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Troy

Troy

Located in Miami County

$249,859 Average Value
$168 Average Price per Sq Ft
87 Homes For Sale

An early boom brought high quality of life

Ambitiously named after the Greek city-state, Troy has made its mark since its founding in 1808, just five years after Ohio became a state. The city's strategic location along the Great Miami River led to an early manufacturing industry explosion and population increases. Industries like Collins Aerospace, Clopay Corporation and F&P America Manufacturing still employ over 3,000 residents in the city today. Revitalization programs bring new life to the city's core and maintain a relatively low cost of living. "People always say where they choose to live is the best place, but we have unparalleled quality of life here," says Joseph Graves, president of the Troy Area Chamber of Commerce. "The city is well taken care of, and people have a lot of pride in their homes and community."

Housing programs preserve historic designs

Neighborhoods have a wide range of architectural styles. Around downtown, bungalows and American Foursquares sit beside Victorian, Dutch Colonial and Tudor homes. Larger outskirt subdivisions feature New Traditional and ranch-style homes. "New construction has slowed with increasing rates, but we still have a healthy slate of development," Graves says. Housing programs preserve older architecture and remove blight across the community. The city's median sale price is around $280,000, lower than the national median of $406,000.

Beautiful historic homes are found in downtown Troy.
Beautiful historic homes are found in downtown Troy.
Homes styles vary throughout Troy neighborhoods.
Homes styles vary throughout Troy neighborhoods.
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Technical degrees at the Hobart Institute

The Troy City School District covers most of the city, while Miami East Local Schools serves the east side of Troy. Both districts have a B-plus Niche rating. Troy High School also earns a B-plus rating, ranking as the county's second-best public high school out of 10. The city is also home to Edison State Community College and the Hobart Institute of Welding Technology, an internationally recognized technical college.

Troy High School teaches students in grades 9-12.
Troy High School teaches students in grades 9-12.
Troy Junior High, in Troy, Ohio, has a student to teacher ratio or 18 to 1.
Troy Junior High, in Troy, Ohio, has a student to teacher ratio or 18 to 1.
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Playing public tunes throughout downtown

Downtown Troy bustles with activity. It's full of locally owned restaurants, specialty shops and space for new storefronts. A Designated Outdoor Refreshment Area (DORA) lets people ages 21 and over freely explore downtown while enjoying alcoholic beverages. Flowering planters, sculptures and brightly painted street pianos invite people to the district's walkable streets, and business incentives help entrepreneurs set up shop. Troy also has a growing Tax Increment Finance District with several nationally recognized retail and dining destinations along Interstate 75.

Troy is home to the historic Miami County Courthouse.
Troy is home to the historic Miami County Courthouse.
Agave & Rye is a unique taco shop in downtown Troy.
Agave & Rye is a unique taco shop in downtown Troy.
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County fairgrounds and the Hobart Arena

City parks surround the Miami River, which winds through the center of town. While most people use it to kayak, boat or fish, Treasure Island Park rents out floating tents so people can camp on the water. Next door is the Miami County Fairgrounds, where the county fair has been held since 1847. Hobart Urban Nature Preserve's grasslands support bird watching, hiking and seasonal cross-country skiing. During summer, people splash around Troy Aquatic Park's pools and waterslides.

Hobart Arena is the city's epicenter of indoor recreation. Its public ice-skating rink is open year-round, and it's known for hosting some of the city's biggest entertainers. "Elvis Presley actually performed there in the early days," Graves says. The Troy-Hayner Cultural Center offers art classes and rotating exhibits, while The WACO Museum and Aviation Learning Center preserves Troy's aviation history through its collection of historic aircraft. It also hosts annual fly-ins that attract people from around the country.

Troy is situated next to the Great Miami River.
Troy is situated next to the Great Miami River.
Meadowpoint Park is a neighborhood park in Troy, Ohio.
Meadowpoint Park is a neighborhood park in Troy, Ohio.
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Troy is located in Miami County and is one of the best places to live.
Troy is located in Miami County and is one of the best places to live.

