Troy, AL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Troy short-term rental market based on reliable data.
Listings
42 / 74
Reliable / Active
Cap Rate
11%
Middle-Earners Gross Yield
Revenue
$19,010
Middle-Earners Revenue
Occupancy
49%
Middle-Earners Occupancy
Home Value
$178,793
Median Home Sale Price
Top Earners
$30,334
Top-Earners Revenue
Troy
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Troy.
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Challenging to Investors
Troy Regulations
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
About Troy
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.