Troy, AL—36081
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, AL
As of Oct '25, the median home price in Troy, AL is $161,000, with a year-over-year change of -2.1%. This indicates that home prices in Troy, AL are decreasing. According to Zillow, the 1-year price projection is -3.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | -2.1% |
| Single Family | $161,000 | -2.4% |
| 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 | $205,000 | 1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Troy, AL
As of July '25, Rentcast reports the average rent in Troy, AL is $1,330, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Troy, AL is 1-bedrooms: $816, 2-bedrooms: $949, 3-bedrooms: $1,510, 4-bedrooms: $2,220. The most common rental property sizes in Troy, AL are 2-bedroom and 3-bedroom, accounting for 42.3% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $733 | $816 |
| 2 Bed Rent | $945 | $949 |
| 3 Bed Rent | $1,500 | $1,510 |
| 4 Bed Rent | $1,650 | $2,220 |
% of Rental Stock
Property Listings — Troy, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, AL is 76. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | -4.0% |
Listing Count | 53 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 76 | -13.0% |
Demographics — Troy, AL
As of the latest ACS Survey released in 2023, Troy, AL has a population of 15,700, which has decreased by -1.1% over the past 5 years. Troy, AL is a moderately popular place for families, as children make up 17.3% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | -1.1% |
% Under 18 | 17.3% | -12.2% |
% Seniors | 9.1% | -35.0% |
% WFH | 4.2% | 44.8% |
% w/ College Degree | 32.2% | 22.9% |
As of the latest ACS Survey released in 2023, Troy, AL is a predominantly white area, with 51.3% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Troy, AL is black, making up 42.1% of the population. Foreign-born residents account for 3.7% of the population in Troy, AL, and this percentage has decreased by 41.3% 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 | 51.3% | 0.0% |
% Black | 42.1% | -0.7% |
% Hispanic | 0.5% | -28.6% |
% Asian | 3.4% | 0.0% |
% Foreign Born | 3.7% | -41.3% |
Mortgage and Risk — Troy, AL
According to HUD data as of 2023, there were 143 mortgage originations in Troy, AL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Troy, AL. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 143 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Troy, AL
Troy, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 668 |
Total Units Section 8 | 667 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $37 | $733 | $770 |
| 2 Bedroom | $55 | $945 | $1,000 |
| 3 Bedroom | -$290 | $1,500 | $1,210 |
| 4 Bedroom | -$320 | $1,650 | $1,330 |
Affordability — Troy, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $161,000 |
| Median Household Income | $42,000 |