Expensive
Affordable
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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 $361,287, lower than the Montana average of $409,886.
The average cost of rent is $935/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 18.26% of households rent, and 73.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $3,522 per month. Households that rent pay about 26.55% 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
- Libby, MT: less expensive homes
- Moyie Springs, ID: equally priced homes
- Trestle Creek, ID: higher priced homes
- East Hope, ID: higher priced homes
- Naples, ID: higher priced homes
- Threemile Corner, ID: higher priced homes
- Elmira, ID: higher priced homes
- Bonners Ferry, ID: equally priced homes
- Hope, ID: higher priced homes
- Selle, ID: higher priced homes
Cities with Similar Populations
- Butler, GA: less expensive homes
- Byrnes Mill, MO: less expensive homes
- Canadian, TX: less expensive homes
- Waterloo, NE: higher priced homes
- Grand Rapids, OH: less expensive homes
- Hanover, VA: higher priced homes
- Johnson City, TX: higher priced homes
- Julian, CA: higher priced homes
- Sugar City, ID: higher priced homes
- Swift Trail Junction, AZ: less expensive homes
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