Troy, New York Short-Term Rental Market
Capital Region STRs covering Troy averaged $372 a night at 62.9% occupancy, earning $6,455 in August 2026.
Quick Answer: Troy, New York is an active short-term rental market. average occupancy in the Albany/Saratoga Springs market area is 46%. average monthly revenue in the Albany/Saratoga Springs market area is $3,043. average daily rate in the Albany/Saratoga Springs market area is $228. the top operator in the Albany/Saratoga Springs market area is Evolve with 73 listings. market score is 41/100 (grade D).
Market data reflects the Albany/Saratoga Springs regional market, which includes Troy. Regulations, taxes, and permit details below are specific to Troy.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Troy, New York is a Hudson River city of 51,033 residents, about 15 minutes from Albany. Short-term rental performance data for Troy is reported at a shared regional level. The same series covers Troy, Schenectady, Ballston Spa, and Queensbury, so every performance figure below describes the Capital Region and Saratoga area STR market that includes Troy, not Troy alone. In August 2026 that market averaged an average daily rate (ADR) of $372 at 62.9% occupancy. Average revenue was $6,455 for the month. Compared with August 2025, occupancy rose 2.1%, ADR rose 1.55%, and revenue rose 4.85%. August is the summer peak, so it sits well above the yearly norm. Over calendar year 2025 the market averaged 51.48% occupancy, a $218 ADR, and $3,121 in monthly revenue. From January through August 2026 it averages 54.05% occupancy, a $234 ADR, and $3,467 in monthly revenue. The profile is a mid-range market with a strong summer. Troy itself draws visitors to the Troy Waterfront Farmers Market, Troy Night Out, the Troy Savings Bank Music Hall, and EMPAC at Rensselaer Polytechnic Institute. According to the area profile, guests are mostly regional day trippers, heritage and architecture tourists, college-related travelers, and event attendees. Rensselaer County recorded roughly $188M in visitor spending in 2024. Listing-type mix, bedroom mix, and channel split are tracked at a shared regional level rather than uniquely for Troy, so this profile omits them. Occupancy is a percent, so 62.9% means 62.9 of every 100 available nights were booked. Annual averages have moved in a narrow band since 2022, with occupancy between 50.24% and 54.53% and ADR between $207 and $236.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 43% |
| Feb | 52% |
| Mar | 48% |
| Apr | 53% |
| May | 55% |
| Jun | 57% |
| Jul | 63% |
| Aug | 63% |
| Sep | 45% |
| Oct | 51% |
| Nov | 45% |
| Dec | 49% |
Month-by-month nightly rates and revenue figures for Troy are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Albany/Saratoga Springs market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Albany/Saratoga Springs market as a whole, which includes Troy, so these counts are not Troy-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 73 | 1,822 | ★ 4.61 |
| 2 | Enlightened Habitat | 26 | 2,165 | ★ 4.80 |
| 3 | Luxe Rentals | 20 | 1,561 | ★ 4.56 |
| 4 | Saratoga Stays | 18 | 386 | ★ 4.84 |
| 5 | Archer Casten | 17 | 509 | ★ 4.29 |
What Kind of STR Should I Buy in Troy?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Troy are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 60.9% |
| vrbo | 5.1% |
| both | 34% |
Home Value Trends (Troy)
Typical home values, median sale prices, and the 10-year price trend for Troy are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Troy — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Troy has no short-term rental ordinance, so Airbnb and VRBO operation is permitted under general rules. The area profile lists no dedicated STR permit. Non-owner-occupied rentals must register under the City of Troy Landlord Registry (Chapter 177 of the city code), which the Bureau of Code Enforcement administers. These rentals are also subject to inspection and the city’s space and occupancy requirements. Out-of-area owners must name a local managing agent who lives or does business within 20 miles of the city. Troy has no STR zoning overlay. STRs operate under general residential and mixed-use zoning, and downtown mixed commercial-residential districts allow lodging-style uses. There is no cap on rental nights, and no owner-occupancy or primary-residence requirement. On taxes, Rensselaer County levies a 3% room occupancy tax on stays of 13 nights or fewer, which Airbnb collects and remits. New York State and local sales tax, roughly 8% combined, also applies to short-term lodging and is a separate obligation. A 2019 state bill (S2622) that would have allowed a Troy city lodging tax of 4% was vetoed in December 2019 and is not in force. New York is moving toward a statewide STR registry and data-reporting regime, so confirm current state requirements. Enforcement severity is rated moderate.
Market Comparison
Against the US benchmarks of about 55% occupancy and a $220 ADR, the Capital Region market looks strong in summer and average over the year. August 2026 occupancy of 62.9% is 7.9 points above 55%. August ADR of $372 is 69% above $220. For calendar year 2025 the picture is different. Occupancy of 51.48% was 3.5 points below the benchmark, and the $218 ADR was within $2 of it. The market therefore earns its premium in a short peak and runs near the national norm outside it. Top property manager data is tracked at a shared regional level rather than uniquely for Troy, so this profile omits operator names and shares. A buyer should check local operator density on the Troy listing pages before assuming a market share. Revenue is the clearer test of the premium. Average August revenue of $6,455 is 2.1 times the 2025 monthly average of $3,121.
Frequently Asked Questions About Troy, New York
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