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Toomsuba

Learn about the people, housing, costs and businesses in Toomsuba, Mississippi

Median Home$162,000
Median Rent$1,086/month
Population653
Leading IndustryRetail22% of local workforce
Home Value Growth+10.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners69% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Toomsuba
MS

Frequently Asked Questions

What are today's mortgage rates in Toomsuba?

As of today, the 30-year fixed mortgage rate for Toomsuba is approximately 6.960% (7.001% 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 Toomsuba?

The median home value in Toomsuba is $162k. The median monthly rent is $1,086. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Toomsuba?

Home values in Toomsuba have increased 10.0% 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 Toomsuba?

Based on a typical all-in ownership cost of $988/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Toomsuba is $47k/year.

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What industries drive the economy in Toomsuba?

The largest employment sectors in Toomsuba are public administration (25%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.