Troy, MO offers a great housing option for potential homeowners with an average median value of $263,000. This is significantly lower than the US House Median Value of $338,100. The 1 year house appreciation in Troy, MO is 13.08%, which is higher than the US 1 year house appreciation rate of 8.27%. This means that those living in Troy can expect their homes to increase in value at a faster rate than the national average. This makes Troy an attractive option for those looking to invest in real estate and take advantage of the fast appreciation rate.
The median home cost in Troy is $263,000. Home appreciation the last 10 years has been 82.8%. Home Appreciation in Troy is up 13.2%.
Average Age of Homes
- The median age of Troy real estate is 22 years old
The Rental Market in Troy
- Renters make up 31.2% of the Troy population
- 2.2% of houses and apartments in Troy, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.