Multi-family Foreclosures in Troy, IL

Current Market Conditions in Troy, IL

The real estate market in Troy has been steady, showing resilient demand for homes due to its proximity to St. Louis. The city is witnessing an increase in new construction to accommodate the growing population, making it ideal for both buyers and investors.

Rental properties are also in demand, providing opportunities for investors and those looking for temporary accommodations while commuting to St. Louis. As the economy improves, property values are climbing steadily, and the market is favored by first-time homebuyers seeking affordable options.

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.