The typical owner-occupied home in Saint Thomas is worth about $79,300, 68% below the North Dakota median of $249,900 and 76% below the national median of $332,700. Owners pay a median $1,033 a year in property taxes, about 1.30% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $72,500 a year, so the median home costs 1.1 times the median income (3.3 times for North Dakota). 85% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Saint Thomas at a glance
| Saint Thomas | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $79,300 | $249,900 | $332,700 |
| Median property tax paid per year | $1,033 | $2,468 | $3,119 |
| Property tax as a share of value | 1.30% | 0.99% | 0.94% |
| Median household income | $72,500 | $76,657 | $80,734 |
| Homes lived in by their owners | 85% | 63% | 65% |
| Owner homes with a mortgage | 48% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 12.2% | 19.4% | 21.0% |
| Median rent | $825 | $954 | $1,413 |
| Rent as a share of renters' income | 45.0% | 25.0% | 30.6% |
| Median year homes were built | 1958 | 1982 | 1980 |
| Vacant homes | 19.0% | 12.3% | 10.1% |
| Population | 306 | 784,841 | 334,922,499 |
What a typical home costs per month in Saint Thomas
At this week's average 30-year rate of 7.11%, buying the median Saint Thomas home of $79,300 with 20% down costs about $546 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $678, 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 $23,388 for the 20%-down payment. That payment is 9% of the median Saint Thomas household income of $72,500; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $825 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,860 |
|---|---|
| Loan amount | $63,440 |
| Principal and interest | $427 |
| Property taxes (1.30% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $546 |
Change the numbers in the calculator
| Down payment | $2,776 |
|---|---|
| Loan amount | $77,864 |
| Principal and interest | $524 |
| Property taxes (1.30% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $678 |
Change the numbers in the calculator
Questions about home buying in Saint Thomas
What is the median home value in Saint Thomas?
About $79,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saint Thomas?
Homeowners pay a median $1,033 a year, which is about 1.30% 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 Saint Thomas?
For the median home with 20% down at 7.11%, the payment is about $546 a month. Keeping that under 28% of gross income takes about $23,388 a year.
More about Saint Thomas
- Mortgage Refinance in Saint Thomas
- Debt Relief in Saint Thomas
- Home Equity Loans in Saint Thomas
- 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