Market Overview
Home Prices in Thomson, IL
The median home value in Thomson, IL is $158,783 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and up 18.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thomson are priced61% below average.
Over the past five years, Thomson home values have risen by approximately45.6%, reflecting strong long-term appreciation in this market.
Price History
Thomson Home Price Trend
2020
$95,788
$96K
—
2021
$109,057
$109K
+13.9%
2022
$121,934
$122K
+11.8%
2023
$123,510
$124K
+1.3%
2024
$124,601
$125K
+0.9%
2025
$147,999
$148K
+18.8%
2026
$158,783
$159K
+7.3%
City Comparison
Thomson vs. National Median
🏠 Thomson
$158,783
National Median
$410,000
At $158,783, homes in Thomson cost 61% below the national median of $410,000. This makes Thomson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thomson?
20% Down Payment
$31,757
on $158,783
Monthly P&I
$828/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,052/mo
incl. taxes & insurance
Income Needed
$42,080
gross annual (30% rule)
10% Down Option
$15,878
+ PMI applies
Loan Amount (20% dn)
$127,026
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 Thomson, IL?
The median home value in Thomson is $158,783 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Thomson?
Over the past year, home values in Thomson have increased by 7.3%. Over five years, prices have risen approximately 45.6%.
How much do I need to earn to buy a home in Thomson?
To comfortably afford the median home price of $158,783 with a 20% down payment ($31,757) at today's rates (6.8%), you'd need a gross annual income of approximately $42,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Thomson compare to the national average home price?
The national median home value is approximately $410,000. At $158,783, homes in Thomson are 61% below the national average.