Quick facts: Troy, PA

Quick Facts

101.5
Cost of Living
above US average
1,246
Population
36.12
Crime Rate per 1000
above US average
$47,992
Median Income
below US average
$200,000
Median House Price
above US average
$1511
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $47,992.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $200,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $47,992
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1511/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $47,992
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Troy, PA

Troy, Pennsylvania, is a small borough located in Bradford County in the northern part of the state. With a population of around 1,000 residents, it offers a quaint, close-knit community atmosphere. Troy is known for its rich history, with several buildings on the National Register of Historic Places, showcasing its historical significance. The area is surrounded by picturesque landscapes, making it ideal for outdoor enthusiasts who enjoy hiking, fishing, and exploring nature. The borough hosts several local events that unite the community, including annual festivals and holiday parades, emphasizing the traditional small-town charm. The local school district serves the educational needs of families, complementing the town's familial vibe. Troy is conveniently situated near Route 14, providing easy access to neighboring towns and larger cities. Residents appreciate the affordability of living here, along with a relaxed pace of life. While it's a small town, Troy’s community spirit and scenic beauty offer a pleasant living experience for its residents.

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