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Tamms village, IL

ZIP 62988 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62988

Median Home Value
$68,900
Median Rent
$342
Affordability Snapshot
$19,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$443/mo PITI).

7%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 62988 in Tamms village, IL, a household would need roughly $19,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $443. That sits below the local median household income ($56,154), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
85.5%+31% vs US avg
x
Vacancy Rate
28.5%+177% vs US avg
x
Broadband Access
62.0%-29% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
3.5%-72% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
15.7%-68% vs US avg
x
Mortgage-Free
64.7%+69% vs US avg
x
$68,900
Home Value
$342
Rent
1988
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.3%
  • 1-unit attached0.0%
  • 2-9 units1.9%
  • 10+ units0.0%
  • Mobile home & other24.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$68,900
Median rent$342
Owner-occupied85.5%
Vacant28.5%
Price-to-income1.2x
Est. income to buy$19,000