Troy, OH 45373 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Troy, OH—45373

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$286,000

3.6% YoY Growth

Household Income

$78,300

32.2% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,200

4.7% YoY Growth

1-Bed Rent

$750

10.5% YoY Growth

2-Bed Rent

$1,180

7.0% YoY Growth

3-Bed Rent

$1,550

2.5% YoY Growth

Home Price Trends — Troy, OH

Troy, OH lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$286,000	3.6%
Single Family	$288,000	3.6%
Condos	$223,000	2.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$124,000	1.6%

Rental Trends — Troy, OH

As of July '25, Rentcast reports the average rent in Troy, OH is $1,210, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Troy, OH is studios: $725, 1-bedrooms: $825, 2-bedrooms: $1,220, 3-bedrooms: $1,540, 4-bedrooms: $1,520. The most common rental property sizes in Troy, OH are 2-bedroom and 1-bedroom, accounting for 48.4% and 21.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,210
Studio Rent	$725	$725
1 Bed Rent	$750	$825
2 Bed Rent	$1,180	$1,220
3 Bed Rent	$1,550	$1,540
4 Bed Rent	$1,520	$1,520

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% of Rental Stock

Studio

3.1%

1 Bedroom

21.4%

2 Bedrooms

48.4%

3 Bedrooms

20.1%

4 Bedrooms

5.8%

5+ Bedrooms

1.2%

Property Listings — Troy, OH

As of May '26, Realtor.com reports that the median days on market for a home in Troy, OH is 42. This is a increase of 4.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$390,000	4.0%
Listing Count	145	33.0%
Listings as % of Homes	0.5%	33.0%
Days on Market	42	4.0%

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Demographics — Troy, OH

As of the latest ACS Survey released in 2023, Troy, OH has a population of 37,300, which has increased by 3.6% over the past 5 years. Troy, OH is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,300	3.6%
% Under 18	24.8%	2.5%
% Seniors	17.4%	5.5%
% WFH	9.7%	259.3%
% w/ College Degree	33.3%	14.8%

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As of the latest ACS Survey released in 2023, Troy, OH is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Troy, OH is hispanic, making up 3.5% of the population. Foreign-born residents account for 4.2% of the population in Troy, OH, and this percentage has increased by 35.5% 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	86.5%	-2.5%
% Black	2.7%	-25.0%
% Hispanic	3.5%	25.0%
% Asian	2.8%	7.7%
% Foreign Born	4.2%	35.5%

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Mortgage and Risk — Troy, OH

According to HUD data as of 2023, there were 876 mortgage originations in Troy, OH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Troy, OH. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	876
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Troy, OH

As of 2024, the percent of homes in Troy, OH under the Section 8 program is 16.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Troy, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	759
Total Units Section 8	672
% Rentals under Section 8	16.2%
% Occupied Section 8	89.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$40	$750	$790
2 Bedroom	-$170	$1,180	$1,010
3 Bedroom	-$250	$1,550	$1,300
4 Bedroom	-$80	$1,520	$1,440

Troy, OH—45373

Key Metrics at a Glance

Home Price Trends — Troy, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troy, OH

% of Rental Stock

Property Listings — Troy, OH

Demographics — Troy, OH

Race and Ethnicity

Mortgage and Risk — Troy, OH

Mortgages

Rentals and Section 8 — Troy, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Troy, OH

Home Price to Income Ratio

Troy, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Tipp City, OH

Casstown, OH

Piqua, OH

Vandalia, OH

Ludlow Falls, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$286,000
Median Household Income	$78,300

Troy, OH—45373

Key Metrics at a Glance

Home Price Trends — Troy, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troy, OH

% of Rental Stock

Property Listings — Troy, OH

Demographics — Troy, OH

Race and Ethnicity

Mortgage and Risk — Troy, OH

Mortgages

Rentals and Section 8 — Troy, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Troy, OH

Home Price to Income Ratio

Troy, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Tipp City, OH

Casstown, OH

Piqua, OH

Vandalia, OH

Ludlow Falls, OH

Frequently Asked Questions

What is the average home price in Troy, OH 45373?

How have home prices in Troy, OH 45373 changed over the past year?

What is the home price projection for Troy, OH 45373?

What are the demographics of Troy, OH 45373?

How long does it take homes to sell in Troy, OH 45373?

What is the average rent price in Troy, OH 45373?