Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Thomson area can be challenging. Home prices in Thomson are now at a median cost of $216,455, lower than the Minnesota average of $269,934.
The average cost of rent is $1,153/mo in Thomson, primarily driven by the current value of real estate in the Thomson area. While nearly 25.40% of residents own their homes outright in Thomson, 5.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Thomson is $9,769 per month. Households that rent pay about 11.80% of their income on rent here. Thomson's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Scanlon, MN: less expensive homes
- Esko, MN: higher priced homes
- Carlton, MN: equally priced homes
- Wrenshall, MN: equally priced homes
- Cloquet, MN: less expensive homes
- Blackhoof, MN: higher priced homes
- Iverson, MN: less expensive homes
- Oliver, WI: less expensive homes
- Proctor, MN: less expensive homes
- Dewey, WI: less expensive homes
Cities with Similar Populations
- Copeland, GA: less expensive homes
- Colmar, KY: less expensive homes
- Colp, IL: less expensive homes
- Colza, PA: less expensive homes
- Comanche Creek, CO: higher priced homes
- Conger, MN: less expensive homes
- Conroy, IA: less expensive homes
- Constance, NE: equally priced homes
- Cook Station, MO: less expensive homes
- Cooperstown, KY: less expensive homes
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