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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 $180,609, lower than the North Carolina average of $323,314.
The average cost of rent is $771/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 30.18% of households rent, and 50.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $5,076 per month. Households that rent pay about 15.18% of their income on rent here. Troy’s most expensive areas are in the western 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
- Uwharrie, NC: less expensive homes
- Lovejoy, NC: higher priced homes
- Roberdo, NC: equally priced homes
- Capelsie, NC: equally priced homes
- Wadeville, NC: equally priced homes
- Star, NC: equally priced homes
- Biscoe, NC: less expensive homes
- Ether, NC: less expensive homes
- Onvil, NC: less expensive homes
- Mount Gilead, NC: higher priced homes
Cities with Similar Populations
- Locustgrove, VA: higher priced homes
- Lyons, NY: less expensive homes
- Luxemburg, WI: higher priced homes
- Luverne, MN: higher priced homes
- Lumberton, NM: higher priced homes
- Loranger, LA: higher priced homes
- Loogootee, IN: equally priced homes
- Lonsdale, MN: higher priced homes
- Long Prairie, MN: equally priced homes
- Rainier, WA: higher priced homes
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