Troy, OH
Population 26,716 · Ohio
About Troy, OH
Troy is a mid-sized city located in Ohio with a population of 26,716 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,450 per year, which is 6% below the national median of $75,149. The median age of 37.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Troy features a median home value of $199,400, which is 19% below the national median of $244,900. This positions Troy in a moderately priced market relative to the rest of the country. Median monthly rent is $934, 20% below the national average of $1,163/month. Of the 11,527 total housing units, 65% are owner-occupied (7,158 units) and 35% are renter-occupied (3,801 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Troy shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Troy have an average one-way commute time of 20.5 minutes.
Education & Demographics
31.7% of Troy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.6% White, 0.8% Hispanic or Latino, 0.5% Black or African American, and 0.2% Asian residents, with 4.7% of the population being foreign-born.
Cost of Living in Troy, OH
Compared to national averages, Troy has a median household income of $70,450 (6% below the national median of $75,149). Home values average $199,400, which is 19% below the national median. Monthly rent at $934 is 20% below the US average of $1,163. Within Ohio, Troy's income is 2% below the state average of $71,814, and home values are 14% above the state median of $174,449.
Why Live in Troy, OH?
Troy offers affordable housing with a median home value of $199,400, below the US average of $244,900, and rent that’s lower than the national average at $934/month, and a low poverty rate of 11.3%, better than the national average. Additionally, the city features short commute times averaging just 20.5 minutes.
Potential considerations include median household income ($70,450) that falls below the national average. However, Troy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Troy has a population of 26,716 with a median age of 37.6 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Troy
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marysville | 26,540 | $92,490 | $271,000 | Compare |
| Wooster | 27,012 | $65,888 | $198,400 | Compare |
| Kent | 27,190 | $42,524 | $210,700 | Compare |
| Green | 27,381 | $92,653 | $269,400 | Compare |
| Medina | 26,040 | $76,099 | $231,700 | Compare |
| Xenia | 25,555 | $54,616 | $147,300 | Compare |
| Avon Lake | 25,456 | $110,174 | $337,200 | Compare |
| Avon | 25,082 | $126,618 | $377,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Troy With Other Cities
Frequently Asked Questions about Troy
What is the population of Troy, OH?
The population of Troy, OH is 26,716 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Ohio.
What is the median household income in Troy?
The median household income in Troy, OH is $70,450 per year, which is 6% below the national median of $75,149.
What is the median home value in Troy?
The median home value in Troy, OH is $199,400, which is 19% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Troy?
The median monthly rent in Troy, OH is $934, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Troy?
The unemployment rate in Troy, OH is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Troy, OH a good place to live?
Troy offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 26,716 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Troy, OH?
31.7% of residents in Troy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Troy?
Key cost-of-living indicators for Troy, OH: median home value is $199,400 (19% below national), median rent is $934/month, and median household income is $70,450. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Troy?
The poverty rate in Troy, OH is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Troy, OH?
Troy's population is 2.6% White, 0.8% Hispanic or Latino, 0.5% Black or African American, 0.2% Asian, and 3.3% two or more races. 4.7% of residents are foreign-born.