Township Of Troy NC Demographic Data and Boundary Map
Advertisement
Township Of Troy, NC
The Township Of Troy is a County Subdivision of Montgomery County.
The subdivision has a Z1 Census Class Code which indicates that the Township Of Troy is a nonfunctioning county subdivision.
Township Of Troy Data & Demographics (As of July 1, 2024)
POPULATION
Total Population
5,484 (100%)
Population in Households
5,023 (91.6%)
Population in Families
4,132 (75.3%)
Population in Group Quarters1
461 ( 8.4%)
Population Density
98
Diversity Index2
63
INCOME
Median Household Income
$57,722
Average Household Income
$73,623
% of Income for Mortgage4
23%
Per Capita Income
$27,516
Wealth Index5
56
HOUSING
Total HU (Housing Units)
2,349 (100%)
Owner Occupied HU
1,339 (57.0%)
Renter Occupied HU
710 (30.2%)
Vacant Housing Units
300 (12.8%)
Median Home Value
$213,800
Average Home Value
$257,599
Housing Affordability Index3
109
HOUSEHOLDS
Total Households
2,049
Average Household Size
2.45000000000
Family Households
1,316
Average Family Size
3
NOTES
Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
