Forest Glen, Chicago, IL—60646
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forest Glen, Chicago, IL
As of Oct '25, the median home price in Forest Glen, Chicago, IL is $522,000, with a year-over-year change of 5.8%. This indicates that home prices in Forest Glen, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $522,000 | 5.8% |
| Single Family | $534,000 | 6.2% |
| Condos | $274,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $377,000 | 6.2% |
3 Bed | $503,000 | 6.6% |
4 Bed | $620,000 | 5.8% |
| 5 Bed | $814,000 | 4.5% |
% of Housing Stock
Rental Trends — Forest Glen, Chicago, IL
As of July '25, Rentcast reports the average rent in Forest Glen, Chicago, IL is $2,030, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in Forest Glen, Chicago, IL is 1-bedrooms: $1,510, 2-bedrooms: $2,160, 3-bedrooms: $2,500. The most common rental property sizes in Forest Glen, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 43.8% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,510 |
| 2 Bed Rent | $2,000 | $2,160 |
| 3 Bed Rent | $2,150 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Forest Glen, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Forest Glen, Chicago, IL is 26. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $548,000 | -4.0% |
Listing Count | 56 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 26 | -27.0% |
Demographics — Forest Glen, Chicago, IL
As of the latest ACS Survey released in 2023, Forest Glen, Chicago, IL has a population of 28,500, which has increased by 1.8% over the past 5 years. Forest Glen, Chicago, IL is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 57.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,500 | 1.8% |
% Under 18 | 23.3% | 8.9% |
% Seniors | 20.4% | -0.5% |
% WFH | 16.7% | 279.5% |
% w/ College Degree | 57.5% | 12.3% |
As of the latest ACS Survey released in 2023, Forest Glen, Chicago, IL is a predominantly white area, with 72.3% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Forest Glen, Chicago, IL is asian, making up 12.6% of the population. Foreign-born residents account for 20.3% of the population in Forest Glen, Chicago, IL, and this percentage has increased by 1.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.3% | -0.4% |
% Black | 0.6% | -45.5% |
% Hispanic | 11.5% | -19.0% |
% Asian | 12.6% | 21.2% |
% Foreign Born | 20.3% | 1.0% |
Mortgage and Risk — Forest Glen, Chicago, IL
According to HUD data as of 2023, there were 372 mortgage originations in Forest Glen, Chicago, IL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Forest Glen, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 372 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Forest Glen, Chicago, IL
Forest Glen, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 593 |
Total Units Section 8 | 494 |
% Rentals under Section 8 | 21.2% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,550 | $1,530 |
| 2 Bedroom | -$270 | $2,000 | $1,730 |
| 3 Bedroom | $70 | $2,150 | $2,220 |
| 4 Bedroom | N/A | N/A | $2,610 |
Affordability — Forest Glen, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $522,000 |
| Median Household Income | $111,000 |