Home Price Key
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Expensive
These days, finding an affordable place to live in the Park Forest area can be challenging. Home prices in Park Forest are now at a median cost of $80,736, lower than the Illinois average of $242,002.
The average cost of rent is $1,338/mo in Park Forest, primarily driven by the current value of real estate in the Park Forest area. While nearly 49.10% of residents own their homes outright in Park Forest, 36.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Park Forest is $5,249 per month. Households that rent pay about 25.49% of their income on rent here. Park Forest's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Richton Park, IL: higher priced homes
- South Chicago Heights, IL: higher priced homes
- Olympia Fields, IL: higher priced homes
- Steger, IL: higher priced homes
- Chicago Heights, IL: higher priced homes
- University Park, IL: higher priced homes
- Matteson, IL: higher priced homes
- Flossmoor, IL: higher priced homes
- Homewood, IL: higher priced homes
- Crete, IL: higher priced homes
Cities with Similar Populations
- Shorewood, IL: higher priced homes
- Mountain Home, ID: higher priced homes
- North Tustin, CA: higher priced homes
- Rosedale, MD: higher priced homes
- Rotterdam, NY: higher priced homes
- Saco, ME: higher priced homes
- Salmon Creek, WA: higher priced homes
- San Fernando, CA: higher priced homes
- San Jose, PR: higher priced homes
- Scarborough, ME: higher priced homes
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