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These days, finding an affordable place to live in the Toano area can be challenging. Home prices in Toano are now at a median cost of $426,110, lower than the Virginia average of $443,089.
The average cost of rent is $1,478/mo in Toano, primarily driven by the current value of real estate in the Toano area. In Toano, 17.59% of households rent, and 23.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Toano is $10,351 per month. Households that rent pay about 14.28% of their income on rent here. Toano’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Barhamsville, VA: less expensive homes
- Lanexa, VA: equally priced homes
- Lightfoot, VA: equally priced homes
- Plum Point, VA: less expensive homes
- Plain View, VA: less expensive homes
- Holdcroft, VA: less expensive homes
- Snow Hill, VA: less expensive homes
- Signpine, VA: less expensive homes
- Shacklefords, VA: less expensive homes
- West Point, VA: less expensive homes
Cities with Similar Populations
- Jackson, KY: less expensive homes
- Inwood, NY: higher priced homes
- Iowa, LA: less expensive homes
- Iowa Park, TX: less expensive homes
- Iron Mountain, MI: less expensive homes
- Irvine, KY: less expensive homes
- Irvington, AL: less expensive homes
- Island Lake, IL: less expensive homes
- Island Park, NY: higher priced homes
- Ivins, UT: higher priced homes
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