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These days, finding an affordable place to live in the Forest Park area can be challenging. Home prices in Forest Park are now at a median cost of $296,869, lower than the Illinois average of $300,242.
The average cost of rent is $1,360/mo in Forest Park, primarily driven by the current value of real estate in the Forest Park area. In Forest Park, 47.20% of households rent, and 33.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Forest Park is $6,251 per month. Households that rent pay about 21.76% of their income on rent here. Forest Park’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oak Park, IL: higher priced homes
- River Forest, IL: higher priced homes
- Hines, IL: less expensive homes
- Maywood, IL: less expensive homes
- North Riverside, IL: equally priced homes
- Berwyn, IL: equally priced homes
- Broadview, IL: less expensive homes
- Riverside, IL: higher priced homes
- Cicero, IL: less expensive homes
- Elmwood Park, IL: higher priced homes
Cities with Similar Populations
- Ottawa, KS: less expensive homes
- Port Washington, WI: higher priced homes
- Port Washington, NY: higher priced homes
- Port Royal, SC: higher priced homes
- Port Neches, TX: less expensive homes
- Port Lavaca, TX: less expensive homes
- Port Jervis, NY: less expensive homes
- Pontotoc, MS: less expensive homes
- Plymouth, WI: less expensive homes
- Plover, WI: less expensive homes
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