Market Overview
Home Prices in Thompson Falls, MT
The median home value in Thompson Falls, MT is $446,420 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thompson Falls are priced9% above average.
Over the past five years, Thompson Falls home values have risen by approximately43.9%, reflecting strong long-term appreciation in this market.
Price History
Thompson Falls Home Price Trend
2020
$236,762
$237K
—
2021
$310,133
$310K
+31.0%
2022
$411,858
$412K
+32.8%
2023
$403,185
$403K
-2.1%
2024
$417,216
$417K
+3.5%
2025
$432,208
$432K
+3.6%
2026
$446,420
$446K
+3.3%
City Comparison
Thompson Falls vs. National Median
🏠 Thompson Falls
$446,420
National Median
$410,000
At $446,420, homes in Thompson Falls cost 9% above the national median of $410,000. Buyers in Thompson Falls should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Thompson Falls?
20% Down Payment
$89,284
on $446,420
Monthly P&I
$2,328/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,957/mo
incl. taxes & insurance
Income Needed
$118,280
gross annual (30% rule)
10% Down Option
$44,642
+ PMI applies
Loan Amount (20% dn)
$357,136
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 Falls, MT?
The median home value in Thompson Falls is $446,420 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Thompson Falls?
Over the past year, home values in Thompson Falls have increased by 3.3%. Over five years, prices have risen approximately 43.9%.
How much do I need to earn to buy a home in Thompson Falls?
To comfortably afford the median home price of $446,420 with a 20% down payment ($89,284) at today's rates (6.8%), you'd need a gross annual income of approximately $118,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Thompson Falls compare to the national average home price?
The national median home value is approximately $410,000. At $446,420, homes in Thompson Falls are 9% above the national average.