Affordable & Income-Based Housing in Troy

Affordability in Troy, NY

Troy has a median household income of $58,477 and a median asking rent of $1,175 per month, according to Census ACS 5-Year data (2024). With 63% of residents renting rather than owning, Troy is a predominantly renter households city where access to income-restricted housing can make a meaningful difference in monthly budgets.

Safety

According to FBI Crime Data Explorer, the Troy Police Department reported a violent crime rate of 470 per 100,000 residents in 2024. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Troy

According to Walk Score, the area around Troy's assisted properties rates 43 (Car-Dependent) for walkability, 39 (Some Transit) for transit, and 42 for bikeability. These scores reflect conditions near the assisted properties specifically, not the city as a whole.

Schools

According to NCES Common Core of Data, 18 schools across 7 districts serve Troy, including 11 elementary, 2 middle, 4 high schools, and 1 other. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Living in Troy, NY

The median household income in Troy is $58,477 per year, according to the Census ACS 5-Year estimate. The median market-rate rent is $1,175 per month, also per Census ACS 5-Year data, which helps show how far income-based housing assistance can go for eligible renters here.

• Median household income: $58,477/year (Census ACS 5-Year)
• Median market rent: $1,175/month (Census ACS 5-Year)
• Renter households: 63% of occupied units (Census ACS 5-Year)

With nearly two-thirds of Troy households renting, affordable and income-based options are an important part of the local housing market. The 9 HUD-assisted properties in Troy represent 555 income-restricted units available to eligible renters.

Environmental Exposure

Based on flood mapping data, none of the 9 HUD-assisted properties in Troy are located in a high-risk flood zone, and none have been mapped to any flood designation. Flood risk does not appear to be a notable concern for this set of properties.