Market Overview
Home Prices in Tampico, IL
The median home value in Tampico, IL is $123,377 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tampico are priced70% below average. Tampico is part of the Sterling, IL metro area.
Over the past five years, Tampico home values have risen by approximately7.0%, reflecting steady appreciation in this market.
Price History
Tampico Home Price Trend
2020
$105,668
$106K
—
2021
$115,311
$115K
+9.1%
2022
$119,794
$120K
+3.9%
2023
$122,672
$123K
+2.4%
2024
$120,906
$121K
-1.4%
2025
$124,857
$125K
+3.3%
2026
$123,377
$123K
-1.2%
City Comparison
Tampico vs. National Median
🏠 Tampico
$123,377
National Median
$410,000
At $123,377, homes in Tampico cost 70% below the national median of $410,000. This makes Tampico a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tampico?
20% Down Payment
$24,675
on $123,377
Monthly P&I
$643/mo
30-yr @ 6.8%
Total Monthly Est.
~$817/mo
incl. taxes & insurance
Income Needed
$32,680
gross annual (30% rule)
10% Down Option
$12,338
+ PMI applies
Loan Amount (20% dn)
$98,702
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Tampico, IL?
The median home value in Tampico is $123,377 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Tampico?
Over the past year, home values in Tampico have decreased by 1.2%. Over five years, prices have risen approximately 7.0%.
How much do I need to earn to buy a home in Tampico?
To comfortably afford the median home price of $123,377 with a 20% down payment ($24,675) at today's rates (6.8%), you'd need a gross annual income of approximately $32,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Tampico compare to the national average home price?
The national median home value is approximately $410,000. At $123,377, homes in Tampico are 70% below the national average.
What metro area is Tampico part of?
Tampico is part of the Sterling, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.