Living in Troy, Ohio

Founded 1808 -- Industrial Innovation on the Great Miami River

Troy was founded in 1808 -- just five years after Ohio became a state -- and named after the ancient Greek city of Troy. Its position along the Great Miami River made it a natural commercial and manufacturing center as Ohio developed in the early 19th century. The river provided water power, transportation access, and the agricultural richness of the Miami Valley made the surrounding county one of the most productive in the state.

Troy's manufacturing heritage is anchored by Hobart Manufacturing Company, founded in 1897 as the Hobart Electric Manufacturing Company and still operating in Troy today. Hobart became globally known for commercial food processing equipment -- stand mixers, meat choppers, commercial dishwashers -- and is today a division of Illinois Tool Works. The Hobart name lives on throughout Troy in Hobart Arena, Hobart Urban Nature Preserve, and the Hobart Welded Steel Houses -- an experimental Depression-era housing project that produced 10 steel-frame homes still standing and occupied today.

Hobart Arena opened in 1946 as a gift from William H. and Edward A. Hobart to the city. It has hosted sporting events, concerts, graduations, and community gatherings for nearly 80 years. Among its most storied performances: Elvis Presley performed at Hobart Arena in the early days of his career -- one of the early venues that helped establish his reputation in the Midwest. The arena's year-round public ice skating rink remains one of the most-used community facilities in Troy.

The Eldean Covered Bridge, built in 1860 between Troy and Piqua, is 224 feet long and the longest surviving example of a Long truss bridge -- a bridge type patented by engineer Stephen H. Long in 1830. It is considered one of the finest surviving examples of 19th-century covered bridge engineering in the country. The WACO Aircraft Company, which produced iconic biplane aircraft from 1920 to 1942, was based in Troy, and the WACO Air Museum preserves that legacy at the original airfield site.

Troy's Strawberry Festival began in 1977 in connection with Fulton Farms -- the largest strawberry patch east of the Mississippi River, located just outside Troy. What started as a small community celebration has grown into one of the most attended annual festivals in southwest Ohio, drawing more than 200,000 visitors each year.

Why Troy Residents Love Living Here

Troy has more community amenity density than any other city in Amanda's service area at this population size. The combination of an active downtown, a National Water Trail river, a community arena, multiple cultural institutions, and one of Ohio's most attended annual festivals gives Troy a quality-of-life profile that consistently surprises people who have not yet discovered it.

Troy City Schools and Local Higher Education

The Troy City School District covers most of the city with a B+ Niche rating -- one of the strongest in Miami County and above what most buyers expect from a city of Troy's size. Troy High School earns a B+ rating and ranks as the county's second-best public high school out of 10. Miami East Local Schools serves the east side of Troy. Both districts have strong reputations within the Miami County community.

Troy is also home to two post-secondary institutions that contribute meaningfully to the local community. Edison State Community College provides accessible two-year degrees, workforce training, and transfer programs to four-year universities. The Hobart Institute of Welding Technology is an internationally recognized technical college focused entirely on welding education, drawing students from across the country and around the world to Troy -- a unique distinction that reflects Troy's deep manufacturing heritage.

For families where the absolute top school district rating is the priority, Beavercreek (top 20 percent statewide) and Troy City (B+) are meaningfully different. For families who want strong schools, a genuine community, and a 25-minute Dayton commute at $231,000 -- Troy is a compelling package that Beavercreek cannot match at $370,000.

Troy Area Housing Market in 2026

The Miami County housing market in 2026 is active and appreciating. Redfin reported a median sale price of $231,000 in January 2026, up 9 percent year-over-year -- one of the stronger appreciation rates in Amanda's service area. Homes averaged 50 days on market, down from 54 days the prior year. 79 homes sold in January 2026. The Miami County auditor reports a median home value of approximately $209,200 across all parcels, while the 45373 ZIP code shows a median value closer to $253,400 reflecting current market conditions.

Troy's housing stock spans multiple eras. Downtown neighborhoods feature 1800s through early 1900s architectural character -- American Foursquares, Victorian and Dutch Colonial styles, bungalows -- on established lots near the square and river. The postwar neighborhoods (1940s through 1970s) dominate the mid-city areas. Newer construction from 2000 to 2019 (approximately 7.6 percent of the housing stock) is concentrated in outer neighborhoods and represents the most turnkey inventory currently available.

The Hobart Welded Steel Houses deserve special mention for buyers interested in architectural history. Built during the Depression as an experimental housing project by Hobart Brothers, these 10 steel-framed homes are still standing and occupied today, offering a genuinely unique piece of American architectural history as a private residence option in Troy.

For sellers, Troy's 9 percent year-over-year appreciation and sub-60-day average time on market reflect healthy demand. The market rewards well-priced, move-in-ready properties. Amanda's appraisal management background ensures that every Troy listing she takes is priced to the actual market -- not an aspirational number that leads to price reductions and extended days on market.

FAQ About Living in Troy Ohio