ZIP Code 48085 — Troy, MI Home Prices (2026)

The typical home in ZIP 48085 (Troy, Michigan) is worth about $469,000 at roughly $243 per square foot — 2% more affordable than the Troy median and 60% more expensive than the typical U.S. home.

$469,000

Typical home value

$243

Price per sq ft

#3 of 4

Troy ZIPs by value

-2%

vs Troy median

How 48085 compares

ZIP 48085 is one of the more affordable ZIP codes in Troy: its typical home value of $469,000 ranks #3 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 $243, against $243 for Troy as a whole, $190 for Michigan, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 48085	$469,000	$243
Troy, MI	$480,500	$243
Michigan	$251,000	$190
United States	$294,000	$195

Home value by size in 48085

Using this ZIP’s rate of about $243 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	$243,000
1,500 sq ft	$364,500
2,000 sq ft	$486,000
2,500 sq ft	$607,500
3,000 sq ft	$729,000

Salary needed to buy a home in ZIP 48085

To buy the typical $469,000 home in ZIP 48085 with 20% down, you need a household income of roughly $128,000 a year (about $2,980 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $152,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$23,500	$3,700/mo	$159,000/yr
10% (+PMI)	$46,900	$3,540/mo	$152,000/yr
20%	$93,800	$2,980/mo	$128,000/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 48085

At about $243 per square foot, here is roughly how much home different budgets get you in ZIP 48085:

Budget	Approx. size	What that looks like locally
$250k	1030 sq ft	below the local median — condos, smaller or older homes
$300k	1230 sq ft	below the local median — condos, smaller or older homes
$400k	1650 sq ft	around the typical home here
$500k	2060 sq ft	around the typical home here
$600k	2470 sq ft	around the typical home here

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 48085 home.

Estimate a specific home in 48085

The estimator below is pre-set to ZIP 48085 — 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 48085 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 (this page)	$469,000	$243
4	48083	$363,000	$242

ZIP 48085 home prices: frequently asked

What is the average home price in ZIP code 48085? +

The typical home in ZIP 48085 (Troy, MI) is worth about $469,000 as of 2026. That is 2% more affordable than the Troy median of $480,500 and 60% more expensive than the U.S. median of $294,000.

What is the price per square foot in 48085? +

About $243 per square foot in 48085, versus $243 across Troy and $190 across Michigan. At that rate a 1,500 sq ft home runs roughly $364,500 and a 2,500 sq ft home about $607,500.

What salary do you need to buy a house in ZIP 48085? +

For the typical $469,000 home in ZIP 48085, a household income of about $128,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $152,000; with 5% down about $159,000.

Is 48085 an expensive ZIP code? +

Within Troy, 48085 ranks #3 of 4 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Troy. Nationally it is relatively expensive.

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.