The typical owner-occupied home in Toast is worth about $104,800, 64% below the North Carolina median of $288,900 and 69% below the national median of $332,700. Owners pay a median $641 a year in property taxes, about 0.61% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $35,111 a year, so the median home costs 3.0 times the median income (4.0 times for North Carolina). 66% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Toast at a glance
| Toast | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $104,800 | $288,900 | $332,700 |
| Median property tax paid per year | $641 | $1,896 | $3,119 |
| Property tax as a share of value | 0.61% | 0.66% | 0.94% |
| Median household income | $35,111 | $72,388 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 53% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $850 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 14.4% | 19.4% | 21.0% |
| Median rent | $847 | $1,228 | $1,413 |
| Rent as a share of renters' income | 37.3% | 29.5% | 30.6% |
| Median year homes were built | 1973 | 1991 | 1980 |
| Vacant homes | 24.3% | 12.5% | 10.1% |
| Population | 893 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Toast
At this week's average 30-year rate of 7.11%, buying the median Toast home of $104,800 with 20% down costs about $661 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $836, 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 $28,326 for the 20%-down payment. That payment is 23% of the median Toast household income of $35,111; at that income and 20% down, the 28% guideline points to a home of about $130,000.
The median rent here is $847 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,960 |
|---|---|
| Loan amount | $83,840 |
| Principal and interest | $564 |
| Property taxes (0.61% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $661 |
Change the numbers in the calculator
| Down payment | $3,668 |
|---|---|
| Loan amount | $102,902 |
| Principal and interest | $692 |
| Property taxes (0.61% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $836 |
Change the numbers in the calculator
Questions about home buying in Toast
What is the median home value in Toast?
About $104,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Toast?
Homeowners pay a median $641 a year, which is about 0.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Toast?
For the median home with 20% down at 7.11%, the payment is about $661 a month. Keeping that under 28% of gross income takes about $28,326 a year.
More about Toast
- Mortgage Refinance in Toast
- Debt Relief in Toast
- Home Equity Loans in Toast
- 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