Troy, NC Profile: Facts & Data

Troy, North Carolina - Basic Facts

The Town of Troy had a population of 2,899 as of July 1, 2025.

The primary coordinate point for Troy is located at latitude 35.3585 and longitude -79.8945 in Montgomery County. The formal boundaries for the Town of Troy encompass a land area of 3.59 sq. miles and a water area of 0.04 sq. miles. Montgomery County is in the Eastern time zone (GMT -5).

The Town of Troy has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Troy is located within Township of Troy, a minor civil division (MCD) of Montgomery County.

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Troy, NC Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	2,899 (100%)
Population in Households	2,462 (84.9%)
Population in Families	1,980 (68.3%)
Population in Group Quarters¹	437 (15.1%)
Population Density	792
Diversity Index²	60


INCOME
Median Household Income	$57,976
Average Household Income	$75,578
% of Income for Mortgage⁴	22%
Per Capita Income	$27,459
Wealth Index⁵	58
Socioeconomic Status Index⁶	Moderate (50.1)

HOUSING
Total HU (Housing Units)	1,200 (100%)
Owner Occupied HU	653 (54.4%)
Renter Occupied HU	388 (32.3%)
Vacant Housing Units	159 (13.2%)
Median Home Value	$202,841
Average Home Value	$251,359
Housing Affordability Index³	106

HOUSEHOLDS
Total Households	1,041
Average Household Size	2.37
Family Households	630
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,200 (100%)

Owner Occupied HU

653 (54.4%)

Renter Occupied HU

388 (32.3%)

Vacant Housing Units

159 (13.2%)

Median Home Value

$202,841

Average Home Value

$251,359

Housing Affordability Index³

106

HOUSEHOLDS

Total Households

1,041

Average Household Size

2.37

Family Households

630

Average Family Size

3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2025	2025-2030
Population	0.33%	-0.12%
Households	-0.36%	-0.17%
Families		0.06%
Median Household Income		2.78%
Per Capita Income		2.45%
Owner Occupied HU		-0.15%

GROWTH RATE / YEAR

2020-2025

2025-2030

Population

0.33%

-0.12%

Households

-0.36%

-0.17%

Families

0.06%

Median Household Income

2.78%

Per Capita Income

2.45%

Owner Occupied HU

-0.15%

Troy, NC - Peer Comparisons by Rank and Percentile

The table below compares Troy to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 268	66th
Population Density	# 315	60th
Median Household Income	# 454	42nd
Housing Affordability Index	# 533	69th
Per Capita Income	# 574	26th
Diversity Index	# 294	62nd

Variable Description

Rank

Percentile

Total Population

# 268

66th

Population Density

# 315

60th

Median Household Income

# 454

42nd

Housing Affordability Index

# 533

69th

Per Capita Income

# 574

26th

Diversity Index

# 294

62nd

North Carolina Census Data Comparison Tool

Troy, NC Profile: Facts & Data

Troy, North Carolina - Basic Facts

Troy, NC Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Troy, NC - Peer Comparisons by Rank and Percentile

Troy, NC - Most Popular Things to Do

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