Market Overview
Home Prices in Thompson, IA
The median home value in Thompson, IA is $93,027 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.6% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thompson are priced77% below average.
Price History
Thompson Home Price Trend
2022
$114,511
$115K
—
2023
$111,313
$111K
-2.8%
2024
$97,068
$97K
-12.8%
2025
$95,528
$96K
-1.6%
2026
$93,027
$93K
-2.6%
City Comparison
Thompson vs. National Median
🏠 Thompson
$93,027
National Median
$410,000
At $93,027, homes in Thompson cost 77% below the national median of $410,000. This makes Thompson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thompson?
20% Down Payment
$18,605
on $93,027
Monthly P&I
$485/mo
30-yr @ 6.8%
Total Monthly Est.
~$616/mo
incl. taxes & insurance
Income Needed
$24,640
gross annual (30% rule)
10% Down Option
$9,303
+ PMI applies
Loan Amount (20% dn)
$74,422
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Thompson, IA?
The median home value in Thompson is $93,027 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.6% year-over-year.
How much have home prices changed in Thompson?
Over the past year, home values in Thompson have decreased by 2.6%.
How much do I need to earn to buy a home in Thompson?
To comfortably afford the median home price of $93,027 with a 20% down payment ($18,605) at today's rates (6.8%), you'd need a gross annual income of approximately $24,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Thompson compare to the national average home price?
The national median home value is approximately $410,000. At $93,027, homes in Thompson are 77% below the national average.