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Forest Park, IL—60130

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$285,000
5.1% YoY Growth
Household Income
$81,300
37.0% YoY Growth
Days on Market
38
26.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,580
1.6% YoY Growth
1-Bed Rent
$1,400
13.2% YoY Growth
2-Bed Rent
$1,950
7.1% YoY Growth
3-Bed Rent
$2,400
12.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Forest Park, IL

As of May '26, the median home price in Forest Park, IL is $285,000, with a year-over-year change of 5.1%. This indicates that home prices in Forest Park, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$285,0005.1%
Single Family $389,0005.4%
Condos $171,000-1.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $143,000
    0.0%
    2 Bed
    		$277,0006.1%
    3 Bed
    		$388,0006.3%
    4 Bed
    		$475,0007.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.1%
    1 Bedroom
    26.4%
    2 Bedrooms
    35.4%
    3 Bedrooms
    24.2%
    4 Bedrooms
    5.5%
    5+ Bedrooms
    4.5%

    Rental Trends — Forest Park, IL

    As of July '25, Rentcast reports the average rent in Forest Park, IL is $1,810, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Forest Park, IL is studios: $1,060, 1-bedrooms: $1,460, 2-bedrooms: $2,100, 3-bedrooms: $2,590, 4-bedrooms: $3,450. The most common rental property sizes in Forest Park, IL are 1-bedroom and 2-bedroom, accounting for 35.6% and 35.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,580$1,810
    Studio Rent $950$1,060
    1 Bed Rent $1,400$1,460
    2 Bed Rent $1,950$2,100
    3 Bed Rent $2,400$2,590
    4 Bed Rent $3,450$3,450
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    % of Rental Stock

    Studio
    7.0%
    1 Bedroom
    35.6%
    2 Bedrooms
    35.3%
    3 Bedrooms
    18.7%
    4 Bedrooms
    2.0%
    5+ Bedrooms
    1.4%

    Property Listings — Forest Park, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Forest Park, IL is 38. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$300,000-13.0%
    Listing Count
    		49-12.0%
    Listings as % of Homes0.7%-12.0%
    Days on Market
    		3826.0%
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    Demographics — Forest Park, IL

    As of the latest ACS Survey released in 2023, Forest Park, IL has a population of 14,000, which has remained stable by -0.3% over the past 5 years. Forest Park, IL is a moderately popular place for families, as children make up 17.3% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,000-0.3%
    % Under 18
    		17.3%27.2%
    % Seniors
    		17.5%11.5%
    % WFH
    		19.0%146.8%
    % w/ College Degree
    		49.8%-1.2%
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    As of the latest ACS Survey released in 2023, Forest Park, IL is a predominantly white area, with 53.0% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Forest Park, IL is black, making up 24.8% of the population. Foreign-born residents account for 8.5% of the population in Forest Park, IL, and this percentage has decreased by 34.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		53.0%-3.6%
    % Black
    		24.8%-8.8%
    % Hispanic
    		11.1%52.1%
    % Asian
    		7.2%-12.2%
    % Foreign Born
    		8.5%-34.1%
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    Mortgage and Risk — Forest Park, IL

    According to HUD data as of 2023, there were 250 mortgage originations in Forest Park, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Forest Park, IL. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		250
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Forest Park, IL

    As of 2024, the percent of homes in Forest Park, IL under the Section 8 program is 5.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Forest Park, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		177
    Total Units Section 8
    		177
    % Rentals under Section 8
    		5.2%
    % Occupied Section 8
    		93.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$60$1,400$1,460
    2 Bedroom-$300$1,950$1,650
    3 Bedroom-$280$2,400$2,120
    4 Bedroom-$960$3,450$2,490

    Affordability — Forest Park, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$285,000
    Median Household Income$81,300

    Forest Park, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    60141

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    60305

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    Frequently Asked Questions