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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 12.50% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 43.30% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $87,800 |
| Median Price asked for vacant units | $43,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $253 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 48.60% |
| Debt Free | 37.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
