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Short Sale Listings in Tampico, IL

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Living in Tampico, IL

Tampico, IL is a peaceful small town with a welcoming community and picturesque views along the Rock River. It offers essential amenities, recreational opportunities, and a slower pace of life perfect for families and retirees. With its charming atmosphere and accessible location, Tampico is an inviting place to call home.

Current Market Conditions in Tampico, IL

The real estate market in Tampico, IL, is currently favorable for investors, with a balanced inventory of homes available for sale. Prices are relatively stable, making it an excellent opportunity for first-time buyers and investors looking for rental properties. The community's appeal and affordability are drawing interest from potential buyers.

Tampico has seen a gradual increase in property values, highlighting a steady demand for housing in the area. With ongoing developments and improvements in local infrastructure, the prospects for real estate investment in this town look promising, attracting both seasoned investors and newcomers.

Home Value Estimator For Tampico, IL

There are currently 464 real estate properties in Tampico, IL, with a median automated valuation model (AVM) price of $109,482.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tampico, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tampico, IL, is $121,329.00, with the most expensive house in Tampico, IL, topping out at $1,094,829.00 and the cheapest home in Tampico, IL, clocking in at $14,789.00. In other words, there’s something for every potential homebuyer or savvy investor in Tampico, IL!

Rent Prices In Tampico, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tampico, IL, is on a rollercoaster ride. The average rent price in Tampico, IL, is $1,021.00. Indeed, when looking to rent in Tampico, IL, you can expect to pay as little as $600.00 or as much as $1,980.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Tampico, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Tampico, IL Short Sale Listings


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