Foreclosure Homes in Troy, IL

Current Market Conditions in Troy, IL

The real estate market in Troy has shown an upward trend, with an increase in home prices of about 4% over the past year due to rising demand and limited inventory. Buyers are drawn to the area's suburban charm, affordability compared to nearby cities, and quality schools, which are contributing to a competitive housing market.

In recent months, Troy's market has tightened as more families relocate to the area, causing homes to sell faster than in previous years. New constructions are also being seen with builders recognizing the demand for homes in this location, which bodes well for prospective homebuyers.

Rent Prices In Troy, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Troy, IL, is on a rollercoaster ride. The average rent price in Troy, IL, is $1,300.00. Indeed, when looking to rent in Troy, IL, you can expect to pay as little as $670.00 or as much as $2,370.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Troy, IL -- 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.