The typical owner-occupied home in Thompsontown is worth about $147,600, 42% below the Pennsylvania median of $254,500 and 56% below the national median of $332,700. Owners pay a median $1,229 a year in property taxes, about 0.83% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $41,042 a year, so the median home costs 3.6 times the median income (3.3 times for Pennsylvania). 55% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Thompsontown at a glance
| Thompsontown | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $147,600 | $254,500 | $332,700 |
| Median property tax paid per year | $1,229 | $3,311 | $3,119 |
| Property tax as a share of value | 0.83% | 1.30% | 0.94% |
| Median household income | $41,042 | $77,971 | $80,734 |
| Homes lived in by their owners | 55% | 69% | 65% |
| Owner homes with a mortgage | 34% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.4% | 19.4% | 21.0% |
| Median rent | $709 | $1,209 | $1,413 |
| Rent as a share of renters' income | 24.8% | 29.2% | 30.6% |
| Median year homes were built | 1959 | 1965 | 1980 |
| Vacant homes | 12.6% | 9.2% | 10.1% |
| Population | 515 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Thompsontown
At this week's average 30-year rate of 7.11%, buying the median Thompsontown home of $147,600 with 20% down costs about $958 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,204, 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 $41,054 for the 20%-down payment. That payment is 28% of the median Thompsontown household income of $41,042; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $709 a month, so owning the median home costs about $249 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,520 |
|---|---|
| Loan amount | $118,080 |
| Principal and interest | $794 |
| Property taxes (0.83% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $958 |
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| Down payment | $5,166 |
|---|---|
| Loan amount | $144,927 |
| Principal and interest | $975 |
| Property taxes (0.83% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $65 |
| Total per month | $1,204 |
Change the numbers in the calculator
Questions about home buying in Thompsontown
What is the median home value in Thompsontown?
About $147,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Thompsontown?
Homeowners pay a median $1,229 a year, which is about 0.83% 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 Thompsontown?
For the median home with 20% down at 7.11%, the payment is about $958 a month. Keeping that under 28% of gross income takes about $41,054 a year.
More about Thompsontown
- Mortgage Refinance in Thompsontown
- Debt Relief in Thompsontown
- Home Equity Loans in Thompsontown
- 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