HomeMichiganOakland CountyTroy
Troy, Michigan: commercial real estate data.
Troy is a Census city of 87,898 people across 33.45 square miles of land, in Oakland County. Median household income is $120,045, 73.3 percent of occupied homes are owned, and the SBA record carries 286 7(a) approvals to borrowers here worth $134.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Troy
What Troy is
- Census place typecity
- Land area33.45 sq mi
- Water area0.18 sq mi
- Population per square mile of land2,628
- County holding the largest share of its areaOakland County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
How many people live in Troy
- Population87,898
- Median age42.0
- Population under 1818,132
- Share under 1820.6 percent
- Population 65 and over15,775
- Share 65 and over17.9 percent
- Households33,372
- Family households23,286
- Share of households that are families69.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
Income and work in Troy
- Median household income$120,045
- Per capita income$58,119
- Civilian labor force47,559
- Employed45,485
- Unemployed2,074
- Unemployment rate4.4 percent
- Adults 25 and over61,631
- Adults 25 and over with a high school diploma or higher95.0 percent
- Adults 25 and over with a bachelor degree or higher64.8 percent
- Adults 25 and over with a graduate degree31.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
Housing in Troy
- Housing units34,883
- Occupied units33,372
- Vacant units1,511 plus or minus 329
- Vacancy rate4.3 percent plus or minus 0.9
- Owner occupied24,446
- Renter occupied8,926
- Ownership rate73.3 percent
- Median owner-occupied home value$420,300
- Median gross rent, monthly$1,602
- Annual rent as a share of median income16.0 percent
- Single family units26,722
- Share single family76.6 percent
- Units in buildings of two or more7,895
- Share in buildings of two or more22.6 percent
- Mobile homes266 plus or minus 125
- Median year structure built1977
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
How Troy gets to work
- Workers 16 and over who commute34,702
- Commuting under 15 minutes9,118
- Share commuting under 15 minutes26.3 percent
- Commuting 30 minutes or more12,062
- Share commuting 30 minutes or more34.8 percent
- Drove alone69.3 percent
- Carpooled6.2 percent
- Public transport0.2 percent plus or minus 0.1
- Walked0.7 percent plus or minus 0.4
- Worked from home22.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
SBA loans in Troy (7(a))
- Approvals286
- Gross approval$134,220,700
- Average approval$469,303
- Median approval$178,550
- Ninetieth percentile approval$1,074,800
- Largest approval$5,000,000
- Jobs supported3,099
- Jobs per approval10.8
- Loans with a final outcome56
- Paid in full48
- Charged off8
- Charge-off rate over resolved loans14.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more10.5 percent
- Share to franchises18.2 percent
- Distinct lenders51
- Distinct industries by NAICS116
Counted by borrower city: approvals to borrowers whose address is in Troy, in any county, FY2020 to FY2026.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Troy
SBA loans in Troy (504)
- Approvals53
- Gross approval$40,897,000
- Average approval$771,642
- Median approval$410,000
- Largest approval$5,000,000
- Jobs supported1,061
- Loans with a final outcome28
- Charged off0
- Median term240 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Troy, in any county, FY2010 to FY2026. Only 28 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Troy
Flood risk in Troy
- NFIP communityCity of Troy
- NFIP community number260180
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date01/16/09
The City of Troy participates in the National Flood Insurance Program as community 260180 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Oakland County, not Troy
Oakland County context, not Troy figures
- Establishments in Oakland County39,792
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Housing units permitted, Oakland County2,886
Every figure in this section is published for Oakland County as a whole and is not a measurement of Troy.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Troy questions, answered from the record.
How many people live in Troy, Michigan?
87,898, in 33,372 households. Troy city covers 33.45 square miles of land, which is 2,628 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Troy in?
Oakland County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Troy?
$120,045. The median owner-occupied home is valued at $420,300. Median gross rent is $1,602 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Troy businesses?
286 7(a) approvals totaling $134.2 m since FY2020, across 51 lenders, median approval $178,550, plus 53 504 approvals worth $40.9 m since FY2010. These count approvals to borrowers whose address is in Troy, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Troy borrowers get paid back?
Of the 56 loans that have reached a final outcome, 48 were paid in full and 8 charged off, a charge off rate of 14.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Troy in the National Flood Insurance Program?
Yes. Troy appears in the FEMA Community Status Book as Troy, city of, community 260180, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Troy figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Oakland County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Troy.
Is zoning published for Troy?
No. Nothing on this page presents parcel level zoning.