Similar to other places in this area, it's significantly less expensive compared to the country as a whole. Compared to the city of Ames, it is significantly less expensive.
Home prices
The median home in Thompson is valued at $68,300. Compared to other places in this area it is approximately $2,880 (4%) higher.It is about $149,200 (68%) lower compared to the nation as a whole, and compared to the city of Ames it is roughly $137,600 (66%) lower.
Rents
Thompson's median monthly rent is $689. It is approximately $59 (9%) higher in comparison to its surrounding areas.In comparison to the entire country it is about $373 (35%) lower, and it is about $241 (25%) lower compared to the city of Ames.
Nearby places
Leland
Leland is approximately 6 miles east from Thompson. The real estate prices there are a bit more expensive. The cost of the median home in Leland is $87,500, which is $19,200 (21%) higher than Thompson. Rents there are a bit less expensive. In Leland the median rent is $606 a month, which works out to $83 (13%) lower than Thompson.
Buffalo Center
Buffalo Center is roughly 7 miles west from Thompson. Its real estate prices are a little less expensive. The median home in Buffalo Center is valued at $64,200, which comes out to $4,100 (6%) lower than Thompson. Rents there are somewhat less expensive. Buffalo Center's median monthly rent is $629, which is $60 (9%) lower than Thompson.
Forest City
Forest City is approximately 9 miles southeast of Thompson. Its housing prices are somewhat more expensive. Forest City's median home value is $95,300, which is $27,000 (28%) higher than Thompson. The rent there is a little less expensive. Forest City's median rent is $579 per month, which comes out to $110 (18%) lower than Thompson.
Rake
Rake is about 9 miles northwest from Thompson. Its housing prices are substantially less expensive. The median home price in Rake is $29,300, which comes out to $39,000 (133%) lower than Thompson. The rent there is fairly similar. In Rake the median monthly rent is $675, which is $14 (2%) lower than Thompson.
Crystal Lake
Crystal Lake is about 9 miles south of Thompson. Real estate prices there are significantly less expensive. The value of the median home in Crystal Lake is $50,800, which works out to $17,500 (34%) lower than Thompson. Rents there are fairly similar. The median rent in Crystal Lake is $660 per month, which works out to $29 (4%) lower than Thompson.
