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 $234,332, lower than the Minnesota average of $269,934.
The average cost of rent is $781/mo in Troy, primarily driven by the current value of real estate in the Troy area. While nearly 36.66% of residents own their homes outright in Troy, 12.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $6,953 per month. Households that rent pay about 11.23% of their income on rent here. Troy's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Saratoga, MN: higher priced homes
- Chatfield, MN: less expensive homes
- Fountain, MN: less expensive homes
- Cummingsville, MN: higher priced homes
- Utica, MN: equally priced homes
- St. Charles, MN: equally priced homes
- Fremont, MN: less expensive homes
- Lanesboro, MN: less expensive homes
- Peterson, MN: equally priced homes
- Dover, MN: higher priced homes
Cities with Similar Populations
- Bonita, LA: less expensive homes
- Burch, NC: less expensive homes
- Brucetown, VA: equally priced homes
- Brownbranch, MO: less expensive homes
- Broadway, OH: less expensive homes
- Breeding, KY: less expensive homes
- Branchville, VA: less expensive homes
- Boyce, KY: less expensive homes
- Bouton, IA: equally priced homes
- Boulder, UT: less expensive homes
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