Our REALTORS® would love to show you around Troy! The seat of Rensselaer County and home of Rensselaer Polytechnic Institute, it is one of the most exciting places to live in New York. Along with nearby Schenectady and state capital Albany, it’s one of the keystones of the Capital District—but a population of just over 50,000 means it is still easy to navigate.
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Troy has 50,000 residents across 20,000 households and 10,900 families. About 70% of locals identify themselves as white, 16% as African American, 3.5% as Asian, and about 4% from two or more racial backgrounds. Others make up less than 1% of the population.
The median household income is just under $38,000, with a median family income near $48,000. With more than 23,000 housing units, there’s a robust real estate market. You can expect hundreds of homes to be for sale at any given time, even in slower periods. The median listing price varies, but often settles near $165,000. Browse the newest homes for sale in Troy, NY.
The Troy City School District enrolls more than 4,000 public school students from in and around Troy. It is considered a very strong district overall. High points include excellent teachers, good college preparation, a diverse student body, and a wide variety of athletic programs and other activities. The student-teacher ratio is 12:1, enabling lots of personalized instruction. Troy is famously known as the home of the Emma Willard School, founded 1814, which still functions as a women’s-only boarding school and college preparatory academy.
What about higher education? Rensselaer Polytechnic Institute is the oldest private engineering and technical university in America, founded 1824. RPI enrolls just over 6,300 and is the single largest employer in Troy. Hudson Valley Community College and Siena College are also nearby. Find homes in Troy by school district.
During the Industrial Revolution, Troy’s advantageous position made it America’s fourth wealthiest city. Its nickname Collar City harkens back to its history in the textile industry. These days, it retains a bustling economy that has become much more diverse.
Over the last few decades, Troy has been shifting from an industrial employment base to a technology center. Advertising, architecture, and video game development are some top industries. Hiring is strong both in Troy and around the Capital District as a whole.
Some of the top employers in Troy include Regeneron Pharmaceuticals, St. Peter’s Health Partners, and Community Care Physicians. Outside the healthcare and medical sectors, you’ll also find global technology firm Pitney Bowes, Stewart’s Ice Cream Co., and Hannaford Supermarkets.
Simply exploring Troy is plenty of fun, especially for history buffs. It is a center of Victorian and Belle Époque architecture (1870-1910) and has many well-preserved buildings. This rich and living history is one reason architecture firms have settled in Troy in great numbers.
A busy social calendar means there’s always something to do in Troy. Popular annual events include the Troy River Fest, Uncle Sam Parade, summer productions from the Bakerloo Theatre Project, December’s Victorian Stroll, and the Thanksgiving Day Troy Turkey Trot—the oldest race in the Capital District. An annual steampunk festival is also held in downtown Troy.
Troy is full of top cultural venues and attractions. You can take in a game at Joe Bruno Stadium, visit the Waterfront Farmers’ Market, or explore the past at the Burden Iron Works Museum. There’s even a Children’s Museum of Science and Technology.
Troy has an ancient name, but a bright future ahead. You can be part of it when you explore real estate opportunities in Troy. Contact us at Coldwell Banker Prime Properties to begin.
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