Troy

Population: 2,905
Median household income: $60,167
Median home value: $134,500

Troy is a community in Montgomery County, North Carolina, home to 2,905 residents. Its median household income of $60,167 runs above the Montgomery County figure of $55,849.

From 2019 to 2023, Troy's population declined 11.8% from 3,294 to 2,905, while its median home value rose 29.6% from $103,800 to $134,500.

Owners occupy 46.5% of the area's occupied homes. The median resident is 40.8 years old.

Demographics

ACS 2019–2023

Population: 2,905
Median age: 40.8 yrs
Median household income: $60,167
Median home value: $134,500
Median gross rent: $554
Housing units: 1,312
Homeownership rate: 46.5%
Bachelor's degree or higher: 23.5%
Unemployment rate: 1.6%

Trends

ACS 5-year · 2019–2023

Population

3,2942,905

Median household income

$26,747$60,167

Median home value

$103,800$134,500

Median gross rent

$475$554

Year	Population	Median household income	Median home value	Median gross rent
2019	3,294	$26,747	$103,800	$475
2020	3,293	$32,102	$125,000	$500
2021	2,973	$39,554	$117,000	$509
2022	2,921	$44,261	$135,100	$542
2023	2,905	$60,167	$134,500	$554

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.3%

5 to 1711.2%

18 to 246.4%

25 to 3419.9%

35 to 4415.7%

45 to 5413.6%

55 to 6410.7%

65 to 749.3%

75 and over8.0%

	Count	Share
Under 5	154	5.3%
5 to 17	324	11.2%
18 to 24	185	6.4%
25 to 34	577	19.9%
35 to 44	456	15.7%
45 to 54	396	13.6%
55 to 64	310	10.7%
65 to 74	270	9.3%
75 and over	233	8.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,501	51.7%
Black or African American	978	33.7%
American Indian & Alaska Native	5	0.2%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	5	0.2%
Two or more races	66	2.3%
Hispanic or Latino (any race)	350	12.0%

Educational attainment (age 25+)

No high school diploma19.0%

High school graduate31.3%

Some college or associate's26.2%

Bachelor's degree13.9%

Graduate or professional degree9.6%

	Count	Share
No high school diploma	427	19.0%
High school graduate	702	31.3%
Some college or associate's	587	26.2%
Bachelor's degree	311	13.9%
Graduate or professional degree	215	9.6%

Commute to work

Mean travel time to work: 25 min

Drove alone77.4%

Carpooled7.4%

Public transit0.2%

Walked0.0%

Bicycle0.0%

Worked from home13.1%

Other means1.9%

How workers get to work

	Count	Share
Drove alone	959	77.4%
Carpooled	92	7.4%
Public transit	3	0.2%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	162	13.1%
Other means	23	1.9%

Travel time

	Count	Share
Under 15 min	320	29.7%
15 to 29 min	207	19.2%
30 to 44 min	437	40.6%
45 to 59 min	32	3.0%
60+ min	81	7.5%

Households

Average household size: 2.23
Poverty rate: 18.1% (424 of 2,337)

	Count	Share
Family households	744	71.0%
Nonfamily households	304	29.0%

Housing

Median year structure built: 1971

Occupancy

	Count	Share
Occupied	1,048	79.9%
Vacant	264	20.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	487	46.5%
Renter-occupied	561	53.5%

1-unit, detached61.0%

1-unit, attached0.6%

2 to 4 units28.1%

5 to 19 units5.1%

20 or more units0.0%

Mobile home & other5.2%

Units in structure

	Count	Share
1-unit, detached	800	61.0%
1-unit, attached	8	0.6%
2 to 4 units	369	28.1%
5 to 19 units	67	5.1%
20 or more units	0	0.0%
Mobile home & other	68	5.2%

Geography

Place GEOID: 3768520
Type (LSAD): 43
Land area: 3.66 sq mi
Water area: 0.04 sq mi
Center point: 35.3646, -79.8919