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Affordable
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These days, finding an affordable place to live in the Forest City area can be challenging. Home prices in Forest City are now at a median cost of $130,217, lower than the Illinois average of $300,242.
The average cost of rent is $1,009/mo in Forest City, primarily driven by the current value of real estate in the Forest City area. In Forest City, 22.70% of households rent, and 64.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest City is $5,943 per month. Households that rent pay about 16.97% of their income on rent here. Forest City’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Topeka, IL: less expensive homes
- Manito, IL: equally priced homes
- Liverpool, IL: less expensive homes
- Parkland, IL: higher priced homes
- Talbott, IL: higher priced homes
- Eckard, IL: equally priced homes
- Banner, IL: equally priced homes
- Poplar City, IL: less expensive homes
- Easton, IL: less expensive homes
- Maples Mill, IL: equally priced homes
Cities with Similar Populations
- Coffeeville, AL: less expensive homes
- Wales Corner, ME: higher priced homes
- Venango, PA: higher priced homes
- Vamoosa, OK: less expensive homes
- Trimble, TN: equally priced homes
- Daybrook, WV: equally priced homes
- Cunot, IN: higher priced homes
- Crimcrest, TX: higher priced homes
- Creola, OH: higher priced homes
- Cooksville, NC: higher priced homes
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