Living in Thompson, IA
Thompson, IA, is a quaint town that combines small-town charm with ample recreational opportunities. It features scenic parks, good schools, and a tight-knit community, making it perfect for families and retirees. Residents enjoy a laid-back lifestyle enriched by the beauty of nature and friendly neighbors.
Current Market Conditions in Thompson, IA
The real estate market in Thompson is currently experiencing a steady demand, driven by the desire for affordable housing in a serene environment. Average home prices are on the rise, although they remain significantly lower compared to urban areas, making it attractive for first-time buyers and investors.
There is a growing trend towards home renovations among new homeowners, as many seek to upgrade older homes to modern standards. This trend is fueled by the town's affordability and the allure of investing in a stable, low-risk property market.
Home Value Estimator For Thompson, IA
There are currently 339 real estate properties
in Thompson, IA,
with a median automated valuation model (AVM) price
of $74,116.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Thompson, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Thompson, IA,
is $118,909.00, with the most expensive house
in Thompson, IA, topping out
at $843,041.00 and the cheapest home
in Thompson, IA,
clocking in at $12,510.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Thompson, IA!
Rent Prices
In Thompson, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Thompson, IA, is on
a rollercoaster ride. The
average rent price in Thompson, IA,
is $1,060.00. Indeed, when looking to rent in
Thompson, IA, you can expect to pay as little
as $610.00 or as much
as $1,900.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Thompson, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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