Thompson, ND 58278 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Thompson, ND—58278

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$356,000

0.6% YoY Growth

Household Income

$104,000

2.9% YoY Growth

Days on Market

36.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Thompson, ND

As of Dec '25, the median home price in Thompson, ND is $356,000, with a year-over-year change of 0.6%. This indicates that home prices in Thompson, ND are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$356,000	0.6%
Single Family	$356,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Thompson, ND

Thompson, ND lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

20.4%

2 Bedrooms

63.3%

3 Bedrooms

12.2%

4 Bedrooms

4.1%

Property Listings — Thompson, ND

As of Dec '25, Realtor.com reports that the median days on market for a home in Thompson, ND is 60. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,150,000	94.0%
Listing Count	2	14.0%
Listings as % of Homes	0.4%	14.0%
Days on Market	90	36.0%

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Demographics — Thompson, ND

As of the latest ACS Survey released in 2023, Thompson, ND has a population of 2,120, which has increased by 11.2% over the past 5 years. Thompson, ND is a popular place for families, as children make up 27.4% of the population. The area has a moderately educated workforce, with 36.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,120	11.2%
% Under 18	27.4%	1.5%
% Seniors	13.8%	43.8%
% WFH	6.6%	24.5%
% w/ College Degree	36.5%	-2.7%

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As of the latest ACS Survey released in 2023, Thompson, ND is a predominantly white area, with 94.4% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Thompson, ND is hispanic, making up 1.0% of the population. Foreign-born residents account for 3.5% of the population in Thompson, ND, and this percentage has increased by 45.8% 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	94.4%	-1.0%
% Black	0.0%	N/A
% Hispanic	1.0%	400.0%
% Asian	0.1%	-87.5%
% Foreign Born	3.5%	45.8%

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Mortgage and Risk — Thompson, ND

Thompson, ND lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Thompson, ND

Thompson, ND lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	9
Total Units Section 8	9
% Rentals under Section 8	18.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$740
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,310
4 Bedroom	N/A	N/A	$1,580

Thompson, ND—58278

Key Metrics at a Glance

Home Price Trends — Thompson, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thompson, ND

% of Rental Stock

Property Listings — Thompson, ND

Demographics — Thompson, ND

Race and Ethnicity

Mortgage and Risk — Thompson, ND

Mortgages

Rentals and Section 8 — Thompson, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — Thompson, ND

Home Price to Income Ratio

Thompson, ND — ZIP Code Boundary Map

Nearby ZIP Codes

Reynolds, ND

Grand Forks, ND

Calspur

Grand Forks, ND

Emerado, ND

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$356,000
Median Household Income	$104,000

Thompson, ND—58278

Key Metrics at a Glance

Home Price Trends — Thompson, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thompson, ND

% of Rental Stock

Property Listings — Thompson, ND

Demographics — Thompson, ND

Race and Ethnicity

Mortgage and Risk — Thompson, ND

Mortgages

Rentals and Section 8 — Thompson, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — Thompson, ND

Home Price to Income Ratio

Thompson, ND — ZIP Code Boundary Map

Nearby ZIP Codes

Reynolds, ND

Grand Forks, ND

Calspur

Grand Forks, ND

Emerado, ND

Frequently Asked Questions

What is the average home price in Thompson, ND 58278?

How have home prices in Thompson, ND 58278 changed over the past year?

What is the home price projection for Thompson, ND 58278?

What are the demographics of Thompson, ND 58278?

How long does it take homes to sell in Thompson, ND 58278?

What is the average rent price in Thompson, ND 58278?