Troy, AL home prices
Typical home $161,032 · -2.9% in a year · income needed $42,100
The Troy, AL metro area ranks 791 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -2.9% in a year and +2.5% over five years. With 20% down at 7.11%, the typical home costs about $983 a month including 0.27% property tax (Pike County rate).
Mortgage on the typical Troy home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,206 | $128,826 | $867 | $0 | $117 | $983 | $42,100 |
| 10% down | $16,103 | $144,929 | $975 | $60 | $117 | $1,152 | $49,400 |
| 5% down | $8,052 | $152,981 | $1,029 | $64 | $117 | $1,209 | $51,800 |
| 3.5% down (FHA) | $5,636 | $158,116 | $1,064 | $71 | $117 | $1,251 | $53,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Troy area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pike County, AL | $161,037 | -2.9% | 0.27% |
What can you afford in Alabama on your salary? · Alabama home prices · Salaries in Alabama
Frequently asked questions
How much is a house in Troy?
The typical home in the Troy, AL metro area is worth $161,032 (Zillow, September 2026).
What salary do you need to buy a house in Troy?
About $42,100 a year for the typical home with 20% down at 7.11%.