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Cheap Homes in Troy, NY 12182

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Troy, NY Foreclosures

How much do homes sell for in Troy, NY?
The average home price is currently $299,257.
What’s the average rental cost in Troy, NY?
The average rental price in Troy is $1,360.
What is the most expensive home in Troy?
The most expensive home sold in Troy had a price of $18,263,256.
What is currently the cheapest priced home in Troy, NY?
The cheapest home for sale in Troy is priced at $10,202.

Living in Troy, NY

Troy, New York, is a vibrant city located along the banks of the Hudson River, known for its rich history, stunning architecture, and a thriving arts scene. The downtown area boasts a mix of modern amenities and historic charm, featuring diverse dining options, unique shops, and cultural attractions. With a strong sense of community and beautiful parks, Troy offers an ideal blend of urban and suburban living.

Current Market Conditions in Troy, NY

The Troy real estate market is currently experiencing a seller's market with limited inventory driving prices upward. Prospective buyers are finding it increasingly competitive, especially for homes in desirable neighborhoods close to downtown.

Over the past year, the median home prices in Troy have increased by approximately 12%, mirroring broader trends seen in many parts of the Capital Region. A growing interest in city living, especially among young professionals and families, has been noted.

Investments in local infrastructure and community developments are expected to continue attracting new residents, suggesting a favorable outlook for the housing market in the coming years.

Home Value Estimator For Troy, NY

There are currently 19,429 real estate properties in Troy, NY, with a median automated valuation model (AVM) price of $257,035.00. 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, NY, 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, NY, is $299,257.00, with the most expensive house in Troy, NY, topping out at $18,263,256.00 and the cheapest home in Troy, NY, clocking in at $10,202.00. In other words, there’s something for every potential homebuyer or savvy investor in Troy, NY!

Rent Prices In Troy, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Troy, NY, is on a rollercoaster ride. The average rent price in Troy, NY, is $1,360.00. Indeed, when looking to rent in Troy, NY, you can expect to pay as little as $770.00 or as much as $4,380.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Troy, NY -- 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.

Cheap Homes in Troy, NY 12182

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