Thomasville, North Carolina Housing Market Prices
Thomasville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 39% below the North Carolina median$169,247
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Median rent 29% below the North Carolina median$868
Housing Market Overview
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,247 | $278,288 | $248,835 |
| Price Trend (Annual %) | 7.8% | 9.3% | 7.5% |
| Median Gross Rent | $868 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Thomasville is about 39% lower than in North Carolina. Rent is about 29% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Thomasville, up about 7.8% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Thomasville rose about 47.1% between 2015 and 2024, from $590 to $868. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Thomasville.
Buying the median-priced home in Thomasville costs roughly 16.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Thomasville. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,247 | $278,288 | $248,835 |
| Median Household Income | $58,357 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Thomasville rose about 63.5%, while median household income rose about 52.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.7% | 58.3% | 58.5% |
| Rental Rate | 33.4% | 29.2% | 31.2% |
| Vacancy Rate | 7.9% | 12.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Thomasville has a homeownership rate of 58.7%, about the same as the North Carolina average of 58.3%. Its housing vacancy rate is 7.9%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Thomasville | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1978 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Thomasville was built around 1978. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Thomasville, NC Housing Compared With Nearby Cities
How Thomasville, NC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Thomasville, NC | 22,437 | $169,247 #1/2 | $868 #2/2 | 63.7% #1/2 |
| High Point, NC | 103,810 | $109,775 | $1,077 | 57.0% |
Frequently Asked Questions
Common questions about the housing market in Thomasville, North Carolina.
What is the median home price in Thomasville, North Carolina?
The median home price in Thomasville, North Carolina is $169,247, lower than the North Carolina average of $278,288.
What is the average home price in Thomasville, North Carolina?
The typical home price in Thomasville, North Carolina, reported as the median sale price, is $169,247. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Thomasville, North Carolina?
The median gross rent in Thomasville, North Carolina is $868 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Thomasville in 2020?
In 2020, the median gross rent in Thomasville, North Carolina was $690 per month.
What is the price-to-rent ratio in Thomasville, North Carolina?
The price-to-rent ratio in Thomasville, North Carolina is about 16.2, meaning it would take roughly 16.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Thomasville.
Are home prices or rent rising faster in Thomasville, North Carolina?
Both home prices and rent are rising in Thomasville, up about 7.8% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Thomasville, North Carolina?
58.7% of households in Thomasville, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Thomasville, North Carolina?
The housing vacancy rate in Thomasville, North Carolina is 7.9%, lower than the North Carolina average of 12.5%.
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