The typical owner-occupied home in Thompsons is worth about $325,000, 15% above the Texas median of $283,800 and about the same as the national median of $332,700. The median household earns $62,500 a year, so the median home costs 5.2 times the median income (3.6 times for Texas). 92% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Thompsons at a glance
| Thompsons | Texas | U.S. | |
|---|---|---|---|
| Median home value | $325,000 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $62,500 | $78,476 | $80,734 |
| Homes lived in by their owners | 92% | 63% | 65% |
| Owner homes with a mortgage | 36% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $3,152 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1978 | 1992 | 1980 |
| Vacant homes | 21.6% | 9.4% | 10.1% |
| Population | 222 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Thompsons
At this week's average 30-year rate of 7.11%, buying the median Thompsons home of $325,000 with 20% down costs about $2,182 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,724, 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 $93,530 for the 20%-down payment. That payment is 42% of the median Thompsons household income of $62,500; at that income and 20% down, the 28% guideline points to a home of about $217,000.
| Down payment | $65,000 |
|---|---|
| Loan amount | $260,000 |
| Principal and interest | $1,749 |
| Property taxes (1.10% a year) | $298 |
| Homeowners insurance (our estimate, 0.5% a year) | $135 |
| PMI | $0 |
| Total per month | $2,182 |
Change the numbers in the calculator
| Down payment | $11,375 |
|---|---|
| Loan amount | $319,113 |
| Principal and interest | $2,147 |
| Property taxes (1.10% a year) | $298 |
| Homeowners insurance (our estimate, 0.5% a year) | $135 |
| FHA mortgage insurance | $144 |
| Total per month | $2,724 |
Change the numbers in the calculator
Questions about home buying in Thompsons
What is the median home value in Thompsons?
About $325,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Thompsons?
For the median home with 20% down at 7.11%, the payment is about $2,182 a month. Keeping that under 28% of gross income takes about $93,530 a year.
More about Thompsons
- Mortgage Refinance in Thompsons
- Debt Relief in Thompsons
- Home Equity Loans in Thompsons
- 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