Troy, MO—63379
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, MO
As of Oct '25, the median home price in Troy, MO is $302,000, with a year-over-year change of 4.1%. This indicates that home prices in Troy, MO are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $302,000 | 4.1% |
| Single Family | $303,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 7.0% |
3 Bed | $300,000 | 4.5% |
4 Bed | $400,000 | 5.3% |
| 5 Bed | $501,000 | 5.3% |
% of Housing Stock
Rental Trends — Troy, MO
As of July '25, Rentcast reports the average rent in Troy, MO is $1,370, with a year-over-year rent change of -15.4%. Per bedroom, the median rent as of July '25 in Troy, MO is 1-bedrooms: $608, 2-bedrooms: $1,190, 3-bedrooms: $1,640, 4-bedrooms: $2,040. The most common rental property sizes in Troy, MO are 3-bedroom and 2-bedroom, accounting for 50.5% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $517 | $608 |
| 2 Bed Rent | $1,200 | $1,190 |
| 3 Bed Rent | $1,500 | $1,640 |
| 4 Bed Rent | $1,950 | $2,040 |
% of Rental Stock
Property Listings — Troy, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, MO is 46. This is a increase of 18.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | 8.0% |
Listing Count | 107 | 1.0% |
| Listings as % of Homes | 0.5% | 1.0% |
Days on Market | 46 | 18.0% |
Demographics — Troy, MO
As of the latest ACS Survey released in 2023, Troy, MO has a population of 27,400, which has increased by 8.6% over the past 5 years. Troy, MO is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 8.6% |
% Under 18 | 25.7% | -0.8% |
% Seniors | 16.1% | 23.8% |
% WFH | 8.7% | 155.9% |
% w/ College Degree | 20.6% | 10.8% |
As of the latest ACS Survey released in 2023, Troy, MO is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Troy, MO is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.2% of the population in Troy, MO, and this percentage has increased by 9.1% 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 | 91.8% | -1.5% |
% Black | 1.1% | -60.7% |
% Hispanic | 3.1% | 93.8% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 1.2% | 9.1% |
Mortgage and Risk — Troy, MO
According to HUD data as of 2023, there were 797 mortgage originations in Troy, MO, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Troy, MO. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 797 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Troy, MO
As of 2024, the percent of homes in Troy, MO under the Section 8 program is 21.2%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Troy, MO, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 522 |
Total Units Section 8 | 522 |
% Rentals under Section 8 | 21.2% |
% Occupied Section 8 | 58.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $443 | $517 | $960 |
| 2 Bedroom | -$20 | $1,200 | $1,180 |
| 3 Bedroom | $20 | $1,500 | $1,520 |
| 4 Bedroom | -$200 | $1,950 | $1,750 |
Affordability — Troy, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $302,000 |
| Median Household Income | $86,800 |