Real Estate Investing in Troy, Ohio

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 37,274 • Miami County

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Should you buy in Troy, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Troy, OH?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $286,253
Avg Monthly Rent $1,468
ZIP Codes 1

Investing in Troy Real Estate

Across Troy's 1 ZIPs, the picture is sluggish: $286K median values, $1,468/mo rents, and a population that has faced real economic pressure.

Troy is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. plainly out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Troy at $1,468/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Troy show real pressure — median income of $N/AK is soft relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Dayton-Kettering, OH

Troy is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$286,253
Avg Monthly Rent
$1,468
1% Rule
✗ Below
Landlord Friendly (OH)

🎓 Colleges & Universities in Troy

1 College 327 Students
C+
Hobart Institute of Welding Technology
Vocational Private · 327 students

ZIP Codes in Troy, OH

Screen every ZIP in Troy

Filter Troy’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Troy, OH

What are vacancy rates like in Troy, OH?

Troy, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.

How much rent can I charge in Troy, OH?

Rents in Troy, OH run near $1,468/mo. Compared with median home prices of $286K that produces solid gross yields for typical rentals.

Is it easy to find good tenants in Troy, OH?

Tenant demand in Troy, OH is solid. The local workforce $1,468/mo rents across most rental classes.

Is housing expensive in Troy, OH?

Troy, OH home values average about $286K. That price point suits investors targeting rentals with $1,468/mo in monthly income.

Should investors consider Troy, OH?

With a 3.0/5 investability score, Troy, OH ranks as a solid market for rental property investors. Median prices of $286K and rents of $1,468/mo drive the underlying numbers.

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