States · Illinois · Cook County

Park Forest, Illinois.

Typical home $159,644 (+5.4% in a year), asking rent $1,857 . Chicago-Naperville-Elgin, IL-IN-WI metro.

What it costs per month · Park Forest $838/mo

to buy the typical home at today's mortgage rate — +$515 (+160%) since Jan 2020.

What the home itself did
1 year
Up $8,166 +5%
$151,478$159,644 since Sep 2025
5 years
Up $36,534 +30%
$123,110$159,644 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Park Forest $838 Illinois $1,553 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Park Forest$838
  • Illinois$1,553
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 13 years.

Typical home values in Park Forest, IL rose 5.4% over the past year — faster than the nation's +1.2%.

Living in Park Forest, Cook County, Illinois

Park Forest is a village of 21,687 people in Cook County. Half its households earn more than $61,072 a year and half less, against $83,498 across Cook County; 18% of its people live below the poverty line. 66% of its homes are lived in by their owners and 34% are rented. Unemployment in Park Forest was 8.4% in August 2026, and Cook County had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then transport and warehouses.

People 21,687 in the 2020 census; median age 36.9
Household income $61,072 the median, give or take $3,921 · Cook County: $83,498
Unemployment 8.4% Park Forest, August 2026; 6.7% a year before
Homes 66% lived in by their owners; 34% rented

Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Park Forest is a village in the southern part of Cook County, built up in the years after the Second World War as a planned community. Its people are younger than in many older suburbs, and incomes run below the county's, with more households living under the poverty line than you might expect in a Chicago suburb. Most homes are lived in by their owners, and typical home values and rents here are well below what you would find closer to the city. Winters are cold and snowy, with January the coldest month, and summers turn warm in July, with plenty of rain and melted snow through the year.

Work. Many residents work in schools, hospitals and social care, with others in transport, warehouses and utilities, in shops, and in manufacturing. The largest workplaces in town include the village's school district, Homewood Disposal Service and Imageworks Manufacturing. Unemployment has risen over the past year, and fewer adults hold a four-year degree than across the county. Most people travel to work, and the typical commute is a long one.

Things to do. Chicago's big attractions are a longer drive away. The Art Institute of Chicago is one of the best known art museums in the country, and the Field Museum of Natural History is another of the city's major museums. Soldier Field, the lakefront stadium, is also a longer drive from town.

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  • 8,129households
  • 24%of adults have a degree
  • 18%below the poverty line
  • 32 mintypical commute
  • 8%work from home

What residents work in

  • Schools, hospitals and social care28%
  • Transport, warehouses and utilities16%
  • Shops (retail)10%
  • Manufacturing8%
  • Professional and business services8%
  • Banks, insurance and property6%

Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 31° and 15°; warmest in July, 84° and 64° 20° 40° 60° 80° J 31° 15° F M A M J J 84° 64° A S O N D
Average daily high and low for each month: coldest in January, 31° and 15°; warmest in July, 84° and 64° 20° 40° 60° 80° J 31° 15° F M A M J J 84° 64° A S O N D

Coldest in January, with highs near 31° and lows near 15°; warmest in July, with highs near 84° and lows near 64°. About 28 inches of snow and 42 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Park Forest weather station, a mile away (NOAA).

Largest workplaces in Park Forest

  1. Park Forest SD 163School district222FTE
  2. Homewood Disposal ServiceGarbage collection services89
  3. Park ForestMail and parcel delivery63
  4. Imageworks ManufacturingCommercial printing36

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 188 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. Cold wavesVery high
  2. TornadoesRelatively high
  3. Heat wavesRelatively high
  4. Inland floodingRelatively moderate
  5. Winter weatherRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Park Forest’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.

Park Forest home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 Park Forest $159,644 Illinois $295,943 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • Park Forest$159,644
  • Illinois$295,943
  • United States$366,157

Sellers are cutting prices on about 1 in 3 Park Forest listings, and the typical home goes pending in 23 days — the market is heating up.

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Share of listings with a price cut

The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.

10% 20% 30% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Park Forest 30.24% United States 26.90%
10% 20% 30% 2018 2022 2026
  • Park Forest30.24%
  • United States26.90%

Days to pending

How long the typical listing takes to go under contract.

20 25 30 2026 Park Forest 23 United States 21
20 25 30 2026
  • Park Forest23
  • United States21

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

100 150 200 2018 2019 2020 2021 2022 2023 2024 2025 2026 Park Forest 144
100 150 200 2018 2022 2026
  • Park Forest144

New listings per month

Sellers arriving at the market.

30 40 50 2018 2019 2020 2021 2022 2023 2024 2025 2026 Park Forest 36
30 40 50 2018 2022 2026
  • Park Forest36

Median sale price

What buyers actually paid — closed sales, not asking prices.

$150,000 $200,000 $250,000 $300,000 $350,000 2026 Park Forest $149,399 United States $371,407
$150,000 $200,000 $250,000 $300,000 $350,000 2026
  • Park Forest$149,399
  • United States$371,407

Sale-to-list ratio

Above 100%, homes sell over asking; below, buyers negotiate wins.

Not enough data to draw this yet.

Zip codes with a Park Forest address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Park Forest — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zip codes in Park Forest