Foreclosure Homes in Troy, IL

Current Market Conditions in Troy, IL

The real estate market in Troy, IL is currently experiencing steady growth, with home values appreciating over the past few months. This trend is driven by the area's desirable location, good schools, and community amenities that attract homebuyers seeking a suburban lifestyle with quick access to urban opportunities.

There has been an uptick in new home constructions in the last year, indicating a strong demand for housing. The market is competitive, with homes selling quickly, often above asking price. This trend has made Troy an appealing market for investors looking for rental income or to flip homes.

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 $1,298.00. 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.