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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 $121,482, lower than the Illinois average of $300,242.
The average cost of rent is $1,428/mo in Park Forest, primarily driven by the current value of real estate in the Park Forest area. In Park Forest, 30.18% of households rent, and 50.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park Forest is $5,360 per month. Households that rent pay about 26.64% of their income on rent here. Park Forest’s most expensive areas are in the southeastern 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
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Cities with Similar Populations
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- Mountain Home, ID: higher priced homes
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- San Jose, PR: higher priced homes
- Scarborough, ME: higher priced homes
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