Living in Troy, ME
Troy, Maine, is a serene town in Waldo County known for its rural charm and welcoming community. Ideal for those seeking a peaceful lifestyle, it offers a range of outdoor activities and scenic landscapes. With a close-knit environment, residents can enjoy a slower pace of life surrounded by nature.
Current Market Conditions in Troy, ME
The real estate market in Troy, ME, has shown growth over the past year, with more families looking to relocate to quieter, suburban areas attractive for their affordability. The demand for homes in this area remains steady, especially for those seeking spacious properties with land.
Recent trends indicate a shift towards remote work, which has allowed more individuals to look for homes outside major urban centers. This has positively impacted the housing market in Troy, making it an appealing destination for those wanting to escape the hustle and bustle of city life.
Home Value Estimator For Troy, ME
There are currently 303 real estate properties
in Troy, ME,
with a median automated valuation model (AVM) price
of $243,232.00. 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, ME, 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, ME,
is $252,740.00, with the most expensive house
in Troy, ME, topping out
at $1,178,533.00 and the cheapest home
in Troy, ME,
clocking in at $42,540.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Troy, ME!
Rent Prices
In Troy, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Troy, ME, is on
a rollercoaster ride. The
average rent price in Troy, ME,
is $1,042.00. Indeed, when looking to rent in
Troy, ME, you can expect to pay as little
as $1,020.00 or as much
as $1,190.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Troy, ME
-- 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.
Learn more on Foreclosure homes
