Toano, VA 23168 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Toano, VA—23168

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$447,000

2.2% YoY Growth

Household Income

$128,000

62.9% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,600

3.2% YoY Growth

1-Bed Rent

$1,600

N/A

2-Bed Rent

$1,880

14.5% YoY Growth

3-Bed Rent

$2,250

2.8% YoY Growth

Home Price Trends — Toano, VA

As of Nov '25, the median home price in Toano, VA is $447,000, with a year-over-year change of 2.2%. This indicates that home prices in Toano, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$447,000	2.2%
Single Family	$455,000	2.0%
Condos	$279,000	3.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Toano, VA

As of July '25, Rentcast reports the average rent in Toano, VA is $2,580, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Toano, VA is 1-bedrooms: $1,600, 2-bedrooms: $1,880, 3-bedrooms: $2,400, 4-bedrooms: $2,970. The most common rental property sizes in Toano, VA are 3-bedroom and 2-bedroom, accounting for 46.2% and 38.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,580
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,600
2 Bed Rent	$1,880	$1,880
3 Bed Rent	$2,250	$2,400
4 Bed Rent	$2,800	$2,970

Loading chart...

% of Rental Stock

2 Bedrooms

38.1%

3 Bedrooms

46.2%

4 Bedrooms

15.7%

Property Listings — Toano, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Toano, VA is 46. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$532,000	0.0%
Listing Count	42	78.0%
Listings as % of Homes	0.9%	78.0%
Days on Market	46	3.0%

Loading chart...

Demographics — Toano, VA

As of the latest ACS Survey released in 2023, Toano, VA has a population of 8,780, which has increased by 21.0% over the past 5 years. Toano, VA is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 44.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,780	21.0%
% Under 18	21.6%	-12.2%
% Seniors	16.2%	1.9%
% WFH	14.5%	281.6%
% w/ College Degree	44.4%	-8.6%

Loading chart...

As of the latest ACS Survey released in 2023, Toano, VA is a predominantly white area, with 69.0% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Toano, VA is black, making up 16.3% of the population. Foreign-born residents account for 6.1% of the population in Toano, VA, and this percentage has increased by 134.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.0%	-3.6%
% Black	16.3%	23.5%
% Hispanic	4.3%	-31.7%
% Asian	5.1%	537.5%
% Foreign Born	6.1%	134.6%

Loading chart...

Mortgage and Risk — Toano, VA

According to HUD data as of 2023, there were 277 mortgage originations in Toano, VA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Toano, VA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	277
% Conventional Loans	60.0%
% Government Loans	40.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

Loading chart...

Rentals and Section 8 — Toano, VA

As of 2024, the percent of homes in Toano, VA under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Toano, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$250	$1,600	$1,350
2 Bedroom	-$340	$1,880	$1,540
3 Bedroom	-$110	$2,250	$2,140
4 Bedroom	-$250	$2,800	$2,550

Toano, VA—23168

Key Metrics at a Glance

Home Price Trends — Toano, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Toano, VA

% of Rental Stock

Property Listings — Toano, VA

Demographics — Toano, VA

Race and Ethnicity

Mortgage and Risk — Toano, VA

Mortgages

Rentals and Section 8 — Toano, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Toano, VA

Home Price to Income Ratio

Toano, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Barhamsville, VA

Williamsburg, VA

Lanexa, VA

Shacklefords, VA

Mattaponi, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$447,000
Median Household Income	$128,000

Toano, VA—23168

Key Metrics at a Glance

Home Price Trends — Toano, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Toano, VA

% of Rental Stock

Property Listings — Toano, VA

Demographics — Toano, VA

Race and Ethnicity

Mortgage and Risk — Toano, VA

Mortgages

Rentals and Section 8 — Toano, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Toano, VA

Home Price to Income Ratio

Toano, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Barhamsville, VA

Williamsburg, VA

Lanexa, VA

Shacklefords, VA

Mattaponi, VA

Frequently Asked Questions

What is the average home price in Toano, VA 23168?

How have home prices in Toano, VA 23168 changed over the past year?

What is the home price projection for Toano, VA 23168?

What are the demographics of Toano, VA 23168?

How long does it take homes to sell in Toano, VA 23168?

What is the average rent price in Toano, VA 23168?