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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 $540,739, higher than the Kentucky average of $219,615.
The average cost of rent is $1,713/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 13.37% of households rent, and 55.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $8,476 per month. Households that rent pay about 20.21% of their income on rent here. Troy’s most expensive areas are in the southwestern 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
- Keene, KY: higher priced homes
- Wilmore, KY: less expensive homes
- Nonesuch, KY: less expensive homes
- Nicholasville, KY: less expensive homes
- Mortonsville, KY: less expensive homes
- Union Mills, KY: less expensive homes
- Braxton, KY: less expensive homes
- Versailles, KY: less expensive homes
- Hall, KY: less expensive homes
- Salvisa, KY: less expensive homes
Cities with Similar Populations
- Andersonville, TN: less expensive homes
- Ashton, WV: less expensive homes
- Blain, PA: less expensive homes
- Big Creek, WV: less expensive homes
- Beaver, OR: less expensive homes
- Benkelman, NE: less expensive homes
- Pena Blanca, NM: less expensive homes
- Piney View, WV: less expensive homes
- Pecks Mill, WV: less expensive homes
- Payne Gap, KY: less expensive homes
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