Thompsonville, MI—49683
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thompsonville, MI
As of Oct '25, the median home price in Thompsonville, MI is $283,000, with a year-over-year change of 0.4%. This indicates that home prices in Thompsonville, MI are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 0.4% |
| Single Family | $290,000 | 0.3% |
| Condos | $268,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $279,000 | -0.4% |
3 Bed | $330,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thompsonville, MI
Thompsonville, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,750 | $2,750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Thompsonville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Thompsonville, MI is 93. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $534,000 | 63.0% |
Listing Count | 23 | -33.0% |
| Listings as % of Homes | 0.5% | -33.0% |
Days on Market | 93 | -16.0% |
Demographics — Thompsonville, MI
As of the latest ACS Survey released in 2023, Thompsonville, MI has a population of 2,070, which has decreased by -2.1% over the past 5 years. Thompsonville, MI is a moderately popular place for families, as children make up 15.6% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,070 | -2.1% |
% Under 18 | 15.6% | -26.4% |
% Seniors | 26.6% | 51.1% |
% WFH | 3.8% | 35.7% |
% w/ College Degree | 20.3% | 28.5% |
As of the latest ACS Survey released in 2023, Thompsonville, MI is a predominantly white area, with 92.4% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Thompsonville, MI is asian, making up 0.8% of the population. Foreign-born residents account for 1.9% of the population in Thompsonville, MI, and this percentage has increased by 72.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.4% | 2.4% |
% Black | 0.2% | -80.0% |
% Hispanic | 0.6% | -82.9% |
% Asian | 0.8% | 700.0% |
% Foreign Born | 1.9% | 72.7% |
Mortgage and Risk — Thompsonville, MI
According to HUD data as of 2023, there were 64 mortgage originations in Thompsonville, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Thompsonville, MI. Investor activity is low, as 3.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Thompsonville, MI
Thompsonville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | -$1,550 | $2,750 | $1,200 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Thompsonville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $283,000 |
| Median Household Income | $57,900 |