Troy, NC—27371
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, NC
Troy, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 1.0% |
| Single Family | $187,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 0.0% |
3 Bed | $230,000 | 4.1% |
4 Bed | $291,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Troy, NC
As of July '25, Rentcast reports the average rent in Troy, NC is $1,210, with a year-over-year rent change of -28.8%. Per bedroom, the median rent as of July '25 in Troy, NC is 2-bedrooms: $800, 3-bedrooms: $1,520, 4-bedrooms: $1,100. The most common rental property sizes in Troy, NC are 3-bedroom and 2-bedroom, accounting for 45.5% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $800 |
| 3 Bed Rent | $1,400 | $1,520 |
| 4 Bed Rent | $1,100 | $1,100 |
% of Rental Stock
Property Listings — Troy, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, NC is 87. This is a increase of 141.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 20.0% |
Listing Count | 21 | 49.0% |
| Listings as % of Homes | 0.3% | 49.0% |
Days on Market | 87 | 141.0% |
Demographics — Troy, NC
As of the latest ACS Survey released in 2023, Troy, NC has a population of 7,840, which has decreased by -13.8% over the past 5 years. Troy, NC is a moderately popular place for families, as children make up 15.1% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,840 | -13.8% |
% Under 18 | 15.1% | -32.0% |
% Seniors | 18.2% | 12.3% |
% WFH | 12.7% | 3,075.0% |
% w/ College Degree | 22.9% | 61.3% |
As of the latest ACS Survey released in 2023, Troy, NC is a predominantly white area, with 75.9% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Troy, NC is black, making up 13.8% of the population. Foreign-born residents account for 5.2% of the population in Troy, NC, and this percentage has increased by 300.0% 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 | 75.9% | 1.7% |
% Black | 13.8% | -29.9% |
% Hispanic | 6.8% | 240.0% |
% Asian | 0.8% | 166.7% |
% Foreign Born | 5.2% | 300.0% |
Mortgage and Risk — Troy, NC
According to HUD data as of 2023, there were 90 mortgage originations in Troy, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Troy, NC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Troy, NC
Troy, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 193 |
Total Units Section 8 | 111 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | $310 | $750 | $1,060 |
| 3 Bedroom | -$50 | $1,400 | $1,350 |
| 4 Bedroom | $460 | $1,100 | $1,560 |
Affordability — Troy, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $187,000 |
| Median Household Income | $62,400 |