Troy is located close to the center of Texas. Troy is between the Bell, Falls county. Troy has 4.02 square miles of land area and 0.01 square miles of water area. As of 2010-2014, the total Troy population is 1,771, which has grown 28.52% since 2000. The population growth rate is higher than the state average rate of 25.13% and is much higher than the national average rate of 11.61%. Troy median household income is $47,639 in 2010-2014 and has grown by 21.37% since 2000. The income growth rate is lower than the state average rate of 31.68% and is lower than the national average rate of 27.36%. Troy median house value is $94,400 in 2010-2014 and has grown by 60.54% since 2000. The house value growth rate is about the same as the state average rate of 59.27% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Troy is better than the state average in quality. The Troy area code is 254.