Park Forest, Illinois.
Typical home $159,644 (+5.4% in a year), asking rent $1,857 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$515 (+160%) since Jan 2020.
- 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.
- 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.
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 It can be wrong or out of date.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
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
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
- Park Forest SD 163School district222FTE
- Homewood Disposal ServiceGarbage collection services89
- Park ForestMail and parcel delivery63
- 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
- Cold wavesVery high
- TornadoesRelatively high
- Heat wavesRelatively high
- Inland floodingRelatively moderate
- 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.
- 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.
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.
- Park Forest30.24%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Park Forest23
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Park Forest144
New listings per month
Sellers arriving at the market.
- Park Forest36
Median sale price
What buyers actually paid — closed sales, not asking prices.
- 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.