Cost of Living and Housing in Park Forest, Illinois

Park Forest has about 21,156 residents. Median gross rent is $1,365 per month and median household income is $61,072.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,365/mo 18% below the dataset median

Median Home Value $115,300 69% below the dataset median

Median Household Income $61,072 27% below the dataset median

Owner-Occupied Homes 66% Share of occupied housing units

Rent-to-Income Baseline 27% Annual median rent ÷ household income

Home Value-to-Income 1.9x Median value ÷ household income

How Park Forest compares

Rent is 18% below the dataset median, while household income is 27% below the dataset median. Within Illinois, Park Forest ranks #52 from lowest to highest rent and #101 from highest to lowest household income among 123 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Illinois

Frequently asked questions

What is the median rent in Park Forest?

Median gross rent is $1,365 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Park Forest?

The median value of owner-occupied homes is $115,300 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Park Forest is $61,072 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.