Come visit Troy in upstate New York! This charming city is a great place to live and buy property. There are many different neighborhoods here, each with its unique charm. Whether you prefer historic residences or more contemporary flats, Troy has you covered if you want to make this lively area your home. Discover everything this superb city offers with our complete guide on buying property and living in Troy!
The Appeal of Troy
Troy, NY, is a charming city with a population of about 50,900. Troy has something for everyone— from historic buildings to a busy downtown area. Visit this hidden treasure in upstate New York and see for yourself!
Troy, NY, offers an impressive quality of life that draws individuals from near and far. The town is packed with cute extras like galleries, eateries, and specialty shops that can appeal to anyone. If it’s not just the rousing communal happenings, then the stunning parks– take your pick from Prospect Park and Riverfront Park– make Troy memorable. In addition, there are top-notch schools such as Rensselaer Polytechnic Institute. Little wonder the place is so popular: it offers a quality of life second to none.
Economic Opportunities
Troy offers a wealth of economic opportunities– whether you live here or are considering investing. The town has big financial players like RPI and Troy Rehabilitation and Improvement Program. This means there are many stable jobs in thriving sectors, such as education, healthcare, technology, and manufacturing. In addition, significant conglomerates in the Fortune 500, such as IBM, are big employers in Troy. Its low unemployment rate (5.0%) relative to US averages makes it a dependable option for people who want jobs or even invest in a place with a strong economy.
The Real Estate Market in Troy is Booming
Affordability and Value
Troy has an affordable real estate market with great value for buyers. According to Zillow, you can find historic houses in cute neighborhoods or brand-new developments with everything you need– all at lower prices than the US average. This makes Troy a great place to buy whether you want to live or rent out your investment property. Troy is famous for its unique neighborhoods, each with its special qualities. Here are a few of the favorites:
- Lansingburgh: Positioned north in Troy, Lansingburgh boasts colonial homes with extensive gardens behind front lawns and tree-shaded avenues. Family life thrives here; it’s sociable and won’t break the bank.
- South Troy: At Troy’s southern tip is South Troy. Live music, galleries, cool bars, and one-off eateries jostle for attention alongside bodegas (Spanish mini-markets) and small firms. If you like being close to downtown facilities but want your neighborhood to be chill, check it out.
- The Hill: The Hill is an area with Troy’s oldest houses from the 1800s. Its Victorian architecture and tree-filled roads make it famous– both with visitors wanting something different and residents who love their hometown!
Real Estate Market Insights
The housing market in Troy is doing very well. The average value of a home here has risen by 7.6% over the past year to $272,914. Houses are pending in just seven days on average, showing a lot of demand for property in this area. For those interested in long-term investments, Troy’s rental market is currently thriving. The city attracts many young professionals and university students who are looking for cheap places to live. Several development projects are planned or already underway– such as making the downtown area more attractive and improving public transport links. These initiatives can only make Troy an even more appealing place to live!
Living in Troy
Cultural and Recreational Activities
The city of Troy offers more than just beauty and history; it is also a vibrant cultural center with lots to do! If you love art, check out the Troy Arts Center (it’s pretty impressive) or take a trip to the Rensselaer County Historical Society Museum, where there are always cool exhibits that detail the area’s past.
If you love the outdoors, you have plenty of choices here. Prospect Park has beautiful paths for walking and biking. Lakes and rivers are nearby, where you can go boating or do other water activities like kayaking, bird watching, or fishing. And if land-based adventure is more your thing, check out Grafton Lakes State Park or Poestenkill Falls for a fantastic hike– it’s worth the trip!
Education and Healthcare
Troy has many excellent schools and colleges. It offers diverse educational options, from public high schools to private universities. Some of Troy’s best-known places for learning are Emma Willard School (one of the oldest girls’ boarding schools in the USA), Rensselaer Polytechnic Institute, and Hudson Valley Community College. In terms of healthcare, locals can be reassured that they can avail of top-notch facilities like St. Peter’s Health Partners and Samaritan Hospital.
Community and Lifestyle
Troy has a lively community whose residents are friendly and hospitable. People here take pride in feeling close to one another. They often get together for events like the Troy River Fest— an annual event or enjoy meals with each other at places where they know the staff, such as Bacchus Wood Fired Pizza and The Placid Baker.
If you want to go shopping in the city, In that case, you have a choice of well-known stores at the Hudson Valley Plaza Shopping Center— and if boutique-style independents are more your thing, check out Among The Pines or the Remarkable Liquids brewery for craft beers.
Transportation and Accessibility
Troy has fantastic transportation and accessibility options for everyone, including residents and visitors. If you like driving yourself or being driven, catching flights or trains: not a problem! You will find lots of convenient ways to travel in this lovely town.
The city is easily accessible thanks to its proximity to Albany International Airport and excellent public transport links. There are CDTA buses and Amtrak trains. Troy also has good connections via major highways, such as I-87, which can quickly take you to nearby cities. Unlike large metropolises where traffic congestions make life difficult, one of the advantages of living in a smaller place like Troy is there usually aren’t so many cars on the road: this makes getting around even more accessible than it already was!
Overall Conclusion on Living and Buying Real Estate in Troy
Troy, NY, is famous among people who want to live and find property in or around New York City. The city offers an excellent quality of life, affordable living, and a friendly atmosphere. So it’s no surprise that many young professionals are also moving here to work. Additionally, Troy is perfect for families and retirees because it’s safe and provides peace of mind. It’s also a good place to invest in property: build your ideal house here, and you could end up with a lovely home and a great lifestyle! All in all, Troy has everything you might want when looking for somewhere to live!
