well-priced homes move in 25 to 26 days, buyers are plentiful, and the price point supports conventional financing for most transactions. Strategy is about precision pricing and strong marketing execution.

Oakland Township moves more deliberately. Buyers at the $700,000 to $875,000+ range take more time, do more due diligence, and often involve more complex financing. The homes that sell well here are professionally presented, impeccably maintained, and priced with surgical accuracy against a smaller comp set. Off-market transactions are not uncommon at the higher end of this market.

Both markets reward preparation. Neither rewards overpricing.

What Oakland County's Broader Trend Means for Both Communities

Oakland County home prices were up 3.5% year-over-year in March 2026, selling for a median price of $352,000. Troy and Oakland Township are both outperforming that county median significantly — which confirms that both communities carry a durable premium that buyers consistently pay.

About 26% of homes across Oakland County are still selling above list price in 2026 — meaning well-prepared, correctly priced homes are still attracting genuine competition. That's the environment you want to be listing into.

Ready to Find Out What Your Troy or Oakland Township Home Is Worth in 2026?

I'm Cody Roark, a listing-focused realtor and mortgage production partner serving Troy, Oakland Township, and all of Oakland County through Epique Realty. I combine real-time market data with mortgage expertise to give you the complete picture — not just what your home is worth, but what buyers can actually afford to pay for it today.

My commitment goes beyond the closing table. I'm here to help you build long-term wealth and be a trusted resource for life.

📍 HomesbyRoark.com 📞 Reach out today for a free home valuation — no pressure, just answers.

Cody Roark | Epique Realty | Serving Troy, Oakland Township, Rochester Hills, Bloomfield Hills, Berkley, Royal Oak, Madison Heights, and all of Oakland County