Thompson Falls, MT housing market
The typical Thompson Falls home is worth about $445,000, up 5.2% in a year, 6% below the Montana typical home.
Home values, sales, trends and how Thompson Falls compares with the towns next door — updated as new data is published.
Thompson Falls at a glance
Typical home value, 2016–2026
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| January | Thompson Falls | Montana |
|---|---|---|
| 2017 | $192,000 | $233,000 |
| 2018 | $203,000 | $248,000 |
| 2019 | $211,000 | $262,000 |
| 2020 | $223,000 | $277,000 |
| 2021 | $260,000 | $318,000 |
| 2022 | $356,000 | $406,000 |
| 2023 | $396,000 | $434,000 |
| 2024 | $397,000 | $447,000 |
| 2025 | $421,000 | $464,000 |
| 2026 | $429,000 | $468,000 |
| August 2026 | $445,000 | $472,000 |
No new homes permitted in 2014
No permits for new homes were issued in Thompson Falls in 2014. The last year with any was 2001 (6 new homes).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 6 | 6 | 0 | $147,000 |
| 2000 | 0 | 0 | 0 | — |
Thompson Falls's permit office didn't report to the Census in 2014, so the 2014 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
9.6 years of income
The typical Thompson Falls home costs about 9.6 years of the town's median household income, more than across Montana (6.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Thompson Falls is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Thompson Falls pay a median of $543, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $740 · 4 bedrooms $1,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (59873; Sanders County, MT), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.