The housing market in 61283 Tampico, IL is relatively affordable with a median value of $98,300. This is significantly lower than the US median value of $338,100. Despite this gap, the 1 year house appreciation rate in Tampico is still positive at 6.99%, just below the US average of 8.27%. This indicates that the housing market in Tampico has seen some consistent growth over the past year and could be a great investment opportunity for those looking to settle down in this area.
The median home cost in Tampico (zip 61283) is $98,300. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Tampico (zip 61283) is up 8.3%.
Average Age of Homes
- The median age of Tampico (zip 61283) real estate is 68 years old
The Rental Market in Tampico (zip 61283)
- Renters make up 26.5% of the Tampico (zip 61283) population
- 0.8% of houses and apartments in Tampico (zip 61283), 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.