Housing data for Troy, NC
Troy, NC has an estimated 2,926 residents and 1,396 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Montgomery County.
51.6% of households rent.
The median gross rent is $675 a month.
Its population shrank measurably since 2015–2019 (−11.2%).
Figures last updated on .
- Residents
- 2,926 (±23)
- Housing units
- 1,396 (±157)
- Households that rent
- 51.6%
- Median gross rent
- $675
- Residents since 2015–2019
- −11.2%
What stands out in Troy
Households that rent: 51.6% (±8.9 points) in Troy, higher than in Montgomery County (25.0%).
Households without a vehicle: 12.5% (±5.4 points) in Troy, higher than in Montgomery County (4.8%).
Homes built before 1980: 62.3% (±13.3 points) in Troy, higher than in Montgomery County (44.2%).
Median gross rent: $675 (±$63) in Troy, lower than in Montgomery County ($766).
Housing in Troy at a glance
- Median rent: $675 median gross rent a month
- Rent by bedrooms: $925 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 26.1% of renters pay 30% or more of income
- Renters and owners: 51.6% of households rent
- Income and affordability: $51,731 median household income
- Home values: $160,100 median home value
- Homeowner costs: $1,180 median monthly cost with a mortgage
- Property taxes: $1,237 median real estate taxes a year
- Types of homes: 5.7% of homes are in buildings of 5 or more units
- Bedrooms: 61.0% of homes have 3 or more bedrooms
- Age of homes: 62.3% of homes were built before 1980
- Vacancy rate: 6.9% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 73.8% heat with electricity
- Commute and cars: 25.1 minutes average trip to work
- Crime reported to police: 365 violent crimes per 100,000 residents
- Growth: −11.2% residents since 2015–2019
- How long people stay: 28.3% moved in since 2020
- Crowding and facilities: 1.9% of homes have more than 1 person per room (Small sample: wide margin of error)
Troy against Montgomery County, its state and the nation
| Troy | Montgomery County | North Carolina | United States | |
|---|---|---|---|---|
| Residents | 2,926 (±23) | 26,007 (exact) | 10,730,404 (exact) | 334,922,499 |
| Housing units | 1,396 (±157) | 14,998 (±31) | 4,895,668 (±642) | 143,775,355 |
| Households that rent | 51.6% (±8.9 points) | 25.0% (±3.0 points) | 33.4% (±0.2 points) | 34.8% |
| Median gross rent | $675 (±$63) | $766 (±$38) | $1,228 (±$5) | $1,413 |
| Median household income | $51,731 (±$20,267) | $57,766 (±$3,070) | $72,388 (±$324) | $80,734 |
| Median home value | $160,100 (±$28,686) | $161,700 (±$8,277) | $288,900 (±$1,086) | $332,700 |
| Median real estate taxes (a year) | $1,237 (±$211) | $1,037 (±$76) | $1,896 (±$8) | $3,119 |
| Built before 1980 | 62.3% (±13.3 points) | 44.2% (±3.6 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 25.1 minutes (±4.3) | 27.1 minutes (±1.9) | 25.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 81.7% (±7.0 points) | 82.7% (±2.9 points) | 90.1% (±0.2 points) | 91.0% |
| Median age of residents | 36.9 years (±5.1) | 44.0 years (±0.6) | 39.1 years (±0.2) | 38.9 years |
Troy covers 3.7 square miles of land, about 799 residents per square mile (Census Bureau Gazetteer).
