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Sarah Mitchell
Compass Real Estate · ZIP 48085
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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48085 ZIP Code Housing Market
$450,000median sale price
What is the 48085 housing market like right now?
The median home sale price in ZIP code 48085 is $450,000, down 6.0% year-over-year. Homes sell in an average of 10 days with 50 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 48085 ZIP code a buyer's or seller's market?
ZIP code 48085 is currently a seller's market and homes selling in about 10 days. How we determine this →
What are the latest 48085 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $479,900 |
| Year-over-year price change | -6.0% |
| Average days on market | 10 days |
| Active inventory | 50 listings |
| Sale-to-list price ratio | 100.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 48085 zip code, located in Troy, MI, is currently classified as a seller's market. The median sale price stands at $450,000, representing a -6.0% change year over year. Homes in this area spend an average of 10 days on the market before going under contract. There are currently 50 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48085 sits in the Troy, MI area, roughly 1.8 miles from downtown Troy. Because home prices are set street by street, this ZIP can move differently from Troy's citywide averages. The figures below reflect 48085 specifically — drawn from Redfin transactions, U.S. Census data for its 27,231 residents, and Zillow value estimates.
Homes sold
61
Last 12 weeks
Days on market
10
Fast-moving
Active listings
50
Sale-to-list
100.6%
Above asking
What is driving the 48085 housing market?
The 48085 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 100.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48085 have declined -6.0% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 48085 stands at $475,852, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,726 per month. This gives a price-to-rent ratio of approximately 14.5, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48085?
Population
27,231
Median income
$146,390/yr
Median age
42.7 years
Owner-occupied
91.5%
College grads
62.2%
Avg commute
28.14 min
What is it like living in 48085?
Zip code 48085 is home to approximately 27,231 residents. The median household income is $146,390 per year, which shapes the types of homes and amenities available in the area. With a median age of 42.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 91.5% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 62.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 28.14 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 48085.
Which public schools serve ZIP 48085?
8 schools tracked · 4,942 students
The largest public schools serving ZIP code 48085 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Athens High School
Grades 9-12 · 1,488 students
Larson Middle School
Grades 6-8 · 814 students
Smith Middle School
Grades 6-8 · 642 students
Wass Elementary School
Grades PK-5 · 431 students
Leonard Elementary School
Grades K-5 · 417 students
Costello Elementary School
Grades PK-5 · 406 students
Troy Union Elementary School
Grades K-5 · 400 students
Hill Elementary School
Grades PK-5 · 344 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 48085
What is the median home price in 48085?
The current median sale price in 48085 is $450,000, based on recent Redfin transaction data. Prices have changed -6.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 48085 a buyer's or seller's market?
The 48085 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 48085?
Zip code 48085 has a population of approximately 27,231 residents. The median household income is $146,390 per year. About 91.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 48085?
Properties Incorporated provides comprehensive data for 48085 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 48085 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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