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Thompson Springs

Learn about the people, housing, costs and businesses in Thompson Springs, Utah

Median Home$465,600
Median Rent$1,161/month
Population26
Leading IndustriesRetail · Wholesale Trade · Finance & Insurance20% retail
Home Value Growth⬆⬆⬆+42.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners75% of occupied units
Thompson Springs
UT

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Thompson Springs?

As of today, the 30-year fixed mortgage rate for Thompson Springs is approximately 6.885% (6.921% 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 Thompson Springs?

The median home value in Thompson Springs is $466k. The median monthly rent is $1,161. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thompson Springs?

Home values in Thompson Springs have increased 42.7% 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 Thompson Springs?

Based on a typical all-in ownership cost of $1,274/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thompson Springs is $81k/year.

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What industries drive the economy in Thompson Springs?

The largest employment sectors in Thompson Springs are retail (20%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.