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Troy

Troy

Located in Montgomery County

$204,974 Average Value
$246 Average Price per Sq Ft
4 Homes For Sale

Small-town living at the edge of the ancient Uwharrie Mountains

Nestled in the middle of North Carolina and removed from any metro area is the woodsy community of Troy. This small town of about 3,000 residents is the biggest municipality within Montgomery County. Troy sits at the eastern edge of the Uwharries, one of the oldest mountain ranges in North America. “They call it ‘The Gateway to the Uwharries,’” says Johanna Martin, a Realtor with River Valley Group at Carolina Living Associates and former Troy resident. “Troy is a hidden gem, calling in nature lovers, remote workers, and retirees alike. It’s a great place for first-time buyers or investors to find reasonably priced real estate.” Troy is also home to the headquarters and manufacturing center for Capel Rugs, a family-owned braided rug company with a 100-year legacy. The lumber industry is also important to the area. “Uwharrie Lumber Company is a big deal in this area for commerce, as is Jordan Lumber & Supply,” Martin says.

Proximity to the Uwharrie National Forest supports an active lifestyle

Troy borders the 51,000-acre Uwharrie National Forest. “In Uwharrie [National Forest], you’ve got lots of places for people to do outdoor activities: you can go camping, off-roading and mountain biking,” Martin says. Within the forest, Kings Mountain Point overlooks Badin Lake, a popular spot for boating and jet skiing, along with nearby Lake Tillery. “Kings Mountain Point has hiking trails and three paved, handicap-friendly fishing platforms – it’s unique that they’re paved. You can kayak and canoe all the way up to Morrow Mountain State Park. You can also pan for gold; it’s allowed for free inside the national forest or if it’s on your personal property,” Martin says. Troy was the center of the 19th century North Carolina Gold Rush; according to local legend, nuggets of gold were once found within the streets of Troy.

Locals can also meet up at Troy’s several parks and nature trails. Lowe Warner Park is the largest park in town, with courts for tennis and sand volleyball, a disc golf course and a baseball diamond. The Troy Nature Trail connects to the Roy J. Maness Nature Preserve, which has a fishing lake and camping area. Next to the preserve, Densons Creek Golf Course is an 18-hole, par 72 course that’s open to the public daily.

Troy has single-family homes under $400,000

Branching out from downtown, rural roads are lined with level lots. Yards typically contain mature trees, and some yards are spacious enough for a large garden. Ranch-styles and bungalows are the predominant types of single-family homes in Troy. Prices range from $130,000 to $400,000, depending on factors such as square footage and lot size. Fixer-uppers start at about $60,000.

Students are zoned for Montgomery County Schools

Montgomery County Schools, rated B-plus on Niche, serves the area. Students may begin at B-plus-rated Troy Elementary School for prekindergarten through second grade, followed by C-plus-rated Page Street Elementary for grades three through five. West Middle is rated C-plus and Montgomery Central High is rated B-minus. About 900 students attend the high school; they can choose between several different Career and Technical Education pathways focused on specialized fields like woodworking, drones and marketing.

Restaurants and retailers in Troy

Most shopping and dining options in Troy are concentrated downtown. Uwharrie Mercantile sells coffee, baked goods and sandwiches inside what used to be Hotel Troy, a 20th century building listed on the National Register of Historic Places. Boutiques and small businesses can be found downtown along Main Street, while pizza shops and casual eateries line Albemarle Road. Groceries and other essentials are available at Dollar General and Food King. The Troy Farmers’ Market sells handmade crafts, organic produce and other local food products every Thursday from April through early November. Big-box stores are rare in this rural area, but Walmart Supercenter is about 7 miles east.

