Market Overview
Home Prices in Thompson, ND
The median home value in Thompson, ND is $386,290 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.8% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thompson are priced6% below average. Thompson is part of the Grand Forks, ND-MN metro area.
Over the past five years, Thompson home values have risen by approximately11.7%, reflecting steady appreciation in this market.
Price History
Thompson Home Price Trend
City Comparison
Thompson vs. National Median
At $386,290, homes in Thompson cost 6% 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
$77,258
on $386,290
Monthly P&I
$2,015/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,559/mo
incl. taxes & insurance
Income Needed
$102,360
gross annual (30% rule)
10% Down Option
$38,629
+ PMI applies
Loan Amount (20% dn)
$309,032
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, ND?
The median home value in Thompson is $386,290 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.8% year-over-year.
How much have home prices changed in Thompson?
Over the past year, home values in Thompson have increased by 8.8%. Over five years, prices have risen approximately 11.7%.
How much do I need to earn to buy a home in Thompson?
To comfortably afford the median home price of $386,290 with a 20% down payment ($77,258) at today's rates (6.8%), you'd need a gross annual income of approximately $102,360. 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 $386,290, homes in Thompson are 6% below the national average.
What metro area is Thompson part of?
Thompson is part of the Grand Forks, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.