How Troy has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 3,294 (±19) | 2,926 (±23) | −11.2% | Measurable decrease |
| Housing units | 1,445 (±232) | 1,396 (±157) | −3.4% | Not a measurable change |
| Median gross rent | $475 (±$36) | $675 (±$63) | +42.1% | Up after inflation |
| Median home value | $103,800 (±$40,962) | $160,100 (±$28,686) | +54.2% | No measurable change after inflation |
| Median household income | $26,747 (±$4,552) | $51,731 (±$20,267) | +93.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,072 (±$70) | $1,180 (±$99) | +10.1% | Down after inflation |
| Median real estate taxes | $1,184 (±$141) | $1,237 (±$211) | +4.5% | No measurable change after inflation |
| Households that rent | 55.1% (±8.6 points) | 51.6% (±8.9 points) | −3.5 percentage points | Not a measurable change |
| Rental vacancy rate | 4.2% (±5.0 points) | 6.9% (±7.3 points) | +2.7 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Troy
In 2025, the Troy Police Department reported 365 violent and 2,259 property crimes per 100,000 residents to the FBI.
Across Montgomery County, the departments that report recorded 215 violent and 1,297 property crimes per 100,000 residents that year.
Places near Troy
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Biscoe | 6.3 mi | $625 | $128,700 | 44.5% |
| Star | 6.6 mi | $642 | $136,300 | 52.6% |
| Candor | 10 mi | $1,020 | $164,900 | 34.8% |
| Mount Gilead | 12 mi | $1,061 | $157,300 | 38.8% |
| Badin | 13 mi | $975 | $160,200 | 28.4% |
| Seagrove | 14 mi | $705 | $157,500 | 13.9% |
| Norwood | 15 mi | $919 | $185,200 | 40.7% |
| Norman | 16 mi | — | — | 69.6% |
Places in North Carolina most like Troy
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Old Fort | $818 | $135,900 | $47,500 | 51.7% |
| Long View | $794 | $157,300 | $46,739 | 46.9% |
| Kenly | $787 | $205,200 | $57,045 | 45.8% |
| Dunn | $788 | $193,900 | $46,830 | 46.0% |
| Ahoskie | $809 | $143,200 | $40,987 | 52.4% |
| Sylva | $797 | $201,200 | $44,086 | 54.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across North Carolina.
HUD Fair Market Rent for Troy, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $825 | $830 | $1,012 | $1,325 | $1,675 |
HUD income limits for Troy, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $16,450 | $27,450 | $43,900 |
| 2 people | $21,640 | $31,350 | $50,150 |
| 3 people | $27,320 | $35,250 | $56,400 |
| 4 people | $33,000 | $39,150 | $62,650 |
| 5 people | $38,680 | $42,300 | $67,700 |
| 6 people | $44,360 | $45,450 | $72,700 |
| 7 people | $48,550 | $48,550 | $77,700 |
| 8 people | $51,700 | $51,700 | $82,700 |
These are the limits HUD sets for its housing programs in the Montgomery County, NC, where HUD’s median family income for fiscal year 2026 is $69,400.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Troy
What is the average rent in Troy, NC?
The Census Bureau publishes the median rather than the average: the median gross rent in Troy is $675 (±$63) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Troy rent-burdened?
26.1% of renting households in Troy pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Troy?
Troy has an estimated 594 (±145) renting households, 51.6% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Troy?
The median household income in Troy is $51,731 (±$20,267) a year (2020–2024 American Community Survey).
What is the average home value in Troy, NC?
The Census Bureau publishes the median: $160,100 (±$28,686) for owner-occupied homes in Troy (2020–2024 American Community Survey).
What is the average mortgage payment in Troy?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Troy, NC is $1,180 (±$99) a month, including taxes, insurance and utilities.
Is Troy growing?
In Troy, the number of residents went from 3,294 in 2015–2019 to 2,926 in 2020–2024 (−11.2%), a measurable decrease.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Troy town, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Troy town, North Carolina
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Troy town, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Troy town, North Carolina
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Troy town, North Carolina
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Troy town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Troy town, North Carolina
- HUD Fair Market Rents, fiscal year 2027: Montgomery County, NC
- HUD Income Limits, fiscal year 2026: Montgomery County, NC
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Troy Police Department (ORI NC0620100)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Troy town, North Carolina (place:68520, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .