Demographics & Economics

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According to the 2000 US Census, the median value of owner-occupied housing in the City of Troy was $88,000 compared to a national average of $119,600.  The 2006 figures in Table 18 reflect that housing values have trended upward.

Conclusion

The Mount Ida neighborhood population is about 1,200, which is about 3% of the City of Troy’s population of 49,000.  The population has steadily declined over a number of decades, however, recent construction of the Polytech Apartments may signal a turnaround in that trend.  The population characteristics of the neighborhood have also changed.  In the past, the neighborhood may have had a strong ethnic and family-oriented character.  Now the population is quite diverse.  Even though more than 70% of the population is Caucasian, which is consistent with the City of Troy, no one ethnicity dominates the area.  Demographic data show ethnic backgrounds from more than two dozen different countries.  In this regard, the neighborhood resembles the melting pot of America.  On the other hand, only about 1 in 5 residents are married with spouse present.  For the rest of the City, this statistic is about 1 in 4 and it is probably higher in suburban and rural communities.

 

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