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Park Forest, IL
Full City Profile · Illinois · Will County County
3.1
/5.0
B
Good
20,898
Population
4,213/sq mi density
$62,305
Median Income
$29,400 per capita
$106,200
Home Value
$148,861 Zillow
$1,341
Median Rent
28.2% income on rent
50°F
Avg Temperature
275 sunny days/yr
398
Violent Crime/100K
1,512 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$62,305 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$106,200 home value, $1,341/mo rent
F
Safety
1.0 / 5.0
398 violent crimes/100K (5% above avg)
B
Education
3.1 / 5.0
25.8% bachelor's degree or higher
Housing Overview
Median Home Value
$106,200
62% below
US avg: $281,900
Median Rent
$1,341/mo
15% above
US avg: $1,163/mo
Homeownership Rate
64.5%
1% below US avg (65.4%)
Total Housing Units
8,884
Median year built: 1958
Home Value by Source
Census Median
$106,200
Zillow (ZHVI)
$148,861
Median Sale Price
$129,026
Median List Price
$155,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.5%
Owner-Occupied
35.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,341/mo
· Zillow rent:
$1,742/mo
Market Indicators (Redfin)
Median Days on Market
165 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
14
Price Drops
25.2%
of listings with price reduction
Price Per Sq Ft
$109
Active Inventory
131
homes for sale
Affordability & Housing Stock
Rent Burden
28.2%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
64.5%
Complete Housing Data
Home Values
| Census Median Value | $106,200 |
| Zillow Home Value (ZHVI) | $148,861 |
| Median Sale Price | $129,026 |
| Median List Price | $155,000 |
| Price Per Sq Ft | $109 |
Rent
| Census Median Rent | $1,341 |
| Zillow Rent (ZORI) | $1,742 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 165 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.2% |
| Homes Sold | 14 |
| Active Inventory | 131 |
| Price Per Sq Ft | $109 |
Ownership & Stock
| Owner-Occupied | 64.5% |
| Renter-Occupied | 35.5% |
| Homeownership Rate | 64.5% |
| Total Housing Units | 8,884 |
| Median Year Built | 1958 |
| Rent Burden | 28.2% |