Troy, OH

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Troy short-term rental market based on reliable data.

Listings

56 / 98

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$29,983

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$285,654

Median Home Sale Price

Top Earners

$41,877

Top-Earners Revenue

Troy

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Troy.

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B

Generally Investor friendly

Troy Regulations

STRs are allowed and currently only require tax registration (3% city transient occupancy tax) and zoning verification, with no caps or permits yet; Ohio’s 6.5% tax and sales tax apply state‑wide. The city is in a transitional research phase with the possibility of future requirements, but today’s compliance burden is moderate and the regulatory tone appears supportive.

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About Troy

Troy is a small city in western Ohio and serves as the county seat of Miami County. With a population of roughly 25,000, it has the feel of a classic Midwestern county seat: a compact historic downtown, tree-lined residential streets, and a skyline shaped more by church steeples and old brick commercial buildings than by any high-rises. The city sits in a region of gently rolling farmland threaded by the Great Miami River, and it functions as a quiet home base for visitors exploring the wider Dayton region, about 20 miles to the south. Long associated with manufacturing and agriculture, Troy is perhaps best known regionally for the annual Troy Strawberry Festival, a late-spring event that draws sizable crowds to the downtown and surrounding streets.

Just steps from the city's central square, the Troy-Hayner Cultural Center occupies a striking early-twentieth-century mansion donated to the community by Mary Jane Hayner, and it operates today as a multi-disciplinary arts and cultural venue with rotating art exhibits, concerts, classes, and a small museum of local history. For travelers, it offers an easy, walkable cultural stop in the heart of the city, free to enter and surrounded by the cafes and storefronts of downtown Troy. The adjacent Great Miami River corridor adds a layer of outdoor appeal, with parks, walking paths, and paddling stretches accessible within minutes of the square, and the broader Miami Riverway links Troy to neighboring towns such as Piqua and Tipp City.

Roughly 20 to 25 minutes south of Troy, the Dayton area anchors a cluster of nationally significant historical attractions. The Dayton Aviation Heritage National Historical Park preserves sites tied to the Wright brothers and Paul Laurence Dunbar, including Huffman Prairie and the Wright-Dunbar Interpretive Center, and it pairs naturally with a stop at the National Museum of the United States Air Force near Wright-Patterson Air Force Base, one of the largest aviation museums in the country and a free, day-long draw for families. Together, these stops turn a short drive from Troy into a meaningful sightseeing loop without requiring an overnight in a larger city.

For short-term-rental investors and travelers, Troy's appeal lies in this balance. The city itself is calm, walkable, and full of small-town character, with a strong sense of local identity during strawberry season and steady year-round demand from business travelers tied to the area's manufacturing and logistics employers. At the same time, its proximity to Dayton's museums, Wright-Patterson connections, and the chain of small historic river towns along the Great Miami gives guests a wide range of day-trip options, all within roughly half an hour. That combination of small-city comfort, regional accessibility, and reliable event-driven visitation is what makes Troy a quietly compelling base in the Miami Valley.

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