House Prices

House Prices & Home Values Troy, IL 2026


Average Data

average house price$296,227
average size per house1836 ft²
average price per ft²162 $ / ft²

04/21/2026 - The value range (VR) for house prices in Troy, IL is $165/ sqft to $165/ sqft. An average home with 1836 sqft costs approximately $302,940 to $302,940. Troy, IL includes 1 ZIP codes and it is located in Madison county. The lowest prices are found in ZIP 62294, while the highest are in ZIP 62294. The average price per sqare feet is $162. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Troy

62294162 $ / ft²




Historical development of home values in Troy

Year Estimated value (USD) Change vs. 2025
2010 $137,573 -53.6%
2011 $132,253 -55.4%
2012 $131,897 -55.5%
2013 $136,827 -53.8%
2014 $143,631 -51.5%
2015 $151,002 -49.0%
2016 $158,883 -46.4%
2017 $167,458 -43.5%
2018 $176,716 -40.3%
2019 $184,910 -37.6%
2020 $194,469 -34.4%
2021 $221,188 -25.3%
2022 $257,855 -13.0%
2023 $271,920 -8.2%
2024 $287,651 -2.9%
2025 $296,227 0.0%

Graph: estimated home values in Troy over time (USD)



Example: 100% financing house in Troy

Loan amount: $296,227

Interest rate: 6.00%

Fixed monthly payment: $1,776.03

Breakdown in the 1st month:
Interest portion: $1,481.14  –  Principal portion: $294.90

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $17,674.66 $3,637.70 $292,589.30
2 $17,450.30 $3,862.07 $288,727.23
3 $17,212.09 $4,100.27 $284,626.96
4 $16,959.20 $4,353.17 $280,273.79
5 $16,690.71 $4,621.66 $275,652.13
6 $16,405.65 $4,906.72 $270,745.41
7 $16,103.02 $5,209.35 $265,536.06
8 $15,781.71 $5,530.65 $260,005.41
9 $15,440.60 $5,871.77 $254,133.64
10 $15,078.44 $6,233.93 $247,899.71
11 $14,693.94 $6,618.42 $241,281.29
12 $14,285.73 $7,026.63 $234,254.66
13 $13,852.35 $7,460.02 $226,794.63
14 $13,392.23 $7,920.14 $218,874.50
15 $12,903.73 $8,408.64 $210,465.86
16 $12,385.10 $8,927.26 $201,538.60
17 $11,834.49 $9,477.88 $192,060.72
18 $11,249.92 $10,062.45 $181,998.27
19 $10,629.29 $10,683.08 $171,315.19
20 $9,970.38 $11,341.99 $159,973.20
21 $9,270.83 $12,041.54 $147,931.67
22 $8,528.13 $12,784.23 $135,147.43
23 $7,739.63 $13,572.74 $121,574.69
24 $6,902.49 $14,409.87 $107,164.82
25 $6,013.72 $15,298.64 $91,866.18
26 $5,070.14 $16,242.23 $75,623.94
27 $4,068.35 $17,244.02 $58,379.93
28 $3,004.78 $18,307.59 $40,072.34
29 $1,875.61 $19,436.76 $20,635.58
30 $676.79 $20,635.58 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Troy, IL


1500 sqft3900 sqft
Ø selling price$294,030$625,482
Ø fast selling$267,300$562,934
Ø high price sale$320,760$688,031

In 2026, houses in Troy, IL will be offered at an average price of $162 per square foot. A 1,500 sqft home priced at $294,030 is 22.49% more expensive per square foot than a 3,900 sqft home priced at $625,482. Home prices in Troy, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $433,027. Sellers who can wait longer may achieve a higher price of up to $529,255.


Discover Troy, IL

Overview

Troy, Illinois is a welcoming city in Madison County nestled in the eastern St. Louis metro area.

Visitors and residents appreciate Troy, IL for its blend of small-town charm, safe neighborhoods, and quick regional connectivity.

Location and Access

Convenient access to Interstate 55/70 and historic U.S. Route 40 makes commuting to St. Louis, Edwardsville, and Scott Air Force Base easy.
The city supports local businesses along Main Street and the highway corridors, offering restaurants, shops, and essential services.

Reliable public services and community events strengthen the area?s appeal for families and professionals.

Schools, Parks, and Housing

Outdoor lovers enjoy Tri-Township Park, walking trails, sports fields, and seasonal festivals that create a lively community calendar.
Troy?s schools, served by the highly regarded Triad Community Unit School District, emphasize academics, athletics, and extracurricular opportunities.

Housing options range from established neighborhoods to new construction, making real estate in Troy, IL attractive for first-time buyers and move-up purchasers.

History and Quality of Life

With a history connected to stagecoach routes and rail, the city preserves Midwestern heritage while embracing growth and innovation.

Whether you?re planning a visit or considering a move, Troy, IL offers convenience, value, and a friendly hometown atmosphere.



FAQ – Home Values in Troy

What is the median home value in Troy in 2026?

In 2026, the typical home value in Troy is about $296,227 for an average home size of 1836 square feet. This corresponds to an average price of roughly $162 per square foot.

What is the average cost per square foot in Troy?

In 2026, homes in Troy sell for an average of around $162 per square foot, with a typical range between $165 and $165 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Troy is about 1836 square feet, with an estimated 2026 value around $296,227.



Locations close to Troy, IL

Valmeyer, IL85 $ / ft²
Walsh, IL92 $ / ft²
Waterloo, IL166 $ / ft²
Trenton, IL101 $ / ft²
Tilden, IL43 $ / ft²
Summerfield, IL57 $ / ft²
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