Troy, North Carolina.
Typical home $192,900 (+2.3% in a year).
to buy the typical home at today's mortgage rate — +$597 (+143%) since Jan 2020.
- 1 year
- Up $4,332 +2%
- $188,568$192,900 since Sep 2025
- 5 years
- Up $46,813 +32%
- $146,088$192,900 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$1,012
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Troy, NC rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Troy, Montgomery County, North Carolina
Troy is a town of 2,850 people in Montgomery County. 48% of its homes are lived in by their owners and 52% are rented. Unemployment in Montgomery County was 3.9% in August 2026, and the county had 1.8% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 small town and the seat of Montgomery County, in the Uwharrie region of central North Carolina. More homes are rented than is usual for a small town, and incomes in the county run below the typical American level. Few adults hold a four-year degree, and the typical commute is a moderate one. Winters are mild and cool, with only a dusting of snow, and summers turn hot, with steady rain and melted snow spread through the year.
Work. Many residents work in schools, hospitals and social care, with manufacturing, restaurants and hotels, and banks, insurance and property also giving people work. Among the largest workplaces in Troy are Montgomery County Schools, Firsthealth Montgomery Memorial CAH and Coville. Unemployment across Montgomery County has eased compared with a year earlier, though the county has fewer jobs than it did the year before.
Things to do. Uwharrie National Forest, a protected area, is a short drive away, as is the Uwharrie River, a good spot for time by the water. A longer drive brings you to the North Carolina Zoo, and to Morrow Mountain, another protected area with room to walk and look around.
Report a mistake
- 1,152households
- 21%of adults have a degree
- 20%below the poverty line
- 25 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Montgomery County had 8,771 jobs in 2025, 1.8% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 52° and lows near 33°; warmest in July, with highs near 90° and lows near 70°. About 3 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Jackson Springs Wnw weather station, 17 miles away (NOAA).
Largest workplaces in Troy
- Montgomery County SchoolsSchool district495FTE
- Firsthealth Montgomery Memorial CAHCritical access hospital119FTE
- CovilleApparel trimmings merchant wholesalers47
- Forest ServiceFederal government · Department of Agriculture22
- JP Industrial TroyAwnings, rigid plastics or fiberglass, manufacturing20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 236 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and federal offices from OPM's federal workforce data (2026); 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
- Ice stormsRelatively high
- TornadoesRelatively high
- HurricanesRelatively moderate
- Strong windRelatively moderate
- LightningRelatively moderate
- Inland floodingRelatively 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, relatively moderate. 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 Montgomery 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$192,900
- North Carolina$332,159
- United States$366,157
Sellers are cutting prices on about 1 in 4 Troy listings — the market is roughly in balance.
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.
- Troy26.26%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Troy28
New listings per month
Sellers arriving at the market.
- Troy5
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.