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Tampico

Learn about the people, housing, costs and businesses in Tampico, Illinois

Median Home$154,600
Median Rent$986/month
Population638
Leading IndustriesArts, Food & Hospitality · Healthcare · Finance & Insurance10% arts, food & hospitality
Home Value Growth+8.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners89% of occupied units
NotableTransit83/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Tampico
IL

Frequently Asked Questions

What are today's mortgage rates in Tampico?

As of today, the 30-year fixed mortgage rate for Tampico is approximately 6.868% (6.873% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tampico?

The median home value in Tampico is $155k. The median monthly rent is $986. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tampico?

Home values in Tampico have increased 8.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tampico?

Based on a typical all-in ownership cost of $929/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tampico is $80k/year.

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What industries drive the economy in Tampico?

The largest employment sectors in Tampico are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.