Commercial Real Estate Market in Troy, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
89 active listings and 1,123 off-market properties in Troy, AL.
Market Trends
Troy, AL spans 397.4 square miles in Pike County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Troy, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Troy, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Troy, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Troy, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 83%
- Industrial 9.9%
- Commercial 6.6%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Reserved Residential
Low Density Residential
Light Industrial
High Density Residential
Medium Density Residential
Troy, AL zones 16,938 acres across 16 districts. Commercial zoning covers 6.6% of zoned land, residential 83% and industrial 9.9%. The largest single district is Reserved Residential at 56.4%. For commercial buyers the practical constraint is that only 16.5% of land carries a commercial or industrial designation.
Light Industrial (M1)
Highway Commercial; M-1, Light Industrial; M-2, Heavy Industrial and C-O, Commercial Office. Section 5.2 Schedule of District Regulations Within the following zoning districts as shown on the Official Zoning Map of the City of Troy, Alabama, the following regulations shall apply: 5.21 RR: Reserved Residential: 5.211 Statement of Intent: The intent of the Res…
Market overview
Demographics & Economy
Troy, AL has 25,875 residents in 12,012 households. Density runs 65 people per square mile. Median household income here is $47,957 and median gross rent $885 a month.
25,875
Population
12,012
Households
2.2
Avg Household Size
32
Median Age
31%
College-Educated
89%
High-School Grad
397.4 sq mi
ZIP Area
65
Density / Sq Mi
$47,957
Median Household Income
$28,882
Median Earnings
$885
Median Rent
$176,512
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Goshen | — | — |
| Brundidge | — | — |
| Banks | — | — |
| Shady Grove | — | — |
Commercial property in Troy, AL asks $201/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Troy?
Commercial property in Troy, AL asks an average of $201 per square foot. The 5 most recent recorded sales traded at a median of $212/SF.
What zoning applies to commercial property in Troy?
Troy, AL zones 16,938 acres across 16 districts, of which 6.6% is commercial and 9.9% industrial. The largest single district is Reserved Residential at 56.4% of zoned land. Residential zoning covers 83% and open space 0%.
Where does Realmo's Troy market data come from?
Realmo compiles Troy, AL figures from 6 recent recorded sales, 85 active sale listings, 4 active lease listings, 1,123 tracked off-market properties, the current Troy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 85 active for-sale and 4 active for-lease listings in Troy, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 16,938 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
