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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 $179,974, lower than the Ohio average of $181,280.
The average cost of rent is $891/mo in Troy, primarily driven by the current value of real estate in the Troy area. While nearly 23.40% of residents own their homes outright in Troy, 28.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $6,641 per month. Households that rent pay about 13.42% of their income on rent here. Troy's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Staunton, OH: higher priced homes
- Eldean, OH: less expensive homes
- Farrington, OH: less expensive homes
- Casstown, OH: equally priced homes
- Cowlesville, OH: higher priced homes
- Pleasant Hill, OH: equally priced homes
- Tipp City, OH: higher priced homes
- Frederick, OH: higher priced homes
- Ludlow Falls, OH: equally priced homes
- West Milton, OH: less expensive homes
Cities with Similar Populations
- Westmont, CA: higher priced homes
- Durango, CO: higher priced homes
- Eagle, ID: higher priced homes
- Eastpointe, MI: less expensive homes
- Fair Oaks, VA: higher priced homes
- Foley, AL: higher priced homes
- Foster City, CA: higher priced homes
- Granger, IN: higher priced homes
- Granite City, IL: less expensive homes
- Greeneville, TN: less expensive homes
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