Home Insurance in Troy, New York
The median home value in Troy is $206,500, 20% lower than the Rensselaer County median.
The median home in Troy was built in 1939 or earlier. About 68% of homes were built before 1960, about 20 points above Rensselaer County's 48%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Troy, the housing stock is 29% single-family homes and 25% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Troy, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 14%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 37% of occupied homes in Troy are owner-occupied.
In Troy, 72% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Troy? FEMA's National Risk Index points to hail (Relatively Moderate) in Rensselaer County and Rensselaer County had 633 active NFIP flood policies as of September 2026. See the full Rensselaer County home insurance overview for all FEMA hazard ratings and flood coverage details.
In New York, the statewide average premium for a standard HO-3 homeowners policy is $1,801 per year (NAIC, 2023 data).
Key figures
| Median home value | $206,500 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 37% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Rensselaer County | 633 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)