Troy, TX—76579
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Troy, TX
As of Oct '25, the median home price in Troy, TX is $260,000, with a year-over-year change of -3.4%. This indicates that home prices in Troy, TX are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | -3.4% |
| Single Family | $260,000 | -3.3% |
| 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 | $238,000 | -2.9% |
4 Bed | $286,000 | -5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Troy, TX
As of July '25, Rentcast reports the average rent in Troy, TX is $1,710, with a year-over-year rent change of 18.8%. Per bedroom, the median rent as of July '25 in Troy, TX is 1-bedrooms: $775, 2-bedrooms: $1,560, 3-bedrooms: $1,500, 4-bedrooms: $2,420. The most common rental property sizes in Troy, TX are 3-bedroom and 2-bedroom, accounting for 66.3% and 19.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $775 |
| 2 Bed Rent | $925 | $1,560 |
| 3 Bed Rent | $1,420 | $1,500 |
| 4 Bed Rent | $1,900 | $2,420 |
% of Rental Stock
Property Listings — Troy, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Troy, TX is 88. This is a decrease of -7.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $326,000 | -3.0% |
Listing Count | 49 | 21.0% |
| Listings as % of Homes | 1.6% | 21.0% |
Days on Market | 88 | -7.0% |
Demographics — Troy, TX
As of the latest ACS Survey released in 2023, Troy, TX has a population of 5,730, which has increased by 21.1% over the past 5 years. Troy, TX is a popular place for families, as children make up 31.6% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,730 | 21.1% |
% Under 18 | 31.6% | 6.4% |
% Seniors | 12.9% | -20.9% |
% WFH | 1.9% | 35.7% |
% w/ College Degree | 25.0% | 64.5% |
As of the latest ACS Survey released in 2023, Troy, TX is a predominantly white area, with 66.8% of the population identifying as white. The white population has shrunk by 16.0% in the last 5 years. The second most common race or ethnicity in Troy, TX is hispanic, making up 22.2% of the population. Foreign-born residents account for 5.3% of the population in Troy, TX, and this percentage has increased by 60.6% 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 | 66.8% | -16.0% |
% Black | 2.3% | 228.6% |
% Hispanic | 22.2% | 20.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 5.3% | 60.6% |
Mortgage and Risk — Troy, TX
According to HUD data as of 2023, there were 258 mortgage originations in Troy, TX, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 63.0% above 90% LTV (very high). This implies large mortgage risk in Troy, TX. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 258 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Troy, TX
As of 2024, the percent of homes in Troy, TX under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Troy, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $725 | $960 |
| 2 Bedroom | $285 | $925 | $1,210 |
| 3 Bedroom | $210 | $1,420 | $1,630 |
| 4 Bedroom | -$50 | $1,900 | $1,850 |
Affordability — Troy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $260,000 |
| Median Household Income | $83,100 |