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Tolu

Learn about the people, housing, costs and businesses in Tolu, Kentucky

Median Home$113,200
Population73
Leading IndustriesManufacturing · Agriculture & Mining · Construction8% manufacturing
Home Value Growth⬆⬆⬆+50.8% over 2 years
Young Adults25% of residents
Homeowners93% of occupied units
Tolu
KY

Frequently Asked Questions

What are today's mortgage rates in Tolu?

As of today, the 30-year fixed mortgage rate for Tolu is approximately 6.897% (6.933% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tolu?

The median home value in Tolu is $113k. Annual property taxes average $865. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tolu?

Home values in Tolu have increased 50.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tolu?

Based on a typical all-in ownership cost of $513/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tolu is $45k/year.

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What industries drive the economy in Tolu?

The largest employment sectors in Tolu are public administration (27%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.