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Housing in Thompson

A typical Thompson home is worth roughly $330,000

Typical home value
$330K
IL $298K
Estimate
2-bedroom rent
$1,140
a month, utilities in · HUD
Median tax bill
$4,824
IL $5,298

What kind of housing town is Thompson?

Read from the numbers below. The page puts what stands out first.

★ What stands out · The homes

95% of Thompson households own their home

Half of Thompson’s homes were built before 1986.

Owners and renters
Own 95%Rent 5%

Illinois: 67% own.

1986
typical home built · IL 1971
$4,824
median property tax bill · IL $5,298
1.46%
of a home’s value, a year in tax · IL 2.01%
58%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 3 years of income

Less than across Illinois (3.6 years). Try your own numbers below.

You could afford about
$394,000
Typical Thompson home $330K

That covers a typical Thompson home, with $64K to spare.

The typical home, each month
$2,130
Loan $1,630Tax $400Insurance $100

A two-bedroom rents for about $1,140 a month here, $990 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Thompson’s typical property tax (1.46% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,140

Fair Market Rent a month, utilities included

Studio$780
1 bedroom$950
2 bedrooms$1,140
3 bedrooms$1,520
4 bedrooms$1,520
5%
of households rent · IL 33%
14
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jo Daviess County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Thompson vs. its neighbors

Thompson is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Thompson$330K*—$1,140$108,750
Guilford$358K*—$950$115,647
Apple River$325K+1.1%$1,350$46,250

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Thompson buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Thompson still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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