Real Estate Prices and Overview
Median real estate prices in the City Center of Troy are $286,533, which is more expensive than 96.0% of the neighborhoods
in Michigan and 76.3% of the
neighborhoods in the U.S.
Average rental prices in Troy City Center are currently
$1,074, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.0%
of the neighborhoods in Michigan.
Troy City Center is a suburban neighborhood (based on population
density) located in Troy, Michigan.
Real estate in the City Center of Troy, MI is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Troy City Center are 5.8%,
which is lower than one will find in 71.2% of American
neighborhoods. Demand for real estate in Troy City Center
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Diversity
Did you know that the Troy City Center neighborhood has more
Greek and Finnish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.2% of
this neighborhood's residents have Greek ancestry and 1.7% have Finnish ancestry.
Troy City Center is also pretty special linguistically. Significantly, 2.9% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 99.5% of the neighborhoods in America.
Notable & Unique: People
A majority of the adults in the Troy City Center neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Michigan by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 97.9%
of the neighborhoods in Michigan.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates and families with school-aged children.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the City Center neighborhood in Troy are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 92.4% of the neighborhoods in America.
In addition, 9.2% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 64.6%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Troy City Center neighborhood, 59.4%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.4% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(12.0%), and 8.3% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the City Center neighborhood in Troy, MI, residents
most commonly identify their ethnicity or ancestry as German
(17.8%). There are also a number of people of Asian ancestry (15.6%) , and residents who report Polish roots (8.9%) , and some of the residents are also of Italian ancestry (6.4%) , along with some English ancestry residents (6.0%), among others. In addition, 16.4% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Troy City Center
neighborhood is English, spoken by 74.6% of households. Other important languages spoken here include Chinese, South Asian languages, Greek and Hindi (which is the official language of India).
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Troy City Center neighborhood spend
between 15 and 30 minutes commuting one-way to work (48.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.9%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.