Total monthly cost of ownership
Cost to Own a Home in Toast, North Carolina
A $94,000 home here costs
$850per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $367 higher every month — 76% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Toast against Surry County and North Carolina
| Measure | Toast | Surry County |
|---|---|---|
| Median home value | $93,900 | $166,400 |
| Median property tax | $608 | $1,033 |
| Effective tax rate | 0.647% | 0.621% |
| Median gross rent | $857 | $741 |
| Population | 1,066 | 71,407 |
The weather behind that power bill
Toast sits in Surry County, which averages a high of 86.3°F in its hottest month and a low of 24.8°F in its coldest, with 50.46" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 973 cooling and 4,412 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Surry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Surry County
Full Surry County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Toast?
A $94,000 home in Toast, North Carolina costs approximately $850 per month with 20% down at 6.66%. That is $483 principal and interest, $51 property tax, $34 homeowners insurance, $204 utilities and $78 set aside for maintenance.
What is the property tax rate in Toast?
Toast has an effective property tax rate of 0.647%, based on a median home value of $93,900 and median real estate taxes of $608. That is higher than the Surry County average of 0.621%.
What is the average home price in Toast?
The median owner-occupied home value in Toast, North Carolina is $93,900, against $166,400 across Surry County.
Is it cheaper to rent or buy in Toast?
Median gross rent in Toast is $857 a month, against $850 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Toast — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Carolina.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.