Troy, ID—83871
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, ID
As of Oct '25, the median home price in Troy, ID is $494,000, with a year-over-year change of 3.4%. This indicates that home prices in Troy, ID are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 3.4% |
| Single Family | $493,000 | 3.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Troy, ID
Troy, ID lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Troy, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, ID is 72. This is a increase of 87.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | 9.0% |
Listing Count | 5 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 72 | 87.0% |
Demographics — Troy, ID
As of the latest ACS Survey released in 2023, Troy, ID has a population of 2,280, which has increased by 8.5% over the past 5 years. Troy, ID is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,280 | 8.5% |
% Under 18 | 21.8% | -19.6% |
% Seniors | 27.2% | 47.0% |
% WFH | 8.8% | 109.5% |
% w/ College Degree | 37.0% | 20.5% |
As of the latest ACS Survey released in 2023, Troy, ID is a predominantly white area, with 94.0% 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, ID is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.9% of the population in Troy, ID, and this percentage has decreased by 60.9% 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 | 94.0% | 1.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.6% | 160.0% |
% Asian | 0.3% | -86.4% |
% Foreign Born | 0.9% | -60.9% |
Mortgage and Risk — Troy, ID
According to HUD data as of 2023, there were 81 mortgage originations in Troy, ID, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Troy, ID. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Troy, ID
Troy, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Troy, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $494,000 |
| Median Household Income | $87,100 |