The housing market in Troy, ME is strong and thriving. The median value of a home in Troy is $198,500, which is significantly lower than the US national median house value of $338,100. However, the appreciation rate of homes in Troy over the last year has been 16.46%, which is double that of the national average at 8.27%. This indicates that Troy is an attractive place to invest in real estate, offering potential buyers a great opportunity to purchase and own a home for a good price with solid appreciation potential over time.
The median home cost in Troy is $198,500. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Troy is up 20.6%.
Average Age of Homes
- The median age of Troy real estate is 30 years old
The Rental Market in Troy
- Renters make up 17.2% of the Troy population
- 0.0% 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.