HomeNorth CarolinaMontgomery CountyTroy
Troy, North Carolina: commercial real estate data.
Troy is a Census town of 2,926 people across 3.66 square miles of land, in Montgomery County. Median household income is $51,731, 48.4 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $233,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Troy
What Troy is
- Census place typetown
- Land area3.66 sq mi
- Water area0.04 sq mi
- Population per square mile of land800
- County holding the largest share of its areaMontgomery 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
- Population2,926
- Median age36.9
- Population under 18465 plus or minus 143
- Share under 1815.9 percent plus or minus 4.9
- Population 65 and over554 plus or minus 134
- Share 65 and over18.9 percent plus or minus 4.6
- Households1,152
- Family households741
- Share of households that are families64.3 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$51,731 plus or minus $20,267
- Per capita income$27,671 plus or minus $5,633
- Civilian labor force1,267
- Employed1,246
- Unemployed21 plus or minus 30
- Unemployment rate1.7 percent plus or minus 2.4
- Adults 25 and over2,207
- Adults 25 and over with a high school diploma or higher80.5 percent
- Adults 25 and over with a bachelor degree or higher20.8 percent plus or minus 5.5
- Adults 25 and over with a graduate degree7.9 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
Housing in Troy
- Housing units1,396
- Occupied units1,152
- Vacant units244 plus or minus 86
- Vacancy rate17.5 percent plus or minus 5.8
- Owner occupied558
- Renter occupied594 plus or minus 145
- Ownership rate48.4 percent
- Median owner-occupied home value$160,100
- Median gross rent, monthly$675
- Annual rent as a share of median income15.7 percent plus or minus 6.3
- Single family units944
- Share single family67.6 percent
- Units in buildings of two or more343 plus or minus 124
- Share in buildings of two or more24.6 percent plus or minus 8.4
- Mobile homes106 plus or minus 79
- Median year structure built1972
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 commute1,151
- Commuting under 15 minutes343 plus or minus 144
- Share commuting under 15 minutes29.8 percent plus or minus 11.6
- Commuting 30 minutes or more559 plus or minus 178
- Share commuting 30 minutes or more48.6 percent plus or minus 13.5
- Drove alone86.2 percent
- Carpooled6.4 percent plus or minus 8.1
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home7.4 percent plus or minus 5.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Troy
SBA loans in Troy (7(a))
- Approvals1
- Gross approval$233,000
- Average approval$233,000
- Median approval$233,000
- Largest approval$233,000
- Jobs supported5
- Jobs per approval5.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Troy, in any county, FY2020 to FY2026. Only 0 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
Flood risk in Troy
- NFIP communityTown of Troy
- NFIP community number370627
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/16/09
The Town of Troy participates in the National Flood Insurance Program as community 370627 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Montgomery County, not Troy
Montgomery County context, not Troy figures
- Establishments in Montgomery County503
- Covered employment, Montgomery County8,933
- Average annual pay, Montgomery County$48,929
- Housing units permitted, Montgomery County138
Every figure in this section is published for Montgomery County as a whole and is not a measurement of Troy.
All Montgomery County figures →
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, North Carolina?
2,926, in 1,152 households. Troy town covers 3.66 square miles of land, which is 800 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?
Montgomery 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?
$51,731. The median owner-occupied home is valued at $160,100. Median gross rent is $675 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?
1 7(a) approvals totaling $233,000 since FY2020, across 1 lenders, median approval $233,000. 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 0 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.
Is Troy in the National Flood Insurance Program?
Yes. Troy appears in the FEMA Community Status Book as Troy, town of, community 370627, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
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 Montgomery 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.
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