In Troy, a typical home is worth $217,400 and typical rent is $1,003 a month. Compared with all of Miami County, typical household income is 10% lower, the typical home value is 5% lower, and the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $214,591 to $281,444.
Typical rent
$1,422a month
▲ 1.8% more than 12 months ago
Typical rent from Zillow, March 2022 to September 2026: from $1,122 to $1,422.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Troy is in Miami 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 Miami County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in New Carlisle, the typical home value is $131,800: 39% less than in Troy ($217,400).
2
Nearby, in New Carlisle, the typical rent is $840: 16% less than in Troy ($1,003).
3
66% of households in Troy own their home, against 73% in Miami County.
Sources: U.S. Census Bureau (Average 2020–2024).
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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Troy
Miami County
Ohio
United States
Kind of home: Troy and its comparisons
Measure
Troy
Miami County
Ohio
United States
Detached house
72%
79%
69%
61%
Attached house
5%
4%
5%
6%
Building of 2 to 4
11%
8%
8%
8%
Apartments (5 or more)
12%
8%
15%
19%
Mobile home
Unreliable estimate
Unreliable estimate
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Troy, 7 in 10 homes are single-family detached houses; in Miami County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Troy
Miami County
Ohio
United States
Year built: Troy and its comparisons
Measure
Troy
Miami County
Ohio
United States
Before 1960
31%
36%
38%
26%
1960–1979
30%
28%
26%
24%
1980–1999
17%
18%
20%
25%
2000–2009
14%
9%
10%
14%
2010 or later
8%
9%
7%
11%
The typical year built in Troy is 1972, about the same as in Miami County (1971).
There are fewer big homes in Troy than in Miami County: 65% have 3 bedrooms or more, against 69%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K9%
$100K–$200K37%
$200K–$300K23%
$300K–$500K27%
$500K–$750K3%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Troy and its comparisons
Measure
Troy
Under $100K
9%
$100K–$200K
37%
$200K–$300K
23%
$300K–$500K
27%
$500K–$750K
3%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
About 96% of owner-occupied homes in Troy are worth less than the FHA loan limit for Miami County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99944%
$1,000–$1,49932%
$1,500–$1,99913%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Troy and its comparisons
Measure
Troy
Under $500
Unreliable estimate
$500–$999
44%
$1,000–$1,499
32%
$1,500–$1,999
13%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,326 a month
Miami County: $1,453 a month
Without a mortgage
$478 a month
Miami County: $549 a month
Owners with a mortgage
70%
Miami County: 63%
The typical cost for an owner with a mortgage in Troy is $1,326 a month, less than in Miami County ($1,453); without one, $478.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Troy+56%
Miami County+51%
Ohio+47%
United States+53%
Typical rent
Troy+27%
Miami County+26%
Ohio+28%
United States+33%
Typical household income
Troy+27%
Miami County+26%
Ohio+26%
United States+29%
Change since 2015–2019: Troy and its comparisons
Measure
Troy
Miami County
Ohio
United States
Typical home value
+56%
+51%
+47%
+53%
Typical rent
+27%
+26%
+28%
+33%
Typical household income
+27%
+26%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Troy rose 56%; in Miami County, it rose 51%.
Much as in Miami County, the typical rent in Troy rose 27% since 2015–2019.
To compare: typical income in Troy rose 27%; the home, +56%; the rent, +27%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Troy and its comparisons
Measure
Troy
Miami County
Ohio
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
0.8%
1.5%
3.4%
People per household
2.37
2.44
2.37
2.53
Drive alone
78%
80%
75%
69%
Carpool
7%
6%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
12%
10%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Much as in Miami County, a household in Troy has 2.37 people on average.
The car rules in Troy: 78% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Troy?
A typical home is tight for the typical income
We start with a typical home in Troy, worth $217,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Troy, which is $68,830 a year. For that payment to be 28% of income, a household would need to earn about $76,577 a year.
The calculator's FHA and conventional loan limits are those of all of Miami County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Troy. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,609 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,787
at 7.18% · 30 years
Loan amount
$213,462
Total interest
$307,122
Paid off in
November 2056
Includes $3,671 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,606 a month
Tight
$1,606 to $2,065 a month
Your payment · 31%
Hard
more than $2,065 a month
Compared with the typical household income in Troy ($68,830 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,446
Property tax
$154
Home insurance
$91
FHA mortgage insurance (MIP)
$96
You need at least $7,609 for the down payment, plus closing costs.
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.
Total monthly payment $1,787; principal and interest $1,446.
The city and its county
Troy and Miami County
Troy is in Miami County, Ohio. 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
Map of Miami County, Ohio, with Troy marked. Around it, the neighboring counties.
Troy
Miami County
Other cities with a page
Troy's own numbers
Typical home value
$217,400
Typical monthly rent
$1,003
Typical yearly household income
$68,830
Households that own their home
66%
Effective property tax rate
0.85%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Miami County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,248
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
1.7%
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 Miami County.
