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Forrest, IL—61741

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$161,000
13.7% YoY Growth
Household Income
$82,400
17.0% YoY Growth
Days on Market
53
27.0% Shorter YoY
Home Price Forecast
4.7%
Median 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

Other Zip Codes in Forrest, IL

61769
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Forrest, IL

As of Dec '25, the median home price in Forrest, IL is $161,000, with a year-over-year change of 13.7%. This indicates that home prices in Forrest, IL are increasing. According to Zillow, the 1-year price projection is 4.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$161,00013.7%
Single Family $161,00013.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$126,00012.5%
    3 Bed
    		$163,00010.9%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    5.0%
    2 Bedrooms
    26.6%
    3 Bedrooms
    34.2%
    4 Bedrooms
    28.3%
    5+ Bedrooms
    6.0%

    Rental Trends — Forrest, IL

    Forrest, IL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    22.2%
    2 Bedrooms
    57.6%
    3 Bedrooms
    12.1%
    4 Bedrooms
    8.1%

    Property Listings — Forrest, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Forrest, IL is 41. This is a increase of 4.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$127,000-5.0%
    Listing Count
    		3100.0%
    Listings as % of Homes1.3%100.0%
    Days on Market
    		53-27.0%
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    Demographics — Forrest, IL

    As of the latest ACS Survey released in 2023, Forrest, IL has a population of 1,640, which has decreased by -3.9% over the past 5 years. Forrest, IL is a popular place for families, as children make up 29.4% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,640-3.9%
    % Under 18
    		29.4%-5.5%
    % Seniors
    		13.7%-9.3%
    % WFH
    		4.9%145.0%
    % w/ College Degree
    		19.3%60.8%
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    As of the latest ACS Survey released in 2023, Forrest, IL is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Forrest, IL is hispanic, making up 5.6% of the population. Foreign-born residents account for 1.2% of the population in Forrest, IL, and this percentage has decreased by 45.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		91.3%-2.8%
    % Black
    		1.0%150.0%
    % Hispanic
    		5.6%24.4%
    % Asian
    		0.0%N/A
    % Foreign Born
    		1.2%-45.5%
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    Mortgage and Risk — Forrest, IL

    According to HUD data as of 2023, there were 56 mortgage originations in Forrest, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Forrest, IL. Investor activity is low, as 12.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		56
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		12.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Forrest, IL

    Forrest, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$670
    2 BedroomN/AN/A$870
    3 BedroomN/AN/A$1,110
    4 BedroomN/AN/A$1,150

    Affordability — Forrest, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.5
    Median Home Price$161,000
    Median Household Income$82,400

    Forrest, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Chatsworth, IL

    60921

    Strawn, IL

    61775

    Forrest, IL

    61769

    Fairbury, IL

    61739

    Cullom, IL

    60929

    Frequently Asked Questions