The housing market in Tamms, IL is very competitive and thriving. The median value of a home in Tamms is $96,700, which is significantly lower than the US median value of $338,100. Despite this difference in cost, the rate of appreciation in both locations over the last year has been similar with an 8.05% increase for Tamms and 8.27% for the US as a whole. This can be attributed to the strong economy in Tamms and its popularity among potential homeowners.
The median home cost in Tamms is $96,700. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Tamms is up 14.3%.
Average Age of Homes
- The median age of Tamms real estate is 45 years old
The Rental Market in Tamms
- Renters make up 25.8% of the Tamms population
- 1.5% of houses and apartments in Tamms, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.