Troy Metro Area, AL Housing

The housing market in the Troy, AL Metro Area is thriving, with a median value of $147,400. This is significantly lower than the US House Median Value of $338,100, showing that housing in this area is more affordable. The US 1 year house appreciation rate was 8.27%, while the Troy Metro Area saw an impressive 12.26% increase in house value over the same period. All these factors indicate that investing in real estate in Troy may be a sound choice for potential buyers and sellers alike.

The median home cost in Troy Metro Area is $147,400. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Troy Metro Area is up 13.3%.

Average Age of Homes

- The median age of Troy Metro Area real estate is 31 years old

The Rental Market in Troy Metro Area

- Renters make up 34.8% of the Troy Metro Area population
- 8.2% of houses and apartments in Troy Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Troy, Alabama	United States
	15,958.0	139,647,020.0
	36	42
	$147,400	$338,100
	13.3%	16.6%
	37.2%	57.0%
	46.0%	101.1%
	$3.02	$10.98
	$395	$2,690
	44.5%	57.4%
	27.9%	11.2%
	27.6%	31.4%
Vacant Housing
	8.2%	1.9%
	2.5%	0.4%
	0.4%	0.7%
	4.8%	0.4%
	1.9%	3.6%
	9.9%	4.1%
Value of Owner-Occupied Housing
	8.5%	2.6%
	9.5%	2.4%
	7.9%	2.8%
	6.8%	3.9%
	6.2%	4.5%
	16.4%	11.3%
	15.4%	13.0%
	16.3%	20.1%
	6.3%	13.6%
	3.1%	8.3%
	2.6%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	16.9%	13.6%
	16.9%	13.6%
	16.3%	13.6%
	14.7%	13.2%
	17.4%	14.8%
	16.3%	13.6%
	6.3%	10.0%
	4.7%	4.7%
	5.8%	12.2%

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