June's First-Time Homebuyer Report for Troy

The population of Troy is growing faster than the rest of Illinois, at a 10-year growth rate of 17.2%. It's a larger than average city compared to the rest of the state, with 9,888 residents. Troy is made up of homes that are of moderate age with a median of 24 years. The top school in the city is Triad High School.

Culture

If you are interested in some outdoor fun, Foursquare says that Tri-Township Park and Troy park are the most popular places in Troy. If you like to dine out, some popular restaurants are Mcdonalds, Arby's, and Dairy Queen. You could also check out the popular Time Out Sports Bar And Grill for a drink.

Price Range

Troy has some of the more expensive homes in the state with a median home value of $153,400 and a current average list price of $195,271. The Troy market broke below its 12-month average sales volume this week as sales dropped 14.3% to hit 12 homes sold over the last 30 days.

Typical Dwelling

The typical dwelling in Troy is a three-bedroom detached home worth about $180,777. To purchase a similar home, a buyer with good credit and a $36,155 cash down payment could obtain a mortgage with a 3.95% interest rate and a $863 monthly payment. The property tax rate is $16.94 per $1,000 of taxable assessed value.

Get started right now by checking out Troy homes for sale or reviewing Troy real estate trends.


Data reported through 6/29/2017

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RealStar Illinois
Snapped 1 home in this area
RE/MAX Alliance
Snapped 1 home in this area
Worth Clark Realty
Snapped 1 home in this area

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