The typical owner-occupied home in Toms Brook is worth about $226,800, 41% below the Virginia median of $383,700 and 32% below the national median of $332,700. Owners pay a median $1,106 a year in property taxes, about 0.49% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $54,167 a year, so the median home costs 4.2 times the median income (4.1 times for Virginia). 73% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Toms Brook at a glance
| Toms Brook | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $226,800 | $383,700 | $332,700 |
| Median property tax paid per year | $1,106 | $2,790 | $3,119 |
| Property tax as a share of value | 0.49% | 0.73% | 0.94% |
| Median household income | $54,167 | $93,170 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 74% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,444 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 20.1% | 21.0% |
| Median rent | $845 | $1,579 | $1,413 |
| Rent as a share of renters' income | 43.6% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1984 | 1980 |
| Vacant homes | 18.7% | 8.7% | 10.1% |
| Population | 439 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Toms Brook
At this week's average 30-year rate of 7.11%, buying the median Toms Brook home of $226,800 with 20% down costs about $1,408 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,785, 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 $60,329 for the 20%-down payment. That payment is 31% of the median Toms Brook household income of $54,167; at that income and 20% down, the 28% guideline points to a home of about $204,000.
The median rent here is $845 a month, so owning the median home costs about $563 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,360 |
|---|---|
| Loan amount | $181,440 |
| Principal and interest | $1,221 |
| Property taxes (0.49% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,408 |
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| Down payment | $7,938 |
|---|---|
| Loan amount | $222,692 |
| Principal and interest | $1,498 |
| Property taxes (0.49% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,785 |
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Questions about home buying in Toms Brook
What is the median home value in Toms Brook?
About $226,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Toms Brook?
Homeowners pay a median $1,106 a year, which is about 0.49% 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 Toms Brook?
For the median home with 20% down at 7.11%, the payment is about $1,408 a month. Keeping that under 28% of gross income takes about $60,329 a year.
More about Toms Brook
- Mortgage Refinance in Toms Brook
- Debt Relief in Toms Brook
- Home Equity Loans in Toms Brook
- 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