The housing market in Troy, NY is looking good with a median home value of $238,100. This is significantly lower than the US average of $338,100, making it an attractive option to potential buyers. In addition to this affordability advantage, the 1 year house appreciation rate in Troy is 12.23%, more than 4% higher than the national average of 8.27%. This means that those who choose to invest in Troy real estate can expect to get more bang for their buck. With such attractive advantages, it’s no wonder why so many people are looking to buy or rent a home in Troy!
The median home cost in Troy is $238,100. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Troy is up 11.9%.
Average Age of Homes
- The median age of Troy real estate is 78 years old
The Rental Market in Troy
- Renters make up 52.8% of the Troy population
- 3.8% 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.