The Most Affordable Neighborhoods in Thompson Springs, UT by Home Value

 

Thompson Springs, UT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Thompson Springs area can be challenging. Home prices in Thompson Springs are now at a median cost of $267,900, lower than the Utah average of $361,191.

The average cost of rent is $1,289/mo in Thompson Springs, primarily driven by the current value of real estate in the Thompson Springs area. While nearly 59.79% of residents own their homes outright in Thompson Springs, 40.97% rent.

Housing affordability isn’t just about home prices, though. The average household income in Thompson Springs is $3,677 per month. Households that rent pay about 35.06% of their income on rent here. Thompson Springs's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.


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