New Troy, MI

New Troy is a small town located in the Upper Peninsula of Michigan. The population is just over 1,000 people and the median household income is just over $40,000. New Troy has a strong agricultural economy and is home to several small businesses. However, the town is beginning to see some growth due to its proximity to Traverse City and Grand Traverse Bay.

Real estate in New Troy is dominated by single-family homes. The majority of these homes are built on large lots and are situated close to each other. There are also a few duplexes and apartments available, but they are in relatively short supply. The average price for a single-family home in New Troy is around $130,000, but this can vary significantly depending on the location and condition of the property.

The real estate market in New Troy has been stable for the past few years, although there has been some growth overall. This may be due to increased interest from people who live nearby but want more space or those who are looking for rural living without having to commute into larger cities. Overall, real estate in New Troy seems like it will continue to be stable or grow modestly over the next few years