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City · 17,716 residents · Pike County, Alabama

Troy , Alabama

In Troy, a typical home is worth $231,400 and typical rent is $922 a month. Compared with all of Pike County, the typical home value is 47% higher, typical rent is 8% higher, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $231,400

    47% above the county

    10% above Alabama

    • Troy
    • Pike
    • Alabama

  • Typical rent

    $922a month

    8% above the county

    8% below Alabama

    • Troy
    • Pike
    • Alabama

  • Typical household income

    $50,717a year

    4% above the county

    21% below Alabama

    • Troy
    • Pike
    • Alabama

  • Households that own their home

    47%

    14 points below the county

    23 points below Alabama

    • Troy
    • Pike
    • Alabama

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$181,383
1.9% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Troy is in Pike County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Pike County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Troy apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Greenville, the typical home value is $115,000: 50% less than in Troy ($231,400).

  2. The typical home in Troy is worth $231,400, 47% more than in Pike County as a whole ($157,600).

  3. Nearby, in Ozark, the typical rent is $694: 25% less than in Troy ($922).

  4. 47% of households in Troy own their home, against 61% in Pike County.

  5. According to Zillow, in the 12 months to September 2026 the typical home value in Troy fell 1.9%; in Alabama, it rose 1.9%.

  6. 9% of households in Troy have no internet at home (15% in Pike County).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Troy

What homes there are in Troy, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Troy, 6 in 10 homes are single-family detached houses, about the same as in Pike County.

Year built

By age, homes in Troy look like those in Pike County: the typical year built is 1987.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 93% of owner-occupied homes in Troy are worth less than $500,000, below the FHA loan limit for Pike County ($541,287).

Monthly rent with utilities

With a mortgage

$1,406 a month

Pike County: $1,312 a month

Without a mortgage

$425 a month

Pike County: $386 a month

Owners with a mortgage

58%

Pike County: 51%

Owning costs more in Troy: with a mortgage, the typical cost is $1,406 a month; in Pike County, $1,312. Without one, $425.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Troy rose 50%; in Pike County, it rose 31%.

Since 2015–2019, the typical rent in Troy rose 34%, more than in Pike County (28%).

Income in Troy grew faster than housing: it rose 61%, while home values changed +50% and rent +34%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureTroyPike CountyAlabamaUnited States
Rental vacancy 13.8%14.7%7.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate1.6%1.7%3.4%
People per household 2.362.432.482.53
Drive alone 88%86%81%69%
Carpool 5%6%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%1%3%
Work from home Unreliable estimate5%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Troy look like those in Pike County: the rental vacancy rate is 13.8%.

A household in Troy has 2.36 people on average, about the same as in Pike County (2.43).

In Troy, 88% of workers drive alone to work; in Pike County, 86%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Troy?

A typical home costs more than the typical income allows

We start with a typical home in Troy, worth $231,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in Troy, which is $50,717 a year. For that payment to be 28% of income, a household would need to earn about $77,046 a year.

The calculator's FHA and conventional loan limits are those of all of Pike County.

Your numbers

Local data
$

Starts at the typical home value in Troy. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,099 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,798

at 7.18% · 30 years

Loan amount
$227,209
Total interest
$326,900
Paid off in
November 2056

Includes $3,908 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,183 a month

  • Tight

    $1,183 to $1,522 a month

  • Hard

    more than $1,522 a month

    Your payment · 43%

Compared with the typical household income in Troy ($50,717 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,798
Principal & interest$1,539
Property tax$60
Home insurance$96
FHA mortgage insurance (MIP)$102

You need at least $8,099 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Troy and Pike County

Troy is in Pike County, Alabama. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Troy's own numbers

Typical home value
$231,400
Typical monthly rent
$922
Typical yearly household income
$50,717
Households that own their home
47%
Effective property tax rate
0.31%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Pike County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,055
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Pike County.

Everything about Pike County

Buying

Buying a home in Troy

A typical home in Troy is worth $231,400: 47% above the county and 10% above Alabama. With the typical household income in Troy ($50,717 a year), a typical home costs 4.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Troy 4.6 years
  • Pike 3.2 years
  • Alabama 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Pike County

According to FHFA’s house price index, home prices in Pike County rose 48% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Pike County.

Period County Alabama U.S.
Last year (2025) +6.2% +2.5% +2.9%
5 years (2020–2025) +38% +47% +47%
10 years (2015–2025) +48% +77% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Troy next to Pike County, Alabama and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Troy $231,400
  • Pike $157,600
  • Alabama $209,900
  • United States $332,700
Typical monthly rent
  • Troy $922
  • Pike $856
  • Alabama $1,007
  • United States $1,413
Typical yearly household income
  • Troy $50,717
  • Pike $48,677
  • Alabama $63,999
  • United States $80,734
See the full table
Troy next to Pike County and Alabama
Measure Troy Pike County Alabama U.S.
Typical home value $231,400 $157,600 $209,900 $332,700
Typical monthly rent $922 $856 $1,007 $1,413
Typical yearly household income $50,717 $48,677 $63,999 $80,734
Households that own their home 47% 61% 70% 65%
Typical yearly property tax $707 $424 $788 $3,119
Effective property tax rate 0.31% 0.27% 0.38% 0.94%
Renters with high rent for their income 55% 55% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Pike County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Troy

For a typical $231,400 home in Troy, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Troy's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,798a month

    Least cash to close
    Down payment
    $8,099
    Cash to close
    $15,041
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $102

  • Conventional, 5% down $1,755a month

    Down payment
    $11,570
    Cash to close
    $18,512
    Rate
    7.18%
    Mortgage insurance
    PMI · $110

  • Conventional, 20% down, no PMI $1,410a month

    Down payment
    $46,280
    Cash to close
    $53,222
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,624a month

    Down payment
    $34,710
    Cash to close
    $41,652
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Troy and for Pike County.

