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These days, finding an affordable place to live in the Downtown Troy area can be challenging. Home prices in Downtown Troy are now at a median cost of $213,861, lower than the Troy average of $216,443.
The average cost of rent is $1,277/mo in Downtown Troy, primarily driven by the current value of real estate in the Downtown Troy area. In Downtown Troy, 79.77% of households rent, and 56.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Troy is $5,353 per month. Households that rent pay about 23.85% of their income on rent here. Downtown Troy’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Arbor Hill, Albany, NY: less expensive homes
- West Hill, Albany, NY: less expensive homes
- Sheridan Hollow, Albany, NY: equally priced homes
- West End, Albany, NY: less expensive homes
- Central Ave, Albany, NY: higher priced homes
- Center Square, Albany, NY: higher priced homes
- Pine Hills, Albany, NY: higher priced homes
- South End, Albany, NY: less expensive homes
- New Scotland-Woodlawn, Albany, NY: higher priced homes
- Helderberg, Albany, NY: higher priced homes
Neighborhoods with Similar Populations
- Song, Irving, TX: higher priced homes
- Ruby Hill, Denver, CO: higher priced homes
- Northland Lyceum, Rochester, NY: less expensive homes
- Alameda, Portland, OR: higher priced homes
- Thomasville, Atlanta, GA: higher priced homes
- Northwest Los Angeles Heights, San Antonio, TX: less expensive homes
- Naples-Marina Area, Long Beach, CA: higher priced homes
- Midtown-Detroit, Detroit, MI: higher priced homes
- Lakeshore at University Park, Miramar, FL: higher priced homes
- State College Area, Long Beach, CA: higher priced homes
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