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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 $245,506, higher than the Iowa average of $226,062.
The average cost of rent is $838/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 3.96% of households rent, and 32.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $7,904 per month. Households that rent pay about 10.60% of their income on rent here. Troy’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milton, IA: less expensive homes
- White Elm, IA: equally priced homes
- Pulaski, IA: less expensive homes
- Leando, IA: equally priced homes
- Selma, IA: less expensive homes
- Douds, IA: less expensive homes
- Pittsburg, IA: less expensive homes
- Cantril, IA: less expensive homes
- Stiles, IA: less expensive homes
- Bloomfield, IA: less expensive homes
Cities with Similar Populations
- Bryant, WI: less expensive homes
- Williamson Crossroads, NC: less expensive homes
- Whitaker, IN: less expensive homes
- Westwood, IN: less expensive homes
- West Fort Ann, NY: less expensive homes
- West Coffeyville, KS: less expensive homes
- West Bolton, VT: higher priced homes
- Buckingham, IA: less expensive homes
- Buckeye, LA: less expensive homes
- Wilmot, IN: less expensive homes
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