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Thomasville

Learn about the people, housing, costs and businesses in Thomasville, Alabama

Median Home$122,971
Median Rent$1,000/month
Population2,978
Leading IndustriesEducation · Retail · Information & Media4% education
Home Value Growth-6.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners60% of occupied units
Thomasville
AL

Frequently Asked Questions

What are today's mortgage rates in Thomasville?

As of today, the 30-year fixed mortgage rate for Thomasville is approximately 6.874% (6.909% 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 Thomasville?

The median home value in Thomasville is $123k. The median monthly rent is $1,000. Annual property taxes average $398. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thomasville?

Home values in Thomasville have decreased 6.5% over the past two years. Buyers may find more negotiating room in this market. 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 Thomasville?

Based on a typical all-in ownership cost of $767/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thomasville is $44k/year.

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What industries drive the economy in Thomasville?

The largest employment sectors in Thomasville are public administration (22%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.