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Thermal

Learn about the people, housing, costs and businesses in Thermal, California

Median Home$282,766
Median Rent$1,005/month
Population2,540
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance24% construction
Home Value Growth⬆⬆⬆+23.9% over 2 years
Young Adults34% of residentswell above average
Homeowners64% of occupied units
NotableTransit82/100 · excellent transit access
Thermal
CA

Frequently Asked Questions

What are today's mortgage rates in Thermal?

As of today, the 30-year fixed mortgage rate for Thermal is approximately 6.972% (7.011% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Thermal?

The median home value in Thermal is $283k. The median monthly rent is $1,005. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thermal?

Home values in Thermal have increased 23.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Thermal?

Based on a typical all-in ownership cost of $783/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thermal is $52k/year.

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What industries drive the economy in Thermal?

The largest employment sectors in Thermal are agriculture and mining (24%) and construction (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.