Home Price Key
Affordable
Average
Expensive
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 $214,585, lower than the Illinois average of $242,002.
The average cost of rent is $1,163/mo in Troy, primarily driven by the current value of real estate in the Troy area. While nearly 27.40% of residents own their homes outright in Troy, 18.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $7,943 per month. Households that rent pay about 14.65% of their income on rent here. Troy's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Kuhn Station, IL: higher priced homes
- Lumaghi Heights, IL: less expensive homes
- Maryville, IL: equally priced homes
- St. Jacob, IL: equally priced homes
- Glen Carbon, IL: higher priced homes
- Collinsville, IL: less expensive homes
- Meadow Heights, IL: less expensive homes
- Fruit, IL: higher priced homes
- Edwardsville, IL: higher priced homes
- Marine, IL: less expensive homes
Cities with Similar Populations
- Kingston, MA: higher priced homes
- Sellersville, PA: higher priced homes
- Selinsgrove, PA: equally priced homes
- San Marino, CA: higher priced homes
- Loomis, CA: higher priced homes
- Lincolnwood, IL: higher priced homes
- Leon Valley, TX: less expensive homes
- Leitchfield, KY: less expensive homes
- Lake Wylie, SC: higher priced homes
- Lafayette, TN: less expensive homes
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