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Toone

Learn about the people, housing, costs and businesses in Toone, Tennessee

Median Home$159,200
Median Rent$725/month
Population285
Leading IndustriesInformation & Media · Finance & Insurance · Retail12% information & media
Home Value Growth⬆⬆⬆+69.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$159k median home · lower cost than 70% of the country
Toone
TN

Frequently Asked Questions

What are today's mortgage rates in Toone?

As of today, the 30-year fixed mortgage rate for Toone is approximately 6.956% (6.997% 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 Toone?

The median home value in Toone is $159k. The median monthly rent is $725. Annual property taxes average $946. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Toone?

Home values in Toone have increased 69.5% 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 Toone?

Based on a typical all-in ownership cost of $730/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Toone is $61k/year.

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What industries drive the economy in Toone?

The largest employment sectors in Toone are public administration (24%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.