Market Overview
Home Prices in Thompsonville, MI
The median home value in Thompsonville, MI is $316,303 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thompsonville are priced23% below average. Thompsonville is part of the Traverse City, MI metro area.
Over the past five years, Thompsonville home values have risen by approximately35.5%, reflecting strong long-term appreciation in this market.
Price History
Thompsonville Home Price Trend
City Comparison
Thompsonville vs. National Median
At $316,303, homes in Thompsonville cost 23% below the national median of $410,000. This makes Thompsonville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thompsonville?
20% Down Payment
$63,261
on $316,303
Monthly P&I
$1,650/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,096/mo
incl. taxes & insurance
Income Needed
$83,840
gross annual (30% rule)
10% Down Option
$31,630
+ PMI applies
Loan Amount (20% dn)
$253,042
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 Thompsonville, MI?
The median home value in Thompsonville is $316,303 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Thompsonville?
Over the past year, home values in Thompsonville have increased by 4.7%. Over five years, prices have risen approximately 35.5%.
How much do I need to earn to buy a home in Thompsonville?
To comfortably afford the median home price of $316,303 with a 20% down payment ($63,261) at today's rates (6.8%), you'd need a gross annual income of approximately $83,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Thompsonville compare to the national average home price?
The national median home value is approximately $410,000. At $316,303, homes in Thompsonville are 23% below the national average.
What metro area is Thompsonville part of?
Thompsonville is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.