Troy, PA—16947
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, PA
As of Oct '25, the median home price in Troy, PA is $196,000, with a year-over-year change of 3.4%. This indicates that home prices in Troy, PA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 3.4% |
| Single Family | $196,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 3.0% |
3 Bed | $204,000 | 3.0% |
4 Bed | $231,000 | 6.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Troy, PA
As of July '25, Rentcast reports the average rent in Troy, PA is $825, with a year-over-year rent change of 26.9%. Per bedroom, the median rent as of July '25 in Troy, PA is 2-bedrooms: $825. The most common rental property sizes in Troy, PA are 1-bedroom and 3-bedroom, accounting for 31.5% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Troy, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, PA is 116. This is a increase of 93.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $201,000 | -49.0% |
Listing Count | 12 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 116 | 93.0% |
Demographics — Troy, PA
As of the latest ACS Survey released in 2023, Troy, PA has a population of 4,650, which has decreased by -5.7% over the past 5 years. Troy, PA is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,650 | -5.7% |
% Under 18 | 18.6% | 0.0% |
% Seniors | 24.3% | -2.0% |
% WFH | 5.4% | 116.0% |
% w/ College Degree | 19.3% | 4.3% |
As of the latest ACS Survey released in 2023, Troy, PA is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Troy, PA is hispanic, making up 3.0% of the population. Foreign-born residents account for 3.0% of the population in Troy, PA, and this percentage has increased by 200.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.0% | -3.5% |
% Black | 1.8% | 157.1% |
% Hispanic | 3.0% | 200.0% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 3.0% | 200.0% |
Mortgage and Risk — Troy, PA
According to HUD data as of 2023, there were 69 mortgage originations in Troy, PA, of which 90.0% 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, PA. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Troy, PA
Troy, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | $85 | $825 | $910 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Troy, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $196,000 |
| Median Household Income | $61,000 |