Housing in Thompson, MI is very valuable compared to the US house median value. The median value of a home in Thompson is $209,000, which is significantly lower than the US house median value of $338,100. Additionally, the appreciation rate of housing in Thompson is higher than the general US appreciation rate. In the last year, values rose by 12.90%, versus 8.27% for all US homes, indicating that housing in Thompson may be a good investment option for potential homeowners.
The median home cost in Thompson is $209,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Thompson is up 23.1%.
Average Age of Homes
- The median age of Thompson real estate is 31 years old
The Rental Market in Thompson
- Renters make up 3.3% of the Thompson population
- 0.6% of houses and apartments in Thompson, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.