Performance indicators for the Troy short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Troy.
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Challenging to Investors
STRs are technically legal but constrained to limited zoning districts (RR, R-3, A-1 only) and require difficult-to-obtain Special Exception approval from the Board of Adjustment, creating significant uncertainty and cost barriers for investors.
Local STR Agent
STR specialist · Troy, AL
Troy is a city in and the county seat of Pike County, Alabama, United States. It was formally incorporated on February 4, 1843.Between 1763 and 1783, the area where Troy sits was part of the colony of British West Florida. After 1783, the region fell under the jurisdiction of the newly created United States of America. As of the 2020 census, its population was 17,727, down from 18,033 in 2010. The 2022 estimated population was 17,774. The City of Troy had previously been considered one of the fastest-growing cities in Alabama. Troy is home to Troy University, the fourth-largest university in total enrollment in Alabama.