Rent to own Homes in Troy, OH
Welcome to Troy, the city that persevered through the Great Flood of 1913. Home to one of the nation's oldest taverns and 16 rare welded steel houses (now historic sites), Troy packs an impressive history for being a city of just under 25,500 residents. Located in Miami County and within striking distance of Dayton, Troy serves as the county seat and is a center for cultural activities and entertainment. While not paradise in the typical sense, when it comes down to it Troy certainly has the right ingredients to make a great home.
Troy, OH is a great place for affordable rent-to-own homes! With a median household income of over $61,216 and a median rent of $782, the Troy, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Troy, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Troy, OH Property Resources
Rent to own Homes in Cities Near Troy, OH
- Arcanum
- Beavercreek
- Bellbrook
- Brookville
- Carlisle
- Casstown
- Christiansburg
- Conover
- Corwin
- Dayton
- Donnelsville
- Englewood
- Enon
- Fairborn
- Farmersville
- Five Points
- Fletcher
- Franklin
- Germantown
- Gratis
- Green Meadows
- Holiday Valley
- Huber Heights
- Ithaca
- Lebanon
- Lewisburg
- Medway
- Miamisburg
- Middletown
- Monroe
- Moraine
- New Carlisle
- New Lebanon
- North Hampton
- Oregonia
- Park Layne
- Phillipsburg
- Piqua
- Pitsburg
- Pleasant Hill
- Potsdam
- Riverside
- Springboro
- Spring Valley
- Troy
- Union
- Vandalia
- Verona
- Waynesville
- Yellow Springs
Neighborhoods in Troy, OH
Troy rent to own homesBuying a Home in Troy, OH
Troy, OH is seeing rapid growth and Troy, OH's' housing market remains optimal with an average home price that is -34% below the 2024 national average. Troy, OH is part of Miami county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Miami is 1.1% which is above the national average, which is 0.99%.
Median Home Price in Troy, OH
Median Rent in Troy, OH
Top 4 Reasons to Live in Troy, OH
Attend fun annual events! Folks in Troy always have a reason to have a blast. Even on days when nothing's happening, city green areas such as Archer Park and Treasure Island Park offer space to relax and exercise. Throughout the year, though, it's the events that give the city extra life. The Troy Strawberry Festival occurs downtown each June, and features everything from arts and crafts stalls to a myriad of strawberry culinary creations. During the summer, the Troy Ohio Farmers Market is held downtown on Main Street each Saturday and is a great chance to socialize and eat local food. The Miami County Fair is held in August and features all sorts of entertainment as well.
Enjoy a market that's friendly to renters! Many small towns in Ohio have high owner-occupancy rates, but Troy's renter-occupancy rate of 38.9 percent is higher than the Buckeye State's average. When it comes to rental homes, those moving here have an abundance of choices. For something near the action, look around Troy-Miami County Public Library and historic downtown, which is full of shops and eateries. For something with more breathing room, try the area near Brukner Nature Center.
Have delicious food and bold drinks! Overfield Tavern is now a museum, but there are still many establishments worth a visit or two. For a good slice, try Hoagie's Pizza House. For locally sourced cuisine and craft beers, head to Mojos Bar and Grille. For live music and festive crowds, go to The Brewery. And for classic dishes in a nice setting, book a table at The Caroline. When night arrives in Troy, know that the party is just launching.
Take advantage of a rising housing market! Troy's charm, lifestyle, attractions, and mix of old and new homes have helped the city's real estate market thrive. Over the last 12 months, property value has jumped 4.6 percent. In the coming years, continual increase in value is expected. So now is the time in Troy to buy or rent to own. Neighborhoods such as Staunton, which is near Miami Shores Golf Course and Troy Memorial Stadium, have thriving real estate markets.