Zip 47588 (Troy, IN) Housing

The housing market in Troy, IN (zip code 47588) is currently quite strong. The median home value in this area is $147,800 - significantly lower than the national median of $338,100. Despite this difference in values, the appreciation rate for homes in Troy is higher than the national average at 8.45%. This indicates that this area has a high demand for homes and is a great place to invest in real estate.

The median home cost in Troy (zip 47588) is $147,800. Home appreciation the last 10 years has been 63.6%. Home Appreciation in Troy (zip 47588) is up 13.8%.

Average Age of Homes

- The median age of Troy (zip 47588) real estate is 55 years old

The Rental Market in Troy (zip 47588)

- Renters make up 29.4% of the Troy (zip 47588) population
- 1.0% of houses and apartments in Troy (zip 47588), 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, Indiana	United States
	386.0	139,647,020.0
	43	42
	$147,800	$338,100
	13.8%	16.6%
	45.2%	57.0%
	63.6%	101.1%
	$6.68	$10.98
	$624	$2,690
	76.9%	57.4%
	11.1%	11.2%
	11.9%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.8%	3.6%
	9.3%	4.1%
Value of Owner-Occupied Housing
	23.2%	2.6%
	3.4%	2.4%
	2.0%	2.8%
	10.4%	3.9%
	9.4%	4.5%
	18.2%	11.3%
	18.5%	13.0%
	13.1%	20.1%
	1.0%	13.6%
	0.0%	8.3%
	0.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.5%	13.6%
	20.5%	13.6%
	9.3%	13.6%
	18.1%	13.2%
	12.7%	14.8%
	9.3%	13.6%
	12.7%	10.0%
	0.5%	4.7%
	25.4%	12.2%

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