Troy, NY housing market
Typical home value
$299K
▲ 4.8% 1 yr
Typical rent
$1,473/mo
▲ 7.4% 1 yr
Gross rent yield
5.9%
U.S. 6.3%
5-year home value change
+32%
U.S. +20%
Key takeaways
- 1The typical home in Troy is worth $298,947, up 4.8% over the past year and up 32% over five years.
- 2Typical rent is $1,473 a month (+7.4% YoY), a gross rent yield of 5.9% (above the Albany, NY metro's 5.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,643/mo, $170 more than typical rent.
- 4Zillow forecasts the Albany, NY metro's home values to change +3.7% over the next 12 months.
Market temperature (Albany, NY metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 57/100, #56 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Troy compares
| Measure | Troy | Albany, NY metro | United States |
|---|---|---|---|
| Typical home value | $298,947 | $373,057 | $366,157 |
| Home value, 1-yr change | +4.8% | +5.0% | +1.2% |
| Typical rent | $1,473 | $1,693 | $1,932 |
| Rent, 1-yr change | +7.4% | +4.7% | +2.7% |
| Gross rent yield | 5.9% | 5.4% | 6.3% |
| Price-to-rent ratio | 16.9 | 18.4 | 15.8 |
| Mortgage P&I, typical home | $1,643 | $2,050 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Troy rental, pre-filled.
Rent vs buy in Troy
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $299K home.
Landlord in New York? See New York deposit, late fee and notice rules.
Other cities in the Albany, NY metro
Schenectady, NY
$331K home$1,517 rent
▲ 5.1% 1 yr
Albany, NY
$332K home$1,664 rent
▲ 4.2% 1 yr
Saratoga Springs, NY
$657K home$2,165 rent
▲ 7.0% 1 yr
Ballston Spa, NY
$431K home$2,001 rent
▲ 4.8% 1 yr
Cohoes, NY
$339K home$1,865 rent
▲ 2.1% 1 yr
Rensselaer, NY
$316K home$1,877 rent
▲ 3.5% 1 yr
Watervliet, NY
$320K home$1,519 rent
▲ 3.4% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.