Troy, Montana.
Typical home $413,609 (-0.5% in a year).
to buy the typical home at today's mortgage rate — +$1,444 (+199%) since Jan 2020.
- 1 year
- Down $2,182 -1%
- $415,790$413,609 since Sep 2025
- 5 years
- Up $99,211 +32%
- $314,398$413,609 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Troy$2,171
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Troy, MT fell 0.5% over the past year — slower than the nation's +1.2%.
Living in Troy, Lincoln County, Montana
Troy is a city of 797 people in Lincoln County. Unemployment in Lincoln County was 5.1% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most people in Lincoln County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Troy is a very small city in the northwest corner of Montana, in Lincoln County. Few adults here hold a four-year degree, and incomes in the county run below what is typical across the country, while homes in town are valued well above what those incomes might suggest. Winters are cold and the summers are warm, with a modest yearly amount of rain and melted snow.
Work. Most residents work in schools, hospitals and social care, in shops, in restaurants, hotels and entertainment, or in the building trades. The largest workplaces in Troy are the Forest Service, Troy Elementary Schools and Troy High School Schools. Across Lincoln County, unemployment is a little lower than a year ago, though there are slightly fewer jobs than there were the year before.
Things to do. Alvord Lake is in or beside town, and the Yaak River and Kootenai Falls, a waterfall, are each a short drive away. For a longer outing, Kootenai National Forest is a protected area a longer drive away, and Turner Mountain Ski Resort is also a longer drive from town.
Report a mistake
- 6%of adults have a degree
- 4%work from home
What people in Lincoln County work in
Employed residents by industry, from the Census survey. Lincoln County had 6,194 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 32° and lows near 24°; warmest in July, with highs near 87° and lows near 49°. About 24 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Troy weather station, 2 miles away (NOAA).
Largest workplaces in Troy
- Forest ServiceFederal government · Department of Agriculture56
- Troy Elem SchoolsSchool district54FTE
- Troy H S SchoolsSchool district28FTE
Federal offices come from OPM's federal workforce data (2026) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- Inland floodingVery high
- WildfireRelatively high
- Cold wavesRelatively high
- LandslidesRelatively moderate
- AvalanchesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Troy’s census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lincoln County.
Troy home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Troy$413,609
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 7 Troy listings — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Troy14.52%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Troy57
New listings per month
Sellers arriving at the market.
- Troy6
Zip codes with a Troy address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Troy — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.