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Affordable
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These days, finding an affordable place to live in the Troy area can be challenging. Home prices in Troy are now at a median cost of $78,487, lower than the Arkansas average of $207,061.
The average cost of rent is $646/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 15.84% of households rent, and 61.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $4,908 per month. Households that rent pay about 13.16% of their income on rent here. Troy’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ogemaw, AR: less expensive homes
- Stephens, AR: higher priced homes
- Good Hope, AR: equally priced homes
- Waterloo, AR: higher priced homes
- Chidester, AR: higher priced homes
- Pace City, AR: higher priced homes
- Willisville, AR: higher priced homes
- Lester, AR: higher priced homes
- Camden, AR: higher priced homes
- Rosston, AR: less expensive homes
Cities with Similar Populations
- Buchanan Corner, IN: higher priced homes
- Wardville, OK: higher priced homes
- Wingard, AL: higher priced homes
- Upham, ND: higher priced homes
- Utopia, OH: higher priced homes
- Wakulla Beach, FL: higher priced homes
- Valeene, IN: higher priced homes
- Vowinckel, PA: higher priced homes
- Vinita Terrace, MO: higher priced homes
- Buxton, ME: higher priced homes
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