The housing market in Thompson, MN is performing well compared to the national average. The median value of a home in Thompson is $172,100, which is significantly lower than the US House Median Value of $338,100. Additionally, the appreciation rate of homes is higher in Thompson than the national rate, with a 1 year appreciation of 9.54% compared to the 8.27% nationwide. This indicates that now may be an opportune time to invest in real estate in Thompson, MN.
The median home cost in Thompson is $172,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Thompson is up 14.7%.
Average Age of Homes
- The median age of Thompson real estate is 41 years old
The Rental Market in Thompson
- Renters make up 3.8% of the Thompson population
- 0.0% 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.