Troy, AL 36081 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Troy, AL—36081

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$167,000

2.5% YoY Growth

Household Income

$42,000

51.6% YoY Growth

Days on Market

105

5.0% Shorter YoY

Home Price Forecast

-2.1%

Median Rent

$1,200

0.7% YoY Growth

1-Bed Rent

$733

25.5% YoY Growth

2-Bed Rent

$945

12.2% YoY Growth

3-Bed Rent

$1,500

8.6% YoY Growth

Home Price Trends — Troy, AL

As of Dec '25, the median home price in Troy, AL is $167,000, with a year-over-year change of -2.5%. This indicates that home prices in Troy, AL are decreasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$167,000	-2.5%
Single Family	$166,000	-3.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

0.6%

1 Bedroom

11.4%

2 Bedrooms

42.3%

3 Bedrooms

36.0%

4 Bedrooms

9.6%

Property Listings — Troy, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Troy, AL is 80. This is a decrease of -21.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$227,000	-12.0%
Listing Count	52	-7.0%
Listings as % of Homes	0.4%	-7.0%
Days on Market	105	-5.0%

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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%

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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%

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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%

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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

Troy, AL—36081

Key Metrics at a Glance

Home Price Trends — Troy, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troy, AL

% of Rental Stock

Property Listings — Troy, AL

Demographics — Troy, AL

Race and Ethnicity

Mortgage and Risk — Troy, AL

Mortgages

Rentals and Section 8 — Troy, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Troy, AL

Home Price to Income Ratio

Troy, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Woodland Hills

Louisville, AL

Hephzibah, AL

Thomas Crossroad, AL

Hamilton Crossroads, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$167,000
Median Household Income	$42,000

Troy, AL—36081

Key Metrics at a Glance

Home Price Trends — Troy, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troy, AL

% of Rental Stock

Property Listings — Troy, AL

Demographics — Troy, AL

Race and Ethnicity

Mortgage and Risk — Troy, AL

Mortgages

Rentals and Section 8 — Troy, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Troy, AL

Home Price to Income Ratio

Troy, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Woodland Hills

Louisville, AL

Hephzibah, AL

Thomas Crossroad, AL

Hamilton Crossroads, AL

Frequently Asked Questions

What is the average home price in Troy, AL 36081?

How have home prices in Troy, AL 36081 changed over the past year?

What is the home price projection for Troy, AL 36081?

What are the demographics of Troy, AL 36081?

How long does it take homes to sell in Troy, AL 36081?

What is the average rent price in Troy, AL 36081?