How much do homeowners pay a month in Thompson, ND?
Homeowners with a mortgage in Thompson, ND pay a median of $2,000 (±$213) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $644 (±$36).
65.8% of owned homes carry a mortgage.
In Thompson, the median monthly cost with a mortgage went from $1,382 in 2015–2019 to $2,000 in 2020–2024 (+44.7%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- With a mortgage
- $2,000 (±$213)
- Without a mortgage
- $644 (±$36)
- Owned with a mortgage
- 65.8%
Monthly owner costs in Thompson
| Thompson | Grand Forks County | North Dakota | United States | |
|---|---|---|---|---|
| With a mortgage | $2,000 (±$213) | $1,736 (±$53) | $1,762 (±$22) | $1,963 |
| Without a mortgage | $644 (±$36) | $646 (±$19) | $590 (±$7) | $638 |
| Owned homes with a mortgage | 65.8% (±9.4 points) | 58.8% (±2.2 points) | 52.3% (±0.7 points) | 60.6% |
| Median real estate taxes (a year) | $2,855 (±$166) | $2,900 (±$91) | $2,468 (±$38) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Thompson, the median cost with a mortgage is higher than in Grand Forks County ($1,736).
It is also higher than in North Dakota ($1,762).
It is not measurably different from the national figure ($1,963).
In Grand Forks County, Thompson ranks 11 of 32 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 102 of 454.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Thompson have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,382 (±$94) | $2,000 (±$213) | +44.7% | Up after inflation |
| Median real estate taxes | $2,497 (±$118) | $2,855 (±$166) | +14.3% | No measurable change after inflation |
| Median home value | $210,100 (±$21,448) | $281,900 (±$29,289) | +34.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Thompson
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Thompson | — | $2,000 (±$213) | — |
| Walle Township | 3.6 mi | $2,393 (±$685) | Not measurably different |
| Allendale Township | 4.5 mi | $2,267 (±$536) | Not measurably different |
| Americus Township | 4.8 mi | $1,885 (±$600) | Not measurably different |
| Michigan Township (Grand Forks County) | 5.3 mi | $2,047 (±$1,216) | Not measurably different |
| Grand Forks Township | 6.7 mi | $1,935 (±$114) | Not measurably different |
| Reynolds | 7.3 mi | $1,475 (±$147) | Lower |
| Bentru Township | 8.6 mi | $2,266 (±$213) | Not measurably different |
| Brenna Township | 8.6 mi | $2,171 (±$345) | Not measurably different |
Nearby places with a measurably lower figure: Reynolds, ND ($1,475).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Grand Forks County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 5 | Bentru Township | $2,266 (±$213) |
| 6 | Johnstown Township | $2,188 (±$293) |
| 7 | Larimore Township | $2,182 (±$204) |
| 8 | Brenna Township | $2,171 (±$345) |
| 9 | Michigan Township (Grand Forks County) | $2,047 (±$1,216) |
| 10 | Rye Township | $2,034 (±$341) |
| 11 | Thompson | $2,000 (±$213) |
| 12 | Grand Forks Township | $1,935 (±$114) |
| 13 | Hegton Township | $1,930 (±$317) |
| 14 | Blooming Township | $1,898 (±$137) |
| 15 | Americus Township | $1,885 (±$600) |
| 16 | Washington Township | $1,734 (±$231) |
| 17 | Grand Forks | $1,705 (±$56) |
Showing 13 of 32 places in Grand Forks County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Thompson
What is the average mortgage payment in Thompson?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Thompson, ND is $2,000 (±$213) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Thompson?
Owners without a mortgage in Thompson pay a median of $644 (±$36) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Thompson gone up?
In Thompson, the median monthly cost with a mortgage went from $1,382 in 2015–2019 to $2,000 in 2020–2024 (+44.7%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Thompson city, North Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Thompson city, North Dakota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Thompson city, North Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Thompson city, North Dakota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Thompson city, North Dakota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Thompson city, North Dakota (place:78660, in state:38).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Thompson at a glance
- Income and affordability in Thompson
- Home values in Thompson
- Property taxes in Thompson
- Types of homes in Thompson
- Bedrooms in Thompson
- Age of homes in Thompson
- Heating fuel in Thompson
- Commute and cars in Thompson
- Population growth in Thompson
- How long people stay in Thompson
- North Dakota landlord and tenant rules
- Housing across Grand Forks County
- Housing data for every place in North Dakota