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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 $254,485, higher than the Missouri average of $246,641.
The average cost of rent is $1,079/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 23.05% of households rent, and 31.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $8,009 per month. Households that rent pay about 13.47% of their income on rent here. Troy’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chain of Rocks, MO: equally priced homes
- South Troy, MO: equally priced homes
- Cave, MO: higher priced homes
- Davis, MO: equally priced homes
- Moscow Mills, MO: equally priced homes
- Okete, MO: less expensive homes
- Hawk Point, MO: equally priced homes
- Winfield, MO: less expensive homes
- Old Monroe, MO: higher priced homes
- Millwood, MO: higher priced homes
Cities with Similar Populations
- Seffner, FL: higher priced homes
- Leesburg, GA: equally priced homes
- Lexington Park, MD: higher priced homes
- Liberal, KS: less expensive homes
- Lino Lakes, MN: higher priced homes
- Lomita, CA: higher priced homes
- Ridgefield, WA: higher priced homes
- Rotterdam, NY: less expensive homes
- Round Lake, IL: equally priced homes
- Salem, OH: less expensive homes
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