Tamms, IL—62988
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tamms, IL
As of Nov '25, the median home price in Tamms, IL is $107,000, with a year-over-year change of -8.7%. This indicates that home prices in Tamms, IL are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $107,000 | -8.7% |
| Single Family | $107,000 | -7.8% |
| 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 — Tamms, IL
Tamms, 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 — Tamms, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Tamms, IL is 86. This is a increase of 47.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $312,000 | 89.0% |
Listing Count | 2 | -36.0% |
| Listings as % of Homes | N/A | -36.0% |
Days on Market | 86 | 47.0% |
Demographics — Tamms, IL
As of the latest ACS Survey released in 2023, Tamms, IL has a population of 1,220, which has decreased by -22.2% over the past 5 years. Tamms, IL is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,220 | -22.2% |
% Under 18 | 17.1% | 26.7% |
% Seniors | 26.4% | 26.9% |
% WFH | 7.4% | -32.7% |
% w/ College Degree | 16.8% | 84.6% |
As of the latest ACS Survey released in 2023, Tamms, IL is a predominantly white area, with 56.5% of the population identifying as white. The white population has shrunk by 26.3% in the last 5 years. The second most common race or ethnicity in Tamms, IL is black, making up 38.2% of the population. Foreign-born residents account for 1.0% of the population in Tamms, IL, and this percentage has increased by 400.0% 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 | 56.5% | -26.3% |
% Black | 38.2% | 109.9% |
% Hispanic | 5.2% | 246.7% |
% Asian | 0.6% | ∞% |
% Foreign Born | 1.0% | 400.0% |
Mortgage and Risk — Tamms, IL
According to HUD data as of 2023, there were 9 mortgage originations in Tamms, IL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Tamms, IL. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 9 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 0.0% |
Rentals and Section 8 — Tamms, IL
Tamms, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Tamms, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $107,000 |
| Median Household Income | $56,200 |