Troy, AL Real Estate

According to census data in the year 2000 there were 6,333 housing units in Troy. This represents a 23% growth from 5,150 in 1990.

Of those housing units, 5,274 were located in either urbanized areas or urban clusters, and 1,059 were located in what is classified as a rural area.

Homeownership rate in Troy is about 55.8%. Troy's vacancy rate, including seasonal lodging, is about 12.9%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Troy were built after 1976.


Housing Size

Housing Units by Size
Studio Type2.60%
One Bedroom12.50%
Two Bedrooms29.30%
Three Bedrooms43.30%
Four Bedrooms10.10%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1975
Median Value of occupied units$87,800
Median Price asked for vacant units$43,200

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1977
Median Monthly Rent asked for vacant units$253

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage5.60%
Home Equity Loan7.30%
Simple Mortgage48.60%
Debt Free37.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.8%