Tampico, IL Foreclosures
How much do homes sell for in Tampico, IL?
The average home price is currently $154,928.
In Tampico, IL, how many homes are available?
There are currently 3 active home listings available in Tampico.
What’s the average rental cost in Tampico, IL?
The average rental price in Tampico is $1,021.
What is the most expensive home in Tampico?
The most expensive home sold in Tampico had a price of $2,051,353.
What is currently the cheapest priced home in Tampico, IL?
The cheapest home for sale in Tampico is priced at $17,529.
Living in Tampico, IL
Tampico, IL, is a charming village that provides a peaceful community feel, rich history, and engaging local events. It's known for its enjoyable parks and recreational opportunities, making it an attractive location for families and retirees alike. Located conveniently near larger cities, it offers the perfect blend of rural serenity and urban access.
Current Market Conditions in Tampico, IL
The current real estate market in Tampico, IL, is experiencing a stable trend, characterized by a modest demand for homes. The village has seen a steady influx of buyers seeking affordable housing options, which has led to a healthy balance between supply and demand. Many homes are priced within the median range, appealing to first-time homebuyers and families looking for value.
Interest rates are slowly stabilizing, encouraging potential buyers to enter the market. Sellers are seeing competitive offers, particularly for well-maintained homes. As the local economy shows signs of improvement, property values may continue to increase, attracting more interest in Tampico as a desirable place to live.
Home Value Estimator For Tampico, IL
There are currently 530 real estate properties
in Tampico, IL,
with a median automated valuation model (AVM) price
of $115,580.00. 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 $154,928.00, with the most expensive house
in Tampico, IL, topping out
at $2,051,353.00 and the cheapest home
in Tampico, IL,
clocking in at $17,529.00. 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.
Learn more on Foreclosure homes
