Troy, TN housing market
The typical Troy home is worth about $181,000, up 6.8% in a year, 46% below the Tennessee typical home.
Home values, sales, trends and how Troy compares with the towns next door — updated as new data is published.
Troy at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Troy | Tennessee |
|---|---|---|
| 2017 | $106,000 | $174,000 |
| 2018 | $106,000 | $187,000 |
| 2019 | $108,000 | $198,000 |
| 2020 | $114,000 | $215,000 |
| 2021 | $121,000 | $238,000 |
| 2022 | $146,000 | $287,000 |
| 2023 | $152,000 | $313,000 |
| 2024 | $155,000 | $326,000 |
| 2025 | $165,000 | $334,000 |
| 2026 | $174,000 | $333,000 |
| August 2026 | $181,000 | $334,000 |
3.5 years of income
The typical Troy home costs about 3.5 years of the town's median household income, less than across Tennessee (4.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Troy is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Troy pay a median of $692, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $720 · 4 bedrooms $1,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38260; Obion County, TN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.