Troy, located in the Capital Region of New York, is known for its rich history, beautiful 19th-century architecture, and vibrant arts scene. With a strong sense of community and proximity to Albany and the Hudson River, Troy offers diverse residential options. This article explores the best residential areas in Troy, highlighting their characteristics, housing options, and average prices.
Table of Contents
Downtown Troy
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Downtown Troy is the cultural heart of the city, featuring a blend of historic buildings, trendy shops, and restaurants. It's perfect for those who thrive in a bustling urban environment.
Characteristics of the Downtown Troy
* Culture: Rich arts and culture scene with galleries and theaters
* Transportation: Excellent walkability with bus service and bike lanes
* Services: Variety of dining options, grocery stores, and boutiques
* Environment: Vibrant and energetic atmosphere
Housing Options in the Downtown Troy
Lofts, Apartments, and Townhomes
Average Home Prices in the Downtown Troy
* Buying: $250,000 – $400,000
* Renting: $1,500 – $2,500/month
Troy Historic District
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The Troy Historic District features stunning examples of 19th-century architecture, including grand mansions and charming row houses. It’s ideal for history enthusiasts and those who appreciate aesthetic beauty.
Characteristics of the Troy Historic District
* Culture: Preserved historical sites and local heritage events
* Transportation: Walking-friendly with nearby bus stops
* Services: Local shops, cafes, and community parks
* Environment: Quaint and charming, with a sense of history
Housing Options in the Troy Historic District
Victorian homes, Historic townhouses
Average Home Prices in the Troy Historic District
* Buying: $300,000 – $500,000
* Renting: $1,200 – $2,000/month
North Central Troy
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North Central Troy is a family-friendly neighborhood known for its affordable housing and community parks. It offers a suburban-like feel while still being close to downtown amenities.
Characteristics of the North Central Troy
* Culture: Community events and family gatherings
* Transportation: Good public transport access and biking routes
* Services: Schools, health services, and local shops
* Environment: Safe and community-oriented
Housing Options in the North Central Troy
Single-family homes, Duplexes
Average Home Prices in the North Central Troy
* Buying: $180,000 – $280,000
* Renting: $900 – $1,500/month
Riverside Area
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The Riverside Area offers scenic views of the Hudson River, making it an attractive place for nature lovers and those seeking tranquility within the city.
Characteristics of the Riverside Area
* Culture: Focus on outdoor activities and riverfront events
* Transportation: Car-dependent with nearby bus options
* Services: Parks, walking trails, and limited shops
* Environment: Relaxed and nature-oriented
Housing Options in the Riverside Area
Condominiums, Single-family homes
Average Home Prices in the Riverside Area
* Buying: $220,000 – $350,000
* Renting: $1,000 – $1,800/month
South Troy
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South Troy is a diverse neighborhood known for its multicultural community and variety of housing options. It offers a mix of residential living and local businesses.
Characteristics of the South Troy
* Culture: Diversity in food and local celebrations
* Transportation: Good public transport and accessibility
* Services: Local markets, restaurants, and schools
* Environment: Dynamic and multicultural
Housing Options in the South Troy
Starter homes, Apartments
Average Home Prices in the South Troy
* Buying: $150,000 – $250,000
* Renting: $800 – $1,300/month
East Side
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The East Side of Troy is an emerging neighborhood with revitalization efforts, attracting young professionals and families. It's known for its charming community vibe.
Characteristics of the East Side
* Culture: Art and creativity with community engagement
* Transportation: Walkable and accessible to public transportation
* Services: Local eateries, shops, and community programs
* Environment: Up-and-coming and friendly
Housing Options in the East Side
Renovated single-family homes, Modern townhomes
Average Home Prices in the East Side
* Buying: $200,000 – $350,000
* Renting: $1,000 – $1,600/month
Frequently Asked Questions About the Best Residential Areas in Troy:
The best residential areas in Troy include Downtown Troy, the Troy Historic District, North Central Troy, the Riverside Area, South Troy, and the East Side.
North Central Troy is often recommended for families due to its community feel, parks, and schools.
South Troy and North Central Troy offer more affordable housing options compared to other neighborhoods.
Yes, Troy has good public transportation options, especially in Downtown and North Central Troy.
Downtown Troy features lofts, apartments, and townhomes, appealing to those who enjoy urban living.
Yes, there are several parks in Troy, particularly in North Central and Riverside areas, which are great for outdoor activities.
Average rents in Troy vary widely, ranging from $800 to $2,500 a month, depending on the area and type of housing.
Safety can vary by neighborhood; it's best to check local crime statistics and visit neighborhoods to gauge safety.
Troy offers a vibrant arts scene, local festivals, farmers' markets, and various community events throughout the year.
Downtown Troy is known for its diverse dining scene, featuring restaurants, cafes, and bars that reflect the city's culture.
Conclusion on the Best Residential Areas in Troy:
Troy is a city that combines historical charm with modern amenities, catering to a diverse population. Each residential area offers unique characteristics, making it essential for potential residents to assess what suits their lifestyle best. Whether you prefer the energetic vibe of Downtown Troy, the family-friendly nature of North Central Troy, or the scenic beauty of the Riverside Area, Troy has something for everyone. With a variety of housing options and a growing community spirit, Troy is an excellent place to call home.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.