Culture and community events in Montgomery County

Community events, art and music bring residents together in Troy. TroyFest is a tradition going back four decades, kicking off Fourth of July with fireworks, a parade, music and food. In the center of town, the Troy TownStage Amphitheater is an outdoor, pet-friendly venue that hosts free live music performances throughout the year. The Troy Montgomery Senior Center is the only place in the county for residents 55 and over to attend activities like bingo and to take advantage of free services like wellness programs. About 20 miles away, art lovers can browse the work of more than 100 local potters in Seagrove, a small town and mecca for handmade pottery.

Local hospital and walkable streets add to Troy’s small-town feel

Downtown Troy has gridded streets lined with sidewalks, and FirstHealth Montgomery Memorial Hospital is right in town. “Troy has the hospital, which is nice for the locals,” Martin says. State Route 109 leads out of Troy and winds through the Uwharrie National Forest. About 8 miles east, drivers can access Interstate 74, a major north-south highway that runs through North Carolina. State Route 27 leads about 60 miles west to Charlotte, and Charlotte Douglas International Airport is about 80 miles away.

Laura Copan
Written By
Laura Copan

Interested in learning more about homes in this area? Reach out to Michael St. Germain, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Troy Housing Trends

Housing Trends

Median List Price
$330,000
Median Sale Price
$370,000
Median Single Family Sale Price
$328,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
30
Median Home Sale Price YoY Change
-10%
Average Price Per Sq Ft
$246

Neighborhood Facts

Number of Homes in Neighborhood
1,323
Number of Homes for Sale
4
Median Year Built
1960
Months of Supply
1.60
Average Single Family Home Size Sq Ft
2,085
Above the national average
1,924
Median Lot Size Sq Ft
31,581

Open Houses

  • Vacant Moore Rd, Troy, NC 27371

    $170,000

    • Vacant Moore Rd

    Discover 17.02 wooded acres located within the city limits of Troy, NC—offering a rare opportunity for development! With access to city sewer and positioned for growth, this property provides excellent potential. While there is currently no developed road leading to the site, its prime location and natural setting make it a valuable investment for the future. Don't miss the chance to bring your

    Agent Photo
    Amanda Cody
    HOMETOWN REALTY PROS LLC
    (910) 469-0217
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  • 000 Holly Hills Dr, Troy, NC 27371

    $82,500

    • 000 Holly Hills Dr

    Discover your ideal homesite on this beautiful 2.81-acre tract, consisting of three spacious lots on Holly Hills Drive, conveniently located between Troy and Biscoe, NC. Well on Property. Featuring two access points on Holly Hills Drive, this property is ready to build, offering public water, soil evaluation, and easy access to power and cable. Situated close to Highway 24/27, you'll enjoy quick

    Agent Photo
    Evan Cates
    Price Realtors-Randleman
    (910) 400-1145
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  • TBD Elmwood Dr, Troy, NC 27371

    $4,000

    • TBD Elmwood Dr

    Discover Lot 1017 Elmwood in Holiday Shores on Lake Tillery—your ideal spot for summer fun, all for a low cost of just $5,500! This 0.17-acre lot offers a great location to keep your boat or watercraft close to the water, making it easy to enjoy days out on the lake. The community features a boat ramp and pier with low HOA dues of only $75 per year. Whether you're looking to build a weekend

    Agent Photo
    Amanda Cody
    HOMETOWN REALTY PROS LLC
    (910) 971-2117
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Troy Has More Owners

Demographics

Total Population
2,944
Median Age
41
Population under 18
24.1%
On par with the national average
23.8%
Population over 65
19.1%
On par with the national average
19.1%

Finances

Median Household Income
$44,463
Significantly below the national average
$71,702
Average Household Income
$54,827

Education and Workforce

High School Graduates
84.4%
College Graduates
14.5%
Below the national average
34.1%
Advanced Degrees
2.5%
% Population in Labor Force
53.1%
Below the national average
65.1%

Weather

Annual Precipitation
49''
Average Winter Low Temperature
30°F
Average Summer High Temperature
88°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

42 / 100

Car-Dependent

Walk Score®®

29 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Troy