The housing in Troy, NC has experienced an impressive appreciation rate of 17.61% over the past year, significantly higher than the national average of 8.27%. The median value of a house in Troy is currently at $174,000 which is much lower than the US median value of $338,100. This low cost can be attractive to potential buyers and make owning a home much more attainable for many who may not be able to pay more expensive prices elsewhere.
The median home cost in Troy is $174,000. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Troy is up 23.2%.
Average Age of Homes
- The median age of Troy real estate is 45 years old
The Rental Market in Troy
- Renters make up 39.5% of the Troy population
- 3.6% 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.