Forreston, IL—61030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forreston, IL
As of Oct '25, the median home price in Forreston, IL is $161,000, with a year-over-year change of 6.3%. This indicates that home prices in Forreston, IL are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 6.3% |
| Single Family | $161,000 | 6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forreston, IL
Forreston, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Forreston, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Forreston, IL is 18. This is a increase of 115.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $211,000 | 64.0% |
Listing Count | 6 | -36.0% |
| Listings as % of Homes | 0.8% | -36.0% |
Days on Market | 18 | 115.0% |
Demographics — Forreston, IL
As of the latest ACS Survey released in 2023, Forreston, IL has a population of 1,910, which has decreased by -17.0% over the past 5 years. Forreston, IL is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,910 | -17.0% |
% Under 18 | 20.1% | -31.9% |
% Seniors | 20.2% | 32.9% |
% WFH | 3.2% | -68.0% |
% w/ College Degree | 13.2% | 25.7% |
As of the latest ACS Survey released in 2023, Forreston, IL is a predominantly white area, with 89.2% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Forreston, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.9% of the population in Forreston, IL, and this percentage has decreased by 35.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.2% | 0.1% |
% Black | 1.6% | 0.0% |
% Hispanic | 3.6% | -18.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | -35.7% |
Mortgage and Risk — Forreston, IL
According to HUD data as of 2023, there were 34 mortgage originations in Forreston, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Forreston, IL. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Forreston, IL
Forreston, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Forreston, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $161,000 |
| Median Household Income | $69,400 |