Interstate access leads to Dayton

Troy has no public transportation, so residents rely on cars. Main Street and North Market Street are the city's primary thoroughfares, and traffic flows freely. "We're not that big of a community, so even during rush, it's not like Dayton traffic," says Mary Couser, Realtor at Galbreath Realtors. Interstate 75 is a direct line into Dayton, about 20 miles away. The closest commercial airport is Dayton International Airport, 14 miles south.

Sweet treats at The Strawberry Festival

One of Troy's biggest events is The Strawberry Festival. Drawing crowds of over 200,000, attendees enjoy strawberry-themed snacks, activities and fruit picking at Fulton Farms, the biggest strawberry patch east of the Mississippi River. Courthouse Plaza hosts weekly concerts in summer, and First Fridays bring special deals and shop hops. "In the fall, we have Porchfest. People have local bands come and play on their front porch, and we all walk around the neighborhoods to listen to them," Couser says. Around Thanksgiving, people come from all over to get a heaping plate at The Lincoln Community Center's annual feast.

Low crime rates, higher tornado risk

According to the FBI, property and violent crime rates in Troy are lower than the national average.

Troy enjoys moderate weather year-round, and annual flooding is low due to levees along the river. However, the city is at risk for tornadoes, with the last big storm passing through in 2023.

Isabel Butler
Written By
Isabel Butler

Interested in learning more about homes in this area? Reach out to Diane Heeter, an experienced agent in this area.

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Troy Housing Trends

Housing Trends

Median List Price
$274,900
Median Sale Price
$264,000
Median Single Family Sale Price
$266,250
Median Townhouse Sale Price
$279,000
Median 2 Bedroom Sale Price
$234,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
592
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$168

Area Facts

Number of Homes
8,821
Number of Homes for Sale
87
Median Year Built
1967
Months of Supply
1.80
Average Single Family Home Size Sq Ft
1,653
Below the national average
1,929
Average Townhouse Size Sq Ft
2,288
Average 2 Bedroom Size Sq Ft
1,372
Average 1 Bedroom Size Sq Ft
2,744
Median Lot Size Sq Ft
9,147

Open Houses

  • Sunday, Nov 2
    Open Sun 12PM - 3PM

    2430 Coriander Ct, Troy, OH 45373

    $410,000

    • 5 Beds
    • 2.5 Baths
    • 2,473 Sq Ft
    • 2430 Coriander Ct
    • New 2 days ago

    Welcome to 2430 Coriander Court, a well-maintained home located in the WestLake Village community in Troy. This property sits on a quiet cul-de-sac and offers comfortable living spaces, thoughtful updates, and access to neighborhood amenities. The main level features a warm, open living room with plenty of natural light and space for everyday living or entertaining. The kitchen includes rich wood

    Shai Emerick NavX Realty, LLC

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  • Sunday, Nov 2
    Open Sun 1PM - 2:30PM

    2290 Murphy Ln E, Troy, OH 45373

    $357,900

    • 3 Beds
    • 2.5 Baths
    • 1,728 Sq Ft
    • 2290 Murphy Ln E
    • New 13 days ago

    Welcome home to this beautifully maintained 3-bedroom, 2.5-bath property in Troy. The open and inviting floor plan features a bright living area, a spacious kitchen with plenty of storage, and a dining space that flows effortlessly to the outdoors. Downstairs, the finished basement offers extra living space--perfect for a rec room, home office, or fitness area. Step outside to enjoy the brand-new

    Lindsey Chaney Coldwell Banker Heritage Realtors

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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
28,037
Median Age
42
Population under 18
24.2%
On par with the national average
23.8%
Population over 65
19.8%
On par with the national average
19.1%

Finances

Median Household Income
$66,878
Below the national average
$71,702
Average Household Income
$90,089

Education and Workforce

High School Graduates
92.2%
College Graduates
29.6%
On par with the national average
34.1%
Advanced Degrees
10.7%
% Population in Labor Force
68.4%
On par with the national average
65.1%

Weather

Annual Precipitation
42''
Average Winter Low Temperature
22°F
Average Summer High Temperature
86°F
Annual Snowfall
21''

Area Factors

Bikeable

Bike Score®®

57 / 100

Somewhat Walkable

Walk Score®®

64 / 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