Market Overview
Home Prices in Thompson, OH
The median home value in Thompson, OH is $306,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thompson are priced25% below average. Thompson is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Thompson home values have risen by approximately30.9%, reflecting strong long-term appreciation in this market.
Price History
Thompson Home Price Trend
City Comparison
Thompson vs. National Median
At $306,743, homes in Thompson cost 25% 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
$61,349
on $306,743
Monthly P&I
$1,600/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,032/mo
incl. taxes & insurance
Income Needed
$81,280
gross annual (30% rule)
10% Down Option
$30,674
+ PMI applies
Loan Amount (20% dn)
$245,394
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, OH?
The median home value in Thompson is $306,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Thompson?
Over the past year, home values in Thompson have increased by 4%. Over five years, prices have risen approximately 30.9%.
How much do I need to earn to buy a home in Thompson?
To comfortably afford the median home price of $306,743 with a 20% down payment ($61,349) at today's rates (6.8%), you'd need a gross annual income of approximately $81,280. 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 $306,743, homes in Thompson are 25% below the national average.
What metro area is Thompson part of?
Thompson is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.