The typical owner-occupied home in Thomasville is worth about $116,000, 45% below the Alabama median of $209,900 and 65% below the national median of $332,700. Owners pay a median $407 a year in property taxes, about 0.35% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $42,671 a year, so the median home costs 2.7 times the median income (3.3 times for Alabama). 57% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Thomasville at a glance
| Thomasville | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $116,000 | $209,900 | $332,700 |
| Median property tax paid per year | $407 | $788 | $3,119 |
| Property tax as a share of value | 0.35% | 0.38% | 0.94% |
| Median household income | $42,671 | $63,999 | $80,734 |
| Homes lived in by their owners | 57% | 70% | 65% |
| Owner homes with a mortgage | 44% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,219 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 19.0% | 21.0% |
| Median rent | $968 | $1,007 | $1,413 |
| Rent as a share of renters' income | 43.0% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 36.1% | 14.5% | 10.1% |
| Population | 3,619 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Thomasville
At this week's average 30-year rate of 7.11%, buying the median Thomasville home of $116,000 with 20% down costs about $706 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $900, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,276 for the 20%-down payment. That payment is 20% of the median Thomasville household income of $42,671; at that income and 20% down, the 28% guideline points to a home of about $163,000.
The median rent here is $968 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,200 |
|---|---|
| Loan amount | $92,800 |
| Principal and interest | $624 |
| Property taxes (0.35% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $706 |
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| Down payment | $4,060 |
|---|---|
| Loan amount | $113,899 |
| Principal and interest | $766 |
| Property taxes (0.35% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $900 |
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Questions about home buying in Thomasville
What is the median home value in Thomasville?
About $116,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Thomasville?
Homeowners pay a median $407 a year, which is about 0.35% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Thomasville?
For the median home with 20% down at 7.11%, the payment is about $706 a month. Keeping that under 28% of gross income takes about $30,276 a year.
More about Thomasville
- Mortgage Refinance in Thomasville
- Debt Relief in Thomasville
- Home Equity Loans in Thomasville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data