Troy
Solid value in a growing area
2 homes for sale·Median $285K·Walkability 0.0/10·Schools 3.0/10
You're driving on quiet two-lane roads through rolling farmland—the kind of place where you pass more trees than houses—and that's pretty much the whole story of Troy Township. It's a small rural township in Newaygo County about 40 miles north of Grand Rapids, with fewer than 300 residents spread across 36 square miles, so you get a real sense of space out here. There's no downtown to speak of, no shopping strips, just open land and the rhythm of a working landscape that hasn't changed much in decades. Most people own their homes outright, and you'll notice the houses are spaced far apart—this isn't the place to walk to a neighbor's for coffee, and there's no public transit, so you're driving everywhere. If you want some nature nearby, the Manistee National Forest's White Cloud Unit is about 8 miles away, good for hiking and getting away from the sound of your own driveway. It's the kind of place you move to when you're done with noise and want dirt roads and quiet, though the trade-off is that it's a solid two hours to downtown Grand Rapids, so you'd better be serious about rural living or have a good reason to make that drive regularly.
Why people love it here
$55K median household income
- $285K median · Based on 3yr sales
Explore Troy
Same name, different focus — Troy is also covered as:
- Troy Community — community details
Conventional Mortgage Calculator
Median home price in Troy
Estimated Monthly Payment
$1,937/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.

The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Based on 1 rated school nearby
School District: Walkerville Public Schools
To buy a median-priced Troy home (around $285,250) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $43k/year in household income to qualify — an estimated monthly payment of $1,623 (principal, interest, property tax, and insurance).
The typical Troy household earns $55,417 — above what the median home requires. At that income, a buyer can afford roughly $370,000 with 20% down.
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,623/mo | $43,268 |
| 10% (+PMI) | $1,910/mo | $50,923 |
| 5% (+PMI) | $2,006/mo | $53,483 |
Estimates use a 6.49% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price and median property taxes, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
3 parcels
Active / pending
Typical Land Value
$3K/acre
Median asking
Median Price
$372K
Per listing
Local Government
Troy Township (Newaygo County)
unconfirmed
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$909/yr in electricity from a typical rooftop solar system
Produces ~6,360 kWh/yr · offsets ~61% of a typical home's use
Private well
Rural township; individual private wells
Septic - individual
No municipal sewer; individual septic
Resident-arranged private hauler (Republic Services)
No municipal collection; residents contract haulers
Consumers Energy Co|Great Lakes Energy Coop · ~14.3¢/kWh
Coop rate book lists Troy Twp in its Newaygo territory
Confirm by addressNo piped natural gas (propane/LP)
Deep-rural; typically propane
Confirm by addressArea fire department (via Newaygo County 911)
Rural fire coverage dispatched through county
Source: newaygocountymi.gov
Utility, solar, and service details for Troy are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
Median Income
$55K
Home Value (Census)
$100K
Flood Risk
None
Not in flood zone
Nearest Park
Big Star Lake Public Access
2.5 mi
Parks Nearby
0
within 1 mile
Frequently asked about Troy
- What do homes cost in Troy?
- The median home value in Troy is about $285,250. Individual prices vary by street, size, and condition.
- How active is the Troy housing market?
- there are 2 homes for sale in Troy right now. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Troy?
- Troy is served by Walkerville Public Schools. Its highest-rated assigned school is Walkerville Public School (3/10).
- Is Troy walkable?
- Troy scores 0.0/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.

