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Before you Buy or sell your home or real estate in Troy,MI, you may want to learn a little about your Troy property. As a service to you we have acquired some information on Troy to hopefully aid you in your real estate transaction.

Troy is a city in Oakland County in the U.S. state of Michigan. It is a suburb of Detroit. As of the 2000 census, the city of Troy had a total population of 80,959, making it the 12th-largest city in Michigan by population, and the second-largest city in Oakland County after Farmington Hills; in 2005, the U.S. Census Bureau estimated that had become the most populous city in the county. has become a business and shopping destination in the Metro Detroit area, with numerous office centers and the upscale Somerset Collection mall.

In 2008, was ranked 22nd on a list of "Best Places to Live" in the United States by CNN Money, using criteria including housing, quality of education, economic strength, and recreational opportunities.In 2008, ranked as the fourth most affordable U.S. city with a median household income of 78,800.

History

The first land purchases in what became Troy Township were recorded in 1819 in section 19. The first settlement, known as Troy Corners, originated two years later when Johnson Niles purchased 160 acres (65 ha) in what is now the north-central portion of the city of Troy. Four years later, Ira Smith built the first house at Big Beaver Corners, and the first public school opened at Troy Corners. Troy Township was organized on May 28, 1827. The City of Troy was incorporated in 1955, mainly as a way to prevent neighboring cities (Clawson, Royal Oak, and Birmingham) from incorporating any more of its land into their cities.

In 1966, I-75 was completed in Troy, which increased access to and from the city of Troy. This gave a major boost to Troy's economy, leading to the development of its civic center, school district, and recreation system.

Economy

Troy, a thriving center of business, particularly in the automotive and financial sectors, and is home to a number of major companies. Based on property value, Troy is the second largest city in Michigan, second only to Detroit. The Top of Troy is the city of Troy's tallest building (now renamed the National City Center). Troy is home to the upscale Somerset Collection mall, featuring a skywalk and over 180 stores, and the Oakland Mall.

In 2003, Troy was named Michigan's Sportstown by Sports Illustrated magazine for having the top community sports programs in the state.

In the summer of 2005, to commemorate the city of Troy's 50th anniversary, ceramic beaver statues, each standing four feet (1.2 m) high, were displayed at various locations in the city of Troy. The beaver is the symbol of Troy, and the city of Troy's main commercial thoroughfare (Big Beaver Road) is named for it.

Troy is also home to the Troy Sports Center, which is the official training facility of the Detroit Red Wings of the NHL. The facility is also used for indoor soccer and hockey leagues, and is home to the city of Troy's high school hockey teams.

Demographics

As of the census of 2000, there were 80,959 people, 30,018 households, and 21,883 families residing in the city of Troy. The population density was 2,413.9 people per square mile (932.0/km²). There were 30,872 housing units at an average density of 920.5 per square mile (355.4/km²). The racial makeup of the city of Troy was 82.30% White, 2.09% African American, 0.15% Native American, 13.25% Asian, 0.02% Pacific Islander, 0.36% from other races, and 1.82% from two or more races. 1.46% of the population is Hispanic or Latino of any race. Troy has the highest percentage of Asians of any city in Michigan.

There were 30,018 households out of which 36.9% had children under the age of 18 living with them, 64.5% were married couples living together, 6.0% had a female householder with no husband present, and 27.1% were non-families. 22.8% of all households were made up of individuals and 7.8% had someone living alone who was 65 years of age or older. The average household size was 2.69 and the average family size was 3.23.

In the city of Troy the population was spread out with 26.2% under the age of 18, 6.7% from 18 to 24, 29.8% from 25 to 44, 27.1% from 45 to 64, and 10.2% who were 65 years of age or older. The median age was 38 years. For every 100 females there were 98.1 males. For every 100 females age 18 and over, there were 94.8 males.

According to a 2006 estimate, the median income for a household in the city of Troy was $90,187, and the median income for a family was $98,752. Males had a median income of $66,475 versus $41,026 for females. The per capita income for the city of Troy was $35,936. About 1.7% of families and 2.7% of the population were below the poverty line, including 2.2% of those under age 18 and 5.5% of those age 65 or over.

Education

Troy is home to International Academy of Design and Technology, Walsh College, a business oriented school, as well as branches for the University of Phoenix, Central Michigan University, Spring Arbor University, and ITT Technical Institute. Michigan State University also has its Management Education Center located off of I-75 near the intersection of Crooks Rd. and Square Lake Rd. (19 Mile).

Troy is well known for its exemplary schools both in Michigan as well as around the nation. The Troy School District has six national blue ribbon and 13 State Exemplary Schools. The schools have a 99% graduation rate, with 95% of those students going on to higher education and 2% going on to military service.[7] Both Troy High School and Athens High School were named to the list of The 1000 Most Outstanding High Schools in the United States by Newsweek magazine.

The Troy School District also sends 25 students per year to the International Academy, currently ranked 7th in the Newsweek rankings of the best public high schools in the United States. Troy is also planning to host the International Academy's eastern campus in the old Baker Middle School beginning with the 2008-2009 school year.