ZIP Code 48083 — Troy, MI Home Prices (2026)
The typical home in ZIP 48083 (Troy, Michigan) is worth about $363,000 at roughly $242 per square foot — 24% more affordable than the Troy median and 23% more expensive than the typical U.S. home.
How 48083 compares
ZIP 48083 is one of the more affordable ZIP codes in Troy: its typical home value of $363,000 ranks #4 of the 4 Troy ZIP codes we track (the citywide range runs from $363,000 in 48083 to $597,000 in 48098). Per square foot it costs about $242, against $243 for Troy as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48083 | $363,000 | $242 |
| Troy, MI | $480,500 | $243 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48083
Using this ZIP’s rate of about $242 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $242,000 |
| 1,500 sq ft | $363,000 |
| 2,000 sq ft | $484,000 |
| 2,500 sq ft | $605,000 |
| 3,000 sq ft | $726,000 |
Salary needed to buy a home in ZIP 48083
To buy the typical $363,000 home in ZIP 48083 with 20% down, you need a household income of roughly $99,000 a year (about $2,300 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $117,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $18,200 | $2,860/mo | $123,000/yr |
| 10% (+PMI) | $36,300 | $2,740/mo | $117,000/yr |
| 20% | $72,600 | $2,300/mo | $99,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48083
At about $242 per square foot, here is roughly how much home different budgets get you in ZIP 48083:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 830 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1030 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1240 sq ft | around the typical home here |
| $400k | 1650 sq ft | around the typical home here |
| $500k | 2070 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48083 home.
Estimate a specific home in 48083
The estimator below is pre-set to ZIP 48083 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Troy ZIP codes by home value
Where 48083 sits among Troy’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 48098 | $597,000 | $256 |
| 2 | 48084 | $492,000 | $237 |
| 3 | 48085 | $469,000 | $243 |
| 4 | 48083 (this page) | $363,000 | $242 |
ZIP 48083 home prices: frequently asked
What is the average home price in ZIP code 48083? +
What is the price per square foot in 48083? +
What salary do you need to buy a house in ZIP 48083? +
Is 48083 an expensive ZIP code? +
See the full Troy home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.