A typical home in Troy is worth $217,400: 5% below the county and about the same as Ohio. With the typical household income in Troy ($68,830 a year), a typical home costs 3.2 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.
Troy3.2 years
Miami3.0 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Miami County
According to FHFA’s house price index, home prices in Miami County rose 95% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Miami County.
Yearly change in FHFA’s price index in Miami County, 2016 to 2025
2016: +3.5% +3.5% 2016
2017: +4.1% +4.1% 2017
2018: +5.5% +5.5% 2018
2019: +5.3% +5.3% 2019
2020: +4.8% +4.8% 2020
2021: +11.2% +11.2% 2021
2022: +13.0% +13.0% 2022
2023: +8.6% +8.6% 2023
2024: +9.5% +9.5% 2024
2025: +4.0% +4.0% 2025
Change in FHFA’s price index in Miami County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+4.0%
+4.8%
+2.9%
5 years (2020–2025)
+55%
+53%
+47%
10 years (2015–2025)
+95%
+93%
+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 Miami County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Troy$217,400
Miami$229,100
Ohio$214,800
United States$332,700
Typical monthly rent
Troy$1,003
Miami$966
Ohio$1,034
United States$1,413
Typical yearly household income
Troy$68,830
Miami$76,817
Ohio$71,389
United States$80,734
See the full table
Troy next to Miami County and Ohio
Measure
Troy
Miami County
Ohio
U.S.
Typical home value
$217,400 ▼5% below the county
$229,100
$214,800
$332,700
Typical monthly rent
$1,003 ▲4% above the county
$966
$1,034
$1,413
Typical yearly household income
$68,830 ▼10% below the county
$76,817
$71,389
$80,734
Households that own their home
66% ▼8 points below the county
73%
67%
65%
Typical yearly property tax
$1,850 ▼18% below the county
$2,254
$2,822
$3,119
Effective property tax rate
0.85% ▼0.13 points below the county
0.98%
1.31%
0.94%
Renters with high rent for their income
42% ▼1 points below the county
43%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Miami 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 $217,400 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$1,787a month
Least cash to close
Down payment
$7,609
Cash to close
$14,131
Rate
7.18%
Mortgage insurance
FHA MIP · $96
Conventional, 5% down$1,747a month
Down payment
$10,870
Cash to close
$17,392
Rate
7.18%
Mortgage insurance
PMI · $103
Conventional, 20% down, no PMI$1,423a month
Down payment
$43,480
Cash to close
$50,002
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,624a month
Down payment
$32,610
Cash to close
$39,132
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Troy
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,787
$7,609
$213,462
7.18%
FHA MIP · $96
$14,131
580
Conventional, 5% down
$1,747
$10,870
$206,530
7.18%
PMI · $103
$17,392
620*
Conventional, 20% down, no PMI
$1,423
$43,480
$173,920
7.18%
None
$50,002
620*
ITIN, 15% down (example)
$1,624
$32,610
$184,790
8.18%
None
$39,132
Set by the lender
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.
Typical rent in Troy is $1,003 a month: 4% above the county. In Troy, 42% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Miami County, by unit size. To pay the 2-bedroom one ($1,248 a month) without spending more than 30% of your income, you would need to earn $24.00 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Miami County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$909
$17.48
$36,360
1 bedroom
$1,008
$19.38
$40,320
2 bedrooms
$1,248
$24.00
$49,920
3 bedrooms
$1,623
$31.21
$64,920
4 bedrooms
$1,774
$34.12
$70,960
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 is in ZIP code 45373.
For 2 bedrooms it is $1,170: $78 less than the fair market rent for Miami County ($1,248).
Fair market rent by ZIP code and size in Troy, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
45373
$850
$940
$1,170
$1,520
$1,660
ZIP code2 bd3 bd
45373 $1,170$1,520
1 of these ZIP codes crosses 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
Terrace Ridge Apts67 Cloverleaf Dr, Troy 45373167 low-income homes · Studio: 50 · 1 bd: 80 · 2 bd: 37 · In service since 1997
Floral View1 W Franklin St, Troy 45373127 low-income homes · Run by Miami Metropolitian Housing Authority · Average payment: $407 a month · Average wait: 19 months(937) 339-2111
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 Miami County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Troy or Miami County. The ones below are statewide in Ohio: they work in Troy the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Troy or Miami County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Troy and all of Miami 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 $217,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Miami County it is $229,100.
How much does it cost to rent in Troy?
Typical rent in Troy is $1,003 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Miami County is $1,248.
What is the FHA loan limit in Troy?
Troy uses the FHA limit for all of Miami 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 $1,850 a year, according to the U.S. Census Bureau. That is 0.85% of the home’s value; in Miami County, the rate is 0.98%.
Where can I find free help to buy or rent in Troy?
We found no HUD-approved counseling agencies with an office in Miami County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
