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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 $393,718, lower than the Idaho average of $450,170.
The average cost of rent is $993/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 10.75% of households rent, and 44.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $7,380 per month. Households that rent pay about 13.46% of their income on rent here. Troy’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cornwall, ID: higher priced homes
- Deary, ID: equally priced homes
- Kendrick, ID: less expensive homes
- Princeton, ID: equally priced homes
- Moscow, ID: equally priced homes
- Linden, ID: less expensive homes
- Juliaetta, ID: less expensive homes
- Viola, ID: higher priced homes
- Harvard, ID: less expensive homes
- Leland, ID: less expensive homes
Cities with Similar Populations
- Alexander, NY: less expensive homes
- Woodmere, OH: equally priced homes
- Wilmar, AR: less expensive homes
- Willsboro, NY: less expensive homes
- Vernal, MS: less expensive homes
- Umpqua, OR: higher priced homes
- Tillery Crossroads, AL: less expensive homes
- Taylor, WI: less expensive homes
- Swanton, MD: less expensive homes
- Spencer, VA: less expensive homes
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