Forest Park, IL Real Estate
According to census data in the year 2000 there were 7,981 housing units in Forest Park.
This represents a 2.1% growth from 7,817 in 1990.
Of those housing units, 7,981 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Forest Park is about 44.8%.
Forest Park's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.03 people.
The majority of houses, apartments or condos in Forest Park were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.20% |
| One Bedroom | 33.60% |
| Two Bedrooms | 38.30% |
| Three Bedrooms | 16.70% |
| Four Bedrooms | 4.60% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $138,300 |
| Median Price asked for vacant units | $139,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $622 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 6% |
| Simple Mortgage | 56.60% |
| Debt Free | 27.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
