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Rent To Own Homes in Troy, AL 36079

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Living in Troy, AL

Troy, Alabama is a welcoming community known for its rich history, vibrant local culture, and beautiful outdoor spaces. Its charming downtown offers local shops and restaurants, while the presence of Troy University adds to the town’s energetic atmosphere. With ample parks and recreational activities, it's a great place to live for those seeking a relaxed lifestyle.

Current Market Conditions in Troy, AL

The real estate market in Troy, AL is experiencing a steady growth, with an increasing demand for housing due to the influx of university students and young families. Home prices have shown a moderate increase, making it an attractive area for real estate investors looking for potential appreciation.

The rental market is also thriving, particularly near Troy University, as many students seek off-campus housing. Investors can find opportunities in both single-family homes and multi-family units to cater to this demand, making it a promising location for investment.

Home Value Estimator For Troy, AL

There are currently 5,529 real estate properties in Troy, AL, with a median automated valuation model (AVM) price of $180,573.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Troy, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Troy, AL, is $207,198.00, with the most expensive house in Troy, AL, topping out at $4,592,486.00 and the cheapest home in Troy, AL, clocking in at $13,915.00. In other words, there’s something for every potential homebuyer or savvy investor in Troy, AL!

Rent Prices In Troy, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Troy, AL, is on a rollercoaster ride. The average rent price in Troy, AL, is $1,000.00. Indeed, when looking to rent in Troy, AL, you can expect to pay as little as $440.00 or as much as $2,060.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Troy, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Troy, AL 36079 Rent To Own Homes


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