Market Overview
Home Prices in Toano, VA
The median home value in Toano, VA is $464,385 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Toano are priced13% above average. Toano is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Toano home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Toano Home Price Trend
City Comparison
Toano vs. National Median
At $464,385, homes in Toano cost 13% above the national median of $410,000. Buyers in Toano should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Toano?
20% Down Payment
$92,877
on $464,385
Monthly P&I
$2,422/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,076/mo
incl. taxes & insurance
Income Needed
$123,040
gross annual (30% rule)
10% Down Option
$46,439
+ PMI applies
Loan Amount (20% dn)
$371,508
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Toano, VA?
The median home value in Toano is $464,385 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Toano?
Over the past year, home values in Toano have increased by 1.8%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Toano?
To comfortably afford the median home price of $464,385 with a 20% down payment ($92,877) at today's rates (6.8%), you'd need a gross annual income of approximately $123,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Toano compare to the national average home price?
The national median home value is approximately $410,000. At $464,385, homes in Toano are 13% above the national average.
What metro area is Toano part of?
Toano is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.