Tampico, IL—61283
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tampico, IL
As of Nov '25, the median home price in Tampico, IL is $125,000, with a year-over-year change of 5.5%. This indicates that home prices in Tampico, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $125,000 | 5.5% |
| Single Family | $126,000 | 6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tampico, IL
Tampico, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tampico, IL
Tampico, IL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.5% | N/A |
Days on Market | N/A | N/A |
Demographics — Tampico, IL
As of the latest ACS Survey released in 2023, Tampico, IL has a population of 1,350, which has decreased by -22.6% over the past 5 years. Tampico, IL is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,350 | -22.6% |
% Under 18 | 28.1% | -18.3% |
% Seniors | 21.2% | 105.8% |
% WFH | 2.4% | -71.8% |
% w/ College Degree | 10.0% | -16.0% |
As of the latest ACS Survey released in 2023, Tampico, IL is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Tampico, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.4% of the population in Tampico, IL, and this percentage has increased by 100.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.7% | -4.3% |
% Black | 0.8% | ∞% |
% Hispanic | 3.6% | 350.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | 100.0% |
Mortgage and Risk — Tampico, IL
According to HUD data as of 2023, there were 22 mortgage originations in Tampico, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Tampico, IL. Investor activity is low, as 14.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 14.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 18.0% |
Rentals and Section 8 — Tampico, IL
Tampico, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Tampico, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $125,000 |
| Median Household Income | $66,600 |