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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 $109,723, lower than the Mississippi average of $183,008.
The average cost of rent is $749/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 22.19% of households rent, and 50.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $4,275 per month. Households that rent pay about 17.52% of their income on rent here. Troy’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Old Union, MS: higher priced homes
- Zion, MS: higher priced homes
- Pine Grove, MS: higher priced homes
- Shannon, MS: higher priced homes
- Old Houlka, MS: less expensive homes
- Furrs, MS: higher priced homes
- Algoma, MS: higher priced homes
- Verona, MS: higher priced homes
- New Houlka, MS: less expensive homes
- Houlka, MS: less expensive homes
Cities with Similar Populations
- Crockett, MS: higher priced homes
- Waterville, WI: higher priced homes
- Washington, CT: higher priced homes
- Douglas City, FL: higher priced homes
- Deerfield Center, MI: higher priced homes
- Days Creek, OR: higher priced homes
- Danwood, SC: higher priced homes
- Curryville, MO: higher priced homes
- Cullen, VA: higher priced homes
- Crossroads, MS: higher priced homes
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