Housing in Thomastown

A typical Thomastown home is worth roughly $257,000

Home prices around Thomastown have risen about 38% over the past 5 years.

Typical home value

$257K

▼ 9.4% in a year · MN $351K

Estimate

2-bedroom rent

$1,140

a month, utilities in · HUD

Median tax bill

$2,663

MN $3,357

What kind of housing town is Thomastown?

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

Prices coolingDown 9.4% in a year.Your money goes further27% below the Minnesota typical home.A town of owners91% of households own their home.

★ What stands out · Price trend

Home prices up 38% in 5 years

The federal house price index for the ZIP codes around Thomastown rose 38% over the past 5 years, about the same as across Minnesota. Last year prices fell 9.4%.

Thomastown areaMinnesota

−9.4%

past year

+38%

past 5 years

+86%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Thomastown, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 2.8 years of income

Less than across Minnesota (3.9 years). Try your own numbers below.

You could afford about

$348,000

Typical Thomastown home $257K

That covers a typical Thomastown home, with $91K to spare.

The typical home, each month

$1,570

Loan $1,270Tax $220Insurance $70

A two-bedroom rents for about $1,140 a month here, $430 less than owning.

Where your budget reaches nearby

Becker$263K Staples$130K Aldrich$204K Staples$218K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Thomastown’s typical property tax (1.04% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

91% of Thomastown households own their home

Half of Thomastown’s homes were built before 1988.

Owners and renters

Own 91%Rent 9%

Minnesota: 72% own.

1988

typical home built · MN 1979

$2,663

median property tax bill · MN $3,357

1.04%

of a home’s value, a year in tax · MN 1.02%

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.

Renting

A two-bedroom rents for about $1,140

Fair Market Rent a month, utilities included

Studio$830

1 bedroom$880

2 bedrooms$1,140

3 bedrooms$1,480

4 bedrooms$1,710

of households rent · MN 28%

renter households

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

Next door

Thomastown vs. its neighbors

Thomastown is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.

Becker$263K Thomastown$257K Staples$218K Aldrich$204K Staples$130K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Thomastown	$257K*	−9.4%†	$1,140	—	$91,094
Bullard	—	−9.4%†	$1,120	—	$39,625
Becker	$263K*	+6.6%†	$990	—	$59,545
Staples	$130K*	−9.4%†	$1,170	1	$52,071
Aldrich	$204K*	—	$970	—	$88,153
Staples	$218K	+7.9%	$1,170	—	$61,625

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 Thomastown buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Thomastown 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. Price trend: Federal Housing Finance Agency House Price Index. 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.