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 $181,455, lower than the New York average of $481,023.
The average cost of rent is $1,101/mo in Troy, primarily driven by the current value of real estate in the Troy area. While nearly 38.87% of residents own their homes outright in Troy, 51.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $5,643 per month. Households that rent pay about 19.52% of their income on rent here. Troy's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Green Island, NY: less expensive homes
- Watervliet, NY: higher priced homes
- Cohoes, NY: higher priced homes
- Wynantskill, NY: higher priced homes
- Latham, NY: higher priced homes
- Menands, NY: higher priced homes
- Waterford, NY: higher priced homes
- Poestenkill, NY: higher priced homes
- Quackenkill, NY: higher priced homes
- Melrose, NY: higher priced homes
Cities with Similar Populations
- Covina, CA: higher priced homes
- Dubuque, IA: equally priced homes
- Eagan, MN: higher priced homes
- Warren, OH: less expensive homes
- Lakewood, WA: higher priced homes
- North Port, FL: higher priced homes
- Palo Alto, CA: higher priced homes
- Pine Hills, FL: equally priced homes
- Rome, GA: less expensive homes
- Salisbury, MD: higher priced homes
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