Is the story of Troy true?

Could you please clarify, is the ancient tale of the city of Troy, as recounted in the Iliad and Odyssey, to be considered factual history, or is it a work of mythology and folklore? Have historians uncovered definitive evidence to support the existence of Troy and its historical events, or does the story primarily serve as a cultural and literary legacy? Additionally, to what extent have archaeological findings influenced our understanding of the story's veracity?