Property tax

Effective rate in Troy

0.31%of the home’s value each year

$707 a year for the typical owner in Troy.

  • Troy 0.31%
  • Pike 0.27%
  • Alabama 0.38%

What Alabama publishes Basic homestead exemption (type H-1) (Alabama Department of Revenue)

Exemptions and deadlines in Alabama

Flood risk in Pike County

FEMA does not publish these numbers by city: they are for all of Pike County.

Homes in the high-risk zone
0.5%
70
Of those, with NFIP insurance
5.7%
County Alabama U.S.
Homes in the high-risk zone 0.5% 3.2% 3.5%
Of those, with NFIP insurance 5.7% 29% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Troy

Typical rent in Troy is $922 a month: 8% above the county. In Troy, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Pike County, by unit size. To pay the 2-bedroom one ($1,055 a month) without spending more than 30% of your income, you would need to earn $20.29 an hour working full time.

HUD fair market rent for all of Pike County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $801 $15.40 $32,040
1 bedroom $806 $15.50 $32,240
2 bedrooms $1,055 $20.29 $42,200
3 bedrooms $1,257 $24.17 $50,280
4 bedrooms $1,490 $28.65 $59,600

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Troy

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Troy has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,070 in 36081 to $1,120 in 36079.

3 of the 3 are above the fair market rent for Pike County ($1,055).

  • 36079 $1,120$1,350
  • 36081 $1,070$1,270
  • 36082 $1,070$1,270

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Troy when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Troy

HUD lists 10 buildings with rents for lower incomes in Troy. These are the largest.

  • Knox Aster 201 Segars St, Troy 36081 194 low-income homes · For families (334) 566-6300
  • Segars Murphree 201 Segars St, Troy 36081 154 low-income homes · For families (334) 566-6300
  • Pike Grove Apts 600 Botts Ave, Troy 36081 112 low-income homes · 1 bd: 12 · 2 bd: 100 · In service since 2014 · For families
  • Troy Manor Apartments 200 Bruce St, Troy 36081 50 low-income homes · For older adults (334) 566-7021
  • Charleston Square Apts 150 W Pike St, Troy 36081 44 low-income homes · 1 bd: 8 · 2 bd: 20 · 3 bd: 16 · In service since 1998 · For people with disabilities, families

See all 12 buildings in Pike County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Troy

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Pike County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Troy

No down payment, repair or rent-help program on our list is for Troy or Pike County. The ones below are statewide in Alabama: they work in Troy the same as in the rest of the state.

Which programs do I qualify for? All programs in Alabama

  • Step Up

    Statewide in Alabama

    Alabama state authority program with down payment assistance of 4% of the price (up to $10,000) as a 10-year second mortgage, alongside a 30-year fixed mortgage. Offered by Alabama Housing Finance Authority (AHFA).

    Repayable

    See the program Official page

  • First Step Mortgage Revenue Bonds

    Statewide in Alabama

    Alabama state authority 30-year low-rate mortgage, for first-time buyers and for people who have owned a home before, with down payment assistance of 4% of the price, up to $10,000, as a ten-year second mortgage. Offered by Alabama Housing Finance Authority (AHFA).

    Repayable

    See the program Official page

  • Affordable Income Subsidy Grant

    Statewide in Alabama

    Alabama state authority grant for closing costs with an HFA Advantage conventional loan: 1% of the loan if you earn up to 50% of the area median, or half a percent if you earn 50% to 80%. Offered by Alabama Housing Finance Authority (AHFA).

    Grant

    See the program Official page

Housing counselors near Troy

The HUD-approved agencies closest to the center of Troy, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Legal Services Alabama Inc

    2567 Fairlane Drive Suite 300, Montgomery · 40 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (886) 456-4995

  • NSC (naca Counseling Subsidiary) - Birmingham, AL

    529 Beacon Pkwy W Ste 204, Birmingham · 126 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (205) 942-8111

  • Hispanic Interest Coalition of Alabama

    200 6th Ave SW, Birmingham · 127 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (205) 942-5505

All counseling agencies in Alabama

Help in Spanish near Troy

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Troy

HUD’s record names them for Troy or Pike County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

2 other authorities have an office in Pike County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Troy, with the typical home value.

Everything about Pike County Housing in Alabama

Neighboring counties

If Pike County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Troy.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Troy

Short answers with the numbers for Troy and all of Pike County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Troy?

The typical home value in Troy is $231,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Pike County it is $157,600.

How much does it cost to rent in Troy?

Typical rent in Troy is $922 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Pike County is $1,055.

What is the FHA loan limit in Troy?

Troy uses the FHA limit for all of Pike County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Troy?

The typical homeowner in Troy pays $707 a year, according to the U.S. Census Bureau. That is 0.31% of the home’s value; in Pike County, the rate is 0.27%.

Where can I find free help to buy or rent in Troy?

We found no HUD-approved counseling agencies with an office in Pike County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).