HomeIllinoisMadison CountyTroy
Troy, Illinois: commercial real estate data.
Troy is a Census city of 11,647 people across 6.24 square miles of land, in Madison County. Median household income is $112,434, 73.6 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $3.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Troy
What Troy is
- Census place typecity
- Land area6.24 sq mi
- Water area0.05 sq mi
- Population per square mile of land1,868
- County holding the largest share of its areaMadison County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
How many people live in Troy
- Population11,647
- Median age35.2
- Population under 183,475
- Share under 1829.8 percent
- Population 65 and over1,626
- Share 65 and over14.0 percent
- Households4,389
- Family households3,271
- Share of households that are families74.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
Income and work in Troy
- Median household income$112,434
- Per capita income$47,472
- Civilian labor force6,099
- Employed5,911
- Unemployed188 plus or minus 108
- Unemployment rate3.1 percent plus or minus 1.8
- Adults 25 and over7,696
- Adults 25 and over with a high school diploma or higher97.5 percent
- Adults 25 and over with a bachelor degree or higher45.2 percent
- Adults 25 and over with a graduate degree17.6 percent plus or minus 3.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
Housing in Troy
- Housing units4,806
- Occupied units4,389
- Vacant units417 plus or minus 206
- Vacancy rate8.7 percent plus or minus 4.3
- Owner occupied3,231
- Renter occupied1,158 plus or minus 249
- Ownership rate73.6 percent
- Median owner-occupied home value$268,000
- Median gross rent, monthly$1,116
- Annual rent as a share of median income11.9 percent
- Single family units3,809
- Share single family79.3 percent
- Units in buildings of two or more952 plus or minus 257
- Share in buildings of two or more19.8 percent plus or minus 5.2
- Mobile homes45 plus or minus 41
- Median year structure built1993
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
How Troy gets to work
- Workers 16 and over who commute5,093
- Commuting under 15 minutes1,230 plus or minus 358
- Share commuting under 15 minutes24.2 percent plus or minus 6.6
- Commuting 30 minutes or more2,260
- Share commuting 30 minutes or more44.4 percent
- Drove alone81.1 percent
- Carpooled5.7 percent plus or minus 4.2
- Public transport0.2 percent plus or minus 0.4
- Walked0.3 percent plus or minus 0.4
- Worked from home12.3 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
SBA loans in Troy (7(a))
- Approvals5
- Gross approval$3,877,500
- Average approval$775,500
- Median approval$157,500
- Largest approval$3,250,000
- Jobs supported46
- Jobs per approval9.2
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term239 months
- Share on real estate terms of 20 years or more40.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS4
Counted by borrower city: approvals to borrowers whose address is in Troy, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Troy
SBA loans in Troy (504)
- Approvals7
- Gross approval$6,625,000
- Average approval$946,429
- Median approval$912,000
- Largest approval$2,565,000
- Jobs supported195
- Loans with a final outcome3
- Charged off1
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Troy, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Madison County, not Troy
Madison County context, not Troy figures
- Establishments in Madison County5,659
- Covered employment, Madison County105,166
- Average annual pay, Madison County$57,153
- Housing units permitted, Madison County366
Every figure in this section is published for Madison County as a whole and is not a measurement of Troy.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Troy questions, answered from the record.
How many people live in Troy, Illinois?
11,647, in 4,389 households. Troy city covers 6.24 square miles of land, which is 1,868 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Troy in?
Madison County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Troy?
$112,434. The median owner-occupied home is valued at $268,000. Median gross rent is $1,116 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Troy businesses?
5 7(a) approvals totaling $3.9 m since FY2020, across 3 lenders, median approval $157,500, plus 7 504 approvals worth $6.6 m since FY2010. These count approvals to borrowers whose address is in Troy, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Troy borrowers get paid back?
No rate is published for Troy. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Troy figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Madison County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Troy.
Is zoning published for Troy?
No. Nothing on this page presents parcel level zoning.