The typical owner-occupied home in Toomsuba is worth about $224,600, 32% above the Mississippi median of $169,800 and 32% below the national median of $332,700. The median household earns $73,387 a year, so the median home costs 3.1 times the median income (3.0 times for Mississippi). 47% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Toomsuba at a glance
| Toomsuba | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $224,600 | $169,800 | $332,700 |
| Median property tax paid per year | – | $1,215 | $3,119 |
| Median household income | $73,387 | $56,447 | $80,734 |
| Homes lived in by their owners | 47% | 70% | 65% |
| Owner homes with a mortgage | 61% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,372 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 14.3% | 19.8% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1968 | 1986 | 1980 |
| Vacant homes | 12.7% | 14.6% | 10.1% |
| Population | 512 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Toomsuba
At this week's average 30-year rate of 7.11%, buying the median Toomsuba home of $224,600 with 20% down costs about $1,508 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,882, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $64,637 for the 20%-down payment. That payment is 25% of the median Toomsuba household income of $73,387; at that income and 20% down, the 28% guideline points to a home of about $255,000.
| Down payment | $44,920 |
|---|---|
| Loan amount | $179,680 |
| Principal and interest | $1,209 |
| Property taxes (1.10% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,508 |
Change the numbers in the calculator
| Down payment | $7,861 |
|---|---|
| Loan amount | $220,532 |
| Principal and interest | $1,484 |
| Property taxes (1.10% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $99 |
| Total per month | $1,882 |
Change the numbers in the calculator
Questions about home buying in Toomsuba
What is the median home value in Toomsuba?
About $224,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Toomsuba?
For the median home with 20% down at 7.11%, the payment is about $1,508 a month. Keeping that under 28% of gross income takes about $64,637 a year.
More about Toomsuba
- Mortgage Refinance in Toomsuba
- Debt Relief in Toomsuba
- Home Equity Loans in Toomsuba
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data