Troy is a moderately-sized city located in the state of Ohio. The city has a population of 25,684 inhabitants. If we look at the most recent Census, Troy is known to have a predominantly White population. The next two most common races are Black and Asian. 74% of the people in Troy (over the age of 15) are married and 67% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the town before actually living in Troy, Ohio. The best areas in Troy and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Ohio and national averages.
Troy has a livability score of 81 out of 100 and is ranked #165 in Ohio and #1,333 in the USA. Based on this score, Troy would be considered a very livable city! Another exciting tidbit, is that Troy ranks better than 90% of all US cities! There are seven total categories that form the livability score. Troy ranks well for amenities (A+), crime (B+), cost of living (B) and education (A+).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Troy has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Troy gets top scores for their low violent crime rates of 147 crimes per 100,000 residents, which are significantly lower than the national average.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Troy have a test score average of 76%, which is well above the US average.
Assuming that Troy meets all of your requirements, the next most important item to examine is the affordability of real estate in Troy. Everything else becomes a lot less important if it turns out that home prices in Troy are simply unattainable. The median home price for Troy homes is $123,400, which is 6.4% lower than the Ohio average. If we take a closer look at the affordability of homes in Troy, we’ll see that the home price to income ratio is 2.6, which is 0% lower than the Ohio average. Year over year appreciation rates for homes in the Troy area were 10.2% and the 5 year appreciation rates came in at 4.1%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.