Commercial Real Estate Market in Troy, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 365 off-market properties in Troy, NC.
Market Trends
Troy, NC spans 143.4 square miles in Montgomery County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Troy, NC 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, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Troy, NC 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, NC 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
- Commercial 34.9%
- Residential 30.9%
- Civic 19.4%
- Mixed use 14.3%
Largest Zones share of zoned land by district
Agriculture
Civic
Industrial
Single Family Residential
Single Family Residential
Industrial (IND)
Industrial (IND) district on local streets and the building is a minimum of 300 feet from major thoroughfare(s) appearing on the approved thoroughfare plan. (5.) Residential use of ground floor space in MS district is prohibited. (B.) Architectural Standards. (1.) Principles: (a.) Building elevations fronting or visible from public streets shall be clad with…
Market overview
Demographics & Economy
Troy, NC has 7,284 residents in 3,900 households. Density runs 51 people per square mile. Median household income here is $62,392 and median gross rent $584 a month.
7,284
Population
3,900
Households
1.9
Avg Household Size
44
Median Age
23%
College-Educated
85%
High-School Grad
143.4 sq mi
ZIP Area
51
Density / Sq Mi
$62,392
Median Household Income
$34,933
Median Earnings
$584
Median Rent
$157,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Okeewemee | — | — |
| Lovejoy | — | — |
| Biscoe | — | — |
| Star | — | — |
Commercial property in Troy, NC asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Troy?
Commercial property in Troy, NC asks an average of $2 per square foot. The 4 most recent recorded sales traded at a median of $85/SF.
Where does Realmo's Troy market data come from?
Realmo compiles Troy, NC figures from 5 recent recorded sales, 38 active sale listings, 365 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 38 active for-sale and 0 active for-lease listings in Troy, NC. 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: 6,882 zoned acres across 13 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
