Foreclosure Homes in Troy, NY: What You Need to Know
Located on the eastern side of upstate New York along the Hudson River’s banks, Troy is a midsize city with close connections to nearby cities Schenectady and Albany. Troy is a well-educated city that is home to several institutions for post-secondary learning including the country’s oldest private technical university, Rensselaer Polytechnic Institute.
What Are the Best Neighborhoods in Troy, NY?
Some of Troy’s most affordable neighborhoods also have the best views of the Hudson River including North Central, Downtown, and southern Lansingburgh. These neighborhoods offer residents of all ages easy access to the city center, which includes plentiful options for eateries and entertainment as well as job opportunities. Most families in search of a larger property will consider homes in Troy’s eastern neighborhoods which include Frear Park, The Hill, and Sycaway.
What is the Housing Availability in Troy, NY?
Rental properties in Troy ranging from studio apartments to 4-bedroom townhomes and condos typically start at $700 and extend to $1,375 per month. The vast majority of housing units in Troy were built in 1939 or earlier at around 57.3%, making most homes in the city much older than the average American home. However, Troy residents enjoy much more affordable home prices at a median cost of $150,400.
Education in Troy, NY
Rensselaer Polytechnic Institute, the nation’s oldest polytechnic and engineering university, was originally founded in 1824 and contributes significantly to the city’s sense of identity and culture. Also located in Troy is the Emma Willard School, the first high school for girls in the U.S. Public school in Troy is shared between the districts of Troy and Lansingburgh, and local families also have access to several Christian schools for varying ages.
Job Opportunities in Troy, NY
In its early stages, Troy’s economy was primarily supported by the textile industry as well as iron production. However, the city’s economy has evolved throughout the 20th century and beyond to include a wide variety of other industries including healthcare, retail, and technology. Rensselaer Polytechnic Institute is a major contributor to the local economy, as is the city’s video game development sector.
Troy, NY Shopping
Troy is home to Uncle Sam Atrium, a large, enclosed shopping center that also includes office space. Uncle Sam Atrium offers a wide variety of national retailers along with locally operated boutiques and other shops. Troy’s downtown area is also a major shopping destination for visitors and locals alike with a long list of unique establishments.