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 $407,939, lower than the Virginia average of $443,089.
The average cost of rent is $1,386/mo in Troy, primarily driven by the current value of real estate in the Troy area. In Troy, 11.40% of households rent, and 42.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Troy is $8,975 per month. Households that rent pay about 15.44% of their income on rent here. Troy’s most expensive areas are in the western 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
- Zion, VA: higher priced homes
- Lake Monticello, VA: less expensive homes
- Keswick, VA: higher priced homes
- Zion Crossroads, VA: higher priced homes
- Thelma, VA: less expensive homes
- Palmyra, VA: less expensive homes
- Wildwood, VA: less expensive homes
- Cobham, VA: higher priced homes
- Cunningham, VA: less expensive homes
- Wilmington, VA: less expensive homes
Cities with Similar Populations
- Mascot, TN: less expensive homes
- Moonachie, NJ: less expensive homes
- Montgomery, MN: less expensive homes
- Montezuma, GA: less expensive homes
- Mertztown, PA: less expensive homes
- Meadowbrook, CA: equally priced homes
- McConnelsville, OH: less expensive homes
- McConnellsburg, PA: less expensive homes
- Mccleary, WA: equally priced homes
- McArthur, OH: less expensive homes
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