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 $117,527, lower than the Tennessee average of $218,916.
The average cost of rent is $681/mo in Troy, primarily driven by the current value of real estate in the Troy area. While nearly 45.10% of residents own their homes outright in Troy, 26.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $3,940 per month. Households that rent pay about 17.28% of their income on rent here. Troy's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Polk, TN: less expensive homes
- Glass, TN: less expensive homes
- Roneys Store, TN: less expensive homes
- Hornbeak, TN: less expensive homes
- Obion, TN: less expensive homes
- Union City, TN: equally priced homes
- Rives, TN: equally priced homes
- Woodland Mills, TN: less expensive homes
- Samburg, TN: less expensive homes
- Mason Hall, TN: less expensive homes
Cities with Similar Populations
- Weyauwega, WI: higher priced homes
- West Wyoming, PA: higher priced homes
- West Wyomissing, PA: higher priced homes
- Westby, WI: higher priced homes
- Westfield, NY: less expensive homes
- Westhampton Beach, NY: higher priced homes
- Westhampton, NY: higher priced homes
- Weston Lakes, TX: higher priced homes
- Weston, MO: higher priced homes
- Westtown, NY: higher priced homes
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