Troy, NY—12183
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, NY
As of Oct '25, the median home price in Troy, NY is $230,000, with a year-over-year change of 2.0%. This indicates that home prices in Troy, NY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 2.0% |
| Single Family | $230,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $256,000 | 4.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Troy, NY
As of July '25, Rentcast reports the average rent in Troy, NY is $1,620, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Troy, NY is 1-bedrooms: $1,300, 2-bedrooms: $1,950. The most common rental property sizes in Troy, NY are 2-bedroom and 3-bedroom, accounting for 47.1% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,950 | $1,950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Troy, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, NY is 95. This is a increase of 77.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $114,000 | -50.0% |
Listing Count | 3 | -36.0% |
| Listings as % of Homes | 0.2% | -36.0% |
Days on Market | 95 | 77.0% |
Demographics — Troy, NY
As of the latest ACS Survey released in 2023, Troy, NY has a population of 2,970, which has increased by 14.5% over the past 5 years. Troy, NY is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,970 | 14.5% |
% Under 18 | 15.9% | -4.2% |
% Seniors | 15.7% | -9.8% |
% WFH | 13.9% | 202.2% |
% w/ College Degree | 26.7% | 47.5% |
As of the latest ACS Survey released in 2023, Troy, NY is a predominantly white area, with 66.4% of the population identifying as white. The white population has shrunk by 18.9% in the last 5 years. The second most common race or ethnicity in Troy, NY is hispanic, making up 16.1% of the population. Foreign-born residents account for 2.2% of the population in Troy, NY, and this percentage has decreased by 43.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.4% | -18.9% |
% Black | 9.4% | 108.9% |
% Hispanic | 16.1% | 101.3% |
% Asian | 1.2% | -14.3% |
% Foreign Born | 2.2% | -43.6% |
Mortgage and Risk — Troy, NY
According to HUD data as of 2023, there were 31 mortgage originations in Troy, NY, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Troy, NY. Investor activity is low, as 10.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 10.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Troy, NY
Troy, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,300 | $1,020 |
| 2 Bedroom | -$710 | $1,950 | $1,240 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Troy, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $230,000 |
| Median Household Income | $70,300 |