Troy, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Troy short-term rental market based on reliable data.

Listings

279 / 652

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$22,771

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$295,947

Median Home Sale Price

Top Earners

$51,222

Top-Earners Revenue

Troy

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Troy.

Loading top listings...

B

Generally Investor friendly

Troy Regulations

Troy permits short‑term rentals without city‑specific caps or zone limits, but investors must navigate a two‑layer compliance regime: a $150 city landlord registration (plus possible managing‑agent requirement) and the state STR registry with renewals and tax filings. The fees and permitting are moderate, the process is well‑documented, and penalties exist but are standard, making the overall environment friendly but not overly restrictive.

View Troy Regulations →

Local STR Agent

STR specialist · Troy, NY

Trusted Expert
Get Expert Help In Troy
Free consultation Response within 24h

About Troy

Troy sits on the eastern bank of the Hudson River in Rensselaer County, New York, just across the water from the state capital of Albany. The city has a population of roughly 50,000 residents and carries a distinctive 19th-century industrial character, with restored brownstones and brick rowhouses lining its compact downtown streets. It is best known as the adopted home of "Uncle Sam" — the meatpacker Samuel Wilson worked in Troy in the early 1800s — and as the home of Rensselaer Polytechnic Institute, one of the country's oldest technological universities. Troy also serves as a useful gateway to the broader Capital Region, the upper Hudson Valley, and the southern Adirondacks, sitting roughly 150 miles north of New York City and only a few miles east of Albany.

The Troy Savings Bank Music Hall is one of the city's crown jewels, a 19th-century concert venue that has hosted everything from classical performances to rock legends and is recognized for its remarkable acoustics and ornate interior. Located on Second Street in the heart of downtown, it continues to operate as a performing arts center and is widely regarded as one of the finest small concert halls in the country.

Just up the hill from downtown sits Rensselaer Polytechnic Institute, founded in 1824 and consistently ranked among the nation's top engineering and technology schools. Its campus draws a steady stream of visitors for lectures, sporting events, conferences, and tours, and contributes a significant year-round population of students, faculty, and visiting families.

A short drive north of Troy, roughly 30 to 40 minutes via Interstate 87, brings visitors to Saratoga Springs and the Saratoga Race Course, a world-famous thoroughbred horse racing venue that draws hundreds of thousands of spectators each summer. Beyond the track, the town offers mineral spas, performing arts venues, and a lively downtown, making it a popular day-trip or overnight excursion from Troy.

Closer to home, the Troy Waterfront Farmers Market fills the riverfront every Saturday with regional produce, prepared foods, and crafts, anchoring a stretch of the Hudson that has been gradually redeveloped with parks, walking paths, and event space. The surrounding riverfront offers easy access to cycling and pedestrian trails, and the city's historic districts — filled with Victorian homes, churches, and former factory buildings — reward visitors who prefer to explore on foot.

Troy's combination of architectural character, a compact walkable core, riverfront amenities, and proximity to Albany, Saratoga Springs, and the Adirondacks makes it an appealing base for short-term rental operators. Year-round demand comes from RPI families and visitors, state government business in Albany, and seasonal travelers heading north to Saratoga's racing and summer events, while the city's preserved 19th-century streetscapes provide the kind of place-based atmosphere that draws guests looking for something more distinctive than a standard chain-hotel